Century Aluminum (NASDAQ:CENX) Raised to “Hold” at StockNews.com

Century Aluminum (NASDAQ:CENX) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

A number of other brokerages also recently issued reports on CENX. BMO Capital Markets decreased their price target on Century Aluminum from $17.00 to $15.00 and set a “market perform” rating for the company in a report on Friday, August 9th. B. Riley lowered their price target on Century Aluminum from $24.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, August 9th.

Century Aluminum Stock Performance

Shares of CENX opened at $16.67 on Tuesday. The company has a current ratio of 1.72, a quick ratio of 0.63 and a debt-to-equity ratio of 0.77. The firm has a market cap of $1.55 billion, a PE ratio of 7.65 and a beta of 2.48. Century Aluminum has a 12 month low of $5.70 and a 12 month high of $21.37. The stock has a fifty day moving average price of $14.84 and a 200-day moving average price of $16.15.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings results on Thursday, August 8th. The industrial products company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). The company had revenue of $560.80 million during the quarter, compared to analysts’ expectations of $530.90 million. Century Aluminum had a negative return on equity of 0.04% and a net margin of 10.32%. Equities research analysts predict that Century Aluminum will post 0.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Century Aluminum

Large investors have recently bought and sold shares of the business. Wellington Management Group LLP increased its position in shares of Century Aluminum by 3.1% during the fourth quarter. Wellington Management Group LLP now owns 169,574 shares of the industrial products company’s stock worth $2,059,000 after purchasing an additional 5,064 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Century Aluminum by 199.8% in the 1st quarter. GAMMA Investing LLC now owns 2,878 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 1,918 shares during the period. BNP Paribas Financial Markets raised its position in Century Aluminum by 43.4% in the 1st quarter. BNP Paribas Financial Markets now owns 230,860 shares of the industrial products company’s stock valued at $3,553,000 after purchasing an additional 69,910 shares during the last quarter. Capstone Investment Advisors LLC acquired a new position in Century Aluminum in the first quarter valued at $161,000. Finally, GSA Capital Partners LLP raised its holdings in shares of Century Aluminum by 314.4% in the first quarter. GSA Capital Partners LLP now owns 109,004 shares of the industrial products company’s stock valued at $1,678,000 after buying an additional 82,703 shares during the last quarter. Hedge funds and other institutional investors own 61.59% of the company’s stock.

About Century Aluminum

Century Aluminum Company, together with its subsidiaries, engages in the production of standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates an alumina production facility in Iceland, and a carbon anode production facility in the Netherlands.