Shares of Century Aluminum Company (NASDAQ:CENX) gapped up prior to trading on Wednesday . The stock had previously closed at $19.11, but opened at $19.72. Century Aluminum shares last traded at $20.38, with a volume of 3,748,147 shares changing hands.
Several research firms recently issued reports on CENX. Macquarie began coverage on Century Aluminum in a research note on Thursday, September 7th. They issued a “neutral” rating for the company. BidaskClub upgraded Century Aluminum from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th. J P Morgan Chase & Co upgraded Century Aluminum from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $15.00 to $22.00 in a research note on Monday, August 21st. Cowen and Company set a $16.00 price target on Century Aluminum and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research upgraded Century Aluminum from a “hold” rating to a “strong-buy” rating and set a $19.00 price target for the company in a research note on Tuesday, August 1st. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $17.20.
The firm’s 50-day moving average is $17.20 and its 200 day moving average is $15.02. The company’s market capitalization is $1.78 billion.
Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.28). Century Aluminum had a negative return on equity of 5.61% and a negative net margin of 16.48%. The company had revenue of $388.80 million during the quarter, compared to the consensus estimate of $398.33 million. During the same period in the previous year, the business earned ($0.05) earnings per share. Century Aluminum’s revenue was up 19.0% on a year-over-year basis. Equities analysts anticipate that Century Aluminum Company will post $0.54 earnings per share for the current fiscal year.
Several institutional investors have recently bought and sold shares of the company. Lord Abbett & CO. LLC boosted its holdings in shares of Century Aluminum by 15.7% in the second quarter. Lord Abbett & CO. LLC now owns 1,808,095 shares of the industrial products company’s stock worth $28,170,000 after acquiring an additional 245,892 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Century Aluminum in the second quarter worth $267,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Century Aluminum by 224.8% in the second quarter. Public Employees Retirement System of Ohio now owns 59,805 shares of the industrial products company’s stock worth $932,000 after acquiring an additional 41,394 shares during the period. Piedmont Investment Advisors LLC bought a new position in shares of Century Aluminum in the second quarter worth $168,000. Finally, 361 Capital LLC boosted its holdings in shares of Century Aluminum by 91.7% in the second quarter. 361 Capital LLC now owns 24,432 shares of the industrial products company’s stock worth $381,000 after acquiring an additional 11,690 shares during the period. 67.17% of the stock is owned by hedge funds and other institutional investors.
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Century Aluminum Company Profile
Century Aluminum Company (Century) is a holding company, which is a producer of primary aluminum and operates aluminum reduction facilities, or smelters, in the United States and Iceland. The Company operates through primary aluminum segment. The Company’s primary aluminum facilities produce standard grade primary aluminum products.
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