Century Aluminum Co. (CENX) Sees Unusually-High Trading Volume
Century Aluminum Co. (NASDAQ:CENX) saw strong trading volume on Thursday . 1,592,917 shares changed hands during trading, a decline of 19% from the previous session’s volume of 1,970,944 shares.The stock last traded at $6.45 and had previously closed at $6.54.
Several analysts have commented on the company. Deutsche Bank AG upped their price objective on Century Aluminum from $7.00 to $7.50 and gave the company a “hold” rating in a research note on Monday, May 2nd. Zacks Investment Research downgraded Century Aluminum from a “buy” rating to a “hold” rating in a research note on Wednesday, May 4th. Cowen and Company reaffirmed a “hold” rating on shares of Century Aluminum in a research note on Saturday, April 30th. TheStreet raised Century Aluminum from a “sell” rating to a “hold” rating in a research note on Friday, April 29th. Finally, Nomura Holdings Inc. reaffirmed a “neutral” rating and set a $5.00 price objective on shares of Century Aluminum in a research note on Friday, March 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $7.04.
The firm’s market capitalization is $603.32 million. The stock has a 50-day moving average price of $6.55 and a 200 day moving average price of $6.22.
Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings results on Thursday, April 28th. The company reported ($0.23) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.44) by $0.21. The firm earned $318.90 million during the quarter, compared to analyst estimates of $335.08 million. The firm’s revenue for the quarter was down 45.8% on a year-over-year basis. During the same quarter last year, the business posted $0.76 earnings per share. On average, analysts anticipate that Century Aluminum Co. will post ($0.35) earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of CENX. Bank of Montreal Can increased its position in Century Aluminum by 121.6% in the fourth quarter. Bank of Montreal Can now owns 294,081 shares of the company’s stock worth $1,300,000 after buying an additional 161,351 shares during the period. Principal Financial Group Inc. increased its position in Century Aluminum by 4.6% in the fourth quarter. Principal Financial Group Inc. now owns 326,146 shares of the company’s stock worth $1,442,000 after buying an additional 14,465 shares during the period. Finally, Oxford Asset Management purchased a new position in Century Aluminum during the fourth quarter worth approximately $2,180,000.
Century Aluminum Company (Century) is a holding company, engaged in the production of primary aluminum and operation of aluminum reduction facilities, or smelters, in the United States and Iceland. The Company operates three United States aluminum smelters, in Hawesville, Kentucky (Hawesville), Robards, Kentucky (Sebree) and Mt.
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