Century Aluminum (CENX) Shares Up 5.7%

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Shares of Century Aluminum Co (NASDAQ:CENX) shot up 5.7% during mid-day trading on Tuesday . The stock traded as high as $9.78 and last traded at $9.75. 1,823,882 shares traded hands during mid-day trading, an increase of 28% from the average session volume of 1,424,113 shares. The stock had previously closed at $9.22.

Several research firms recently issued reports on CENX. ValuEngine raised shares of Century Aluminum from a “sell” rating to a “hold” rating in a research report on Thursday, April 4th. Zacks Investment Research downgraded shares of Century Aluminum from a “buy” rating to a “hold” rating in a report on Friday. Finally, BidaskClub downgraded shares of Century Aluminum from a “hold” rating to a “sell” rating in a report on Wednesday, March 27th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Century Aluminum presently has a consensus rating of “Hold” and an average target price of $13.89.

The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.73 and a current ratio of 2.26. The firm has a market capitalization of $825.53 million, a PE ratio of -69.64 and a beta of 1.57.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings data on Thursday, February 21st. The industrial products company reported ($0.43) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.53) by $0.10. The firm had revenue of $481.80 million for the quarter, compared to the consensus estimate of $489.02 million. Century Aluminum had a negative net margin of 3.58% and a negative return on equity of 1.34%. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.26 EPS. As a group, analysts predict that Century Aluminum Co will post -0.75 EPS for the current year.

In other Century Aluminum news, insider Michael A. Bless sold 25,000 shares of Century Aluminum stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $8.96, for a total transaction of $224,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.59% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Millennium Management LLC bought a new stake in shares of Century Aluminum during the 4th quarter worth $4,668,000. Morgan Stanley raised its stake in shares of Century Aluminum by 480.3% during the 3rd quarter. Morgan Stanley now owns 727,544 shares of the industrial products company’s stock worth $8,709,000 after purchasing an additional 602,177 shares during the period. Royce & Associates LP bought a new stake in shares of Century Aluminum during the 4th quarter worth $3,382,000. BlackRock Inc. raised its stake in shares of Century Aluminum by 3.0% during the 4th quarter. BlackRock Inc. now owns 7,270,344 shares of the industrial products company’s stock worth $53,146,000 after purchasing an additional 214,032 shares during the period. Finally, Deutsche Bank AG raised its stake in shares of Century Aluminum by 66.0% during the 4th quarter. Deutsche Bank AG now owns 491,026 shares of the industrial products company’s stock worth $3,587,000 after purchasing an additional 195,200 shares during the period. 55.93% of the stock is currently owned by hedge funds and other institutional investors.

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About Century Aluminum (NASDAQ:CENX)

Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum products in the United States and Iceland. The company was founded in 1995 and is headquartered in Chicago, Illinois.

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