Century Aluminum (NASDAQ:CENX) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Century Aluminum (NASDAQ:CENX) from a sell rating to a hold rating in a research report report published on Saturday morning.

Other research analysts have also recently issued research reports about the company. B. Riley upped their price target on Century Aluminum from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. BMO Capital Markets increased their target price on shares of Century Aluminum from $16.00 to $18.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th.

Century Aluminum Stock Performance

Shares of CENX stock opened at $21.19 on Friday. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 7.09 and a beta of 2.47. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.63 and a current ratio of 1.71. Century Aluminum has a 52 week low of $6.55 and a 52 week high of $22.77. The firm’s 50-day simple moving average is $16.44 and its two-hundred day simple moving average is $16.36.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.31. Century Aluminum had a net margin of 14.60% and a return on equity of 11.37%. The company had revenue of $539.10 million during the quarter, compared to analyst estimates of $587.10 million. During the same quarter last year, the business posted ($0.13) EPS. As a group, equities analysts forecast that Century Aluminum will post 0.56 earnings per share for the current year.

Institutional Investors Weigh In On Century Aluminum

Institutional investors have recently made changes to their positions in the stock. Cerity Partners LLC raised its stake in shares of Century Aluminum by 82.0% during the 3rd quarter. Cerity Partners LLC now owns 29,441 shares of the industrial products company’s stock valued at $478,000 after purchasing an additional 13,263 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Century Aluminum by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 487,391 shares of the industrial products company’s stock valued at $7,910,000 after buying an additional 10,105 shares in the last quarter. Intech Investment Management LLC increased its position in shares of Century Aluminum by 84.6% during the third quarter. Intech Investment Management LLC now owns 63,974 shares of the industrial products company’s stock valued at $1,038,000 after buying an additional 29,326 shares during the period. Jennison Associates LLC lifted its holdings in shares of Century Aluminum by 78.0% in the third quarter. Jennison Associates LLC now owns 47,255 shares of the industrial products company’s stock worth $767,000 after buying an additional 20,710 shares in the last quarter. Finally, Empowered Funds LLC lifted its holdings in shares of Century Aluminum by 5.4% in the third quarter. Empowered Funds LLC now owns 55,316 shares of the industrial products company’s stock worth $898,000 after buying an additional 2,814 shares in the last quarter. Hedge funds and other institutional investors own 61.59% of the company’s stock.

About Century Aluminum

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.