Century Aluminum (NASDAQ:CENX) was upgraded by investment analysts at TheStreet from a “c” rating to a “b-” rating in a research note issued on Friday.
CENX has been the topic of several other reports. BidaskClub raised Century Aluminum from a “hold” rating to a “buy” rating in a report on Tuesday, February 13th. Zacks Investment Research lowered Century Aluminum from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. BMO Capital Markets set a $16.00 price objective on Century Aluminum and gave the company a “hold” rating in a report on Friday, October 27th. Cowen set a $16.00 price objective on Century Aluminum and gave the company a “hold” rating in a report on Sunday, October 29th. Finally, JPMorgan Chase & Co. lowered Century Aluminum from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $22.00 to $14.50 in a report on Monday, October 30th. Seven analysts have rated the stock with a hold rating, Century Aluminum has an average rating of “Hold” and an average target price of $16.70.
Shares of Century Aluminum (NASDAQ CENX) opened at $20.51 on Friday. The company has a market capitalization of $1,827.75, a PE ratio of 41.86 and a beta of 0.55. Century Aluminum has a 1-year low of $11.26 and a 1-year high of $24.77. The company has a current ratio of 2.91, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30.
A number of institutional investors and hedge funds have recently modified their holdings of CENX. IndexIQ Advisors LLC grew its holdings in Century Aluminum by 752.8% in the third 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 acquired a new stake in Century Aluminum in the third quarter valued at approximately $202,000. UBS Asset Management Americas Inc. grew its holdings in Century Aluminum by 15.5% in the second 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 acquired a new stake in Century Aluminum in the second quarter valued at approximately $267,000. Finally, SG Americas Securities LLC acquired a new stake in Century Aluminum in the fourth quarter valued at approximately $272,000. 63.37% of the stock is currently owned by 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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