A number of other research firms have also commented on CENX. Zacks Investment Research raised Century Aluminum from a sell rating to a hold rating in a research report on Tuesday, February 20th. BidaskClub lowered Century Aluminum from a buy rating to a hold rating in a research report on Wednesday, January 31st. BMO Capital Markets reissued a market perform rating and issued a $20.00 price target (up from $18.00) on shares of Century Aluminum in a research report on Friday. Finally, Deutsche Bank lowered Century Aluminum from a buy rating to a hold rating and lowered their price target for the company from $20.00 to $14.00 in a research report on Wednesday, December 20th. Seven research analysts have rated the stock with a hold rating, Century Aluminum currently has a consensus rating of Hold and a consensus target price of $16.70.
Shares of Century Aluminum (CENX) opened at $20.51 on Friday. The company has a market capitalization of $1,827.75, a price-to-earnings ratio of 41.86 and a beta of 0.55. Century Aluminum has a 12-month low of $11.26 and a 12-month high of $24.77. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.91 and a quick ratio of 1.24.
A number of large investors have recently made changes to their positions in CENX. IndexIQ Advisors LLC grew its stake in Century Aluminum by 752.8% in the 3rd quarter. IndexIQ Advisors LLC now owns 10,293 shares of the industrial products company’s stock valued at $171,000 after purchasing an additional 9,086 shares during the period. ARP Americas LLC bought a new position in Century Aluminum in the 3rd quarter valued at $202,000. UBS Asset Management Americas Inc. grew its stake in Century Aluminum by 15.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 16,400 shares of the industrial products company’s stock valued at $256,000 after purchasing an additional 2,200 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Century Aluminum in the 2nd quarter valued at $267,000. Finally, SG Americas Securities LLC bought a new position in Century Aluminum in the 4th quarter valued at $272,000. Hedge funds and other institutional investors own 63.37% of the company’s stock.
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About Century Aluminum
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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