Century Aluminum (NASDAQ:CENX) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Century Aluminum (NASDAQ:CENX) from a sell rating to a hold rating in a report released on Thursday.

A number of other equities research analysts have also weighed in on the stock. BMO Capital Markets decreased their price objective on shares of 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 decreased their price target on shares of Century Aluminum from $24.00 to $22.00 and set a buy rating for the company in a research note on Friday, August 9th.

Century Aluminum Trading Up 5.0 %

CENX opened at $17.31 on Thursday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.63 and a current ratio of 1.72. The stock’s 50 day moving average price is $14.36 and its 200-day moving average price is $16.10. Century Aluminum has a one year low of $5.70 and a one year high of $21.37. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 8.32 and a beta of 2.48.

Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings data on Thursday, August 8th. The industrial products company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.05). Century Aluminum had a net margin of 10.32% and a negative return on equity of 0.04%. The business had revenue of $560.80 million during the quarter, compared to the consensus estimate of $530.90 million. On average, equities analysts forecast that Century Aluminum will post 0.07 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Encompass Capital Advisors LLC boosted its stake in shares of Century Aluminum by 1,208.7% during the second quarter. Encompass Capital Advisors LLC now owns 1,401,638 shares of the industrial products company’s stock valued at $23,477,000 after purchasing an additional 1,294,538 shares in the last quarter. Castle Hook Partners LP increased its holdings in shares of Century Aluminum by 1,147.0% in the 1st quarter. Castle Hook Partners LP now owns 976,894 shares of the industrial products company’s stock valued at $15,034,000 after acquiring an additional 898,554 shares during the period. Bank of Montreal Can raised its position in shares of Century Aluminum by 341.1% in the 2nd quarter. Bank of Montreal Can now owns 411,968 shares of the industrial products company’s stock worth $6,900,000 after acquiring an additional 318,579 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Century Aluminum by 125.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 531,679 shares of the industrial products company’s stock worth $8,906,000 after purchasing an additional 296,101 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in Century Aluminum by 30.4% during the second quarter. American Century Companies Inc. now owns 1,186,243 shares of the industrial products company’s stock valued at $19,870,000 after purchasing an additional 276,304 shares in the last quarter. Hedge funds and other institutional investors own 61.59% of the company’s stock.

Century Aluminum Company Profile

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.