Shares of Century Aluminum Company (NASDAQ:CENX) gapped up before the market opened on Monday . The stock had previously closed at $14.22, but opened at $15.01. Century Aluminum shares last traded at $16.16, with a volume of 3,125,497 shares traded.

CENX has been the subject of a number of recent analyst reports. BMO Capital Markets reissued a “hold” rating and set a $14.00 price target on shares of Century Aluminum in a research report on Wednesday, April 26th. Cowen and Company raised their price target on shares of Century Aluminum from $11.00 to $16.00 and gave the stock a “market perform” rating in a research report on Thursday, April 27th. BidaskClub raised shares of Century Aluminum from a “hold” rating to a “buy” rating in a research report on Friday, June 9th. Zacks Investment Research raised shares of Century Aluminum from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Wednesday, June 14th. Finally, Deutsche Bank AG raised shares of Century Aluminum from a “sell” rating to a “hold” rating and raised their price target for the stock from $10.00 to $15.00 in a research report on Friday, June 23rd. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Century Aluminum currently has an average rating of “Hold” and a consensus target price of $17.20.

The company’s market capitalization is $1.41 billion. The firm has a 50 day moving average price of $16.04 and a 200-day moving average price of $14.43.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.28. The company had revenue of $388.80 million during the quarter, compared to analysts’ expectations of $398.33 million. Century Aluminum had a negative return on equity of 5.61% and a negative net margin of 16.48%. The company’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.05) EPS. On average, analysts expect that Century Aluminum Company will post $0.44 EPS for the current fiscal year.

In other Century Aluminum news, insider Michael A. Bless sold 27,618 shares of the firm’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $14.88, for a total value of $410,955.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.50% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of CENX. Clinton Group Inc. bought a new position in Century Aluminum during the first quarter worth about $143,000. Mason Street Advisors LLC boosted its position in Century Aluminum by 7.2% in the first quarter. Mason Street Advisors LLC now owns 11,629 shares of the industrial products company’s stock worth $148,000 after buying an additional 783 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Century Aluminum by 78.8% in the second quarter. State of Alaska Department of Revenue now owns 9,816 shares of the industrial products company’s stock worth $152,000 after buying an additional 4,326 shares in the last quarter. BlueCrest Capital Management Ltd bought a new position in Century Aluminum during the second quarter worth about $160,000. Finally, 361 Capital LLC bought a new position in Century Aluminum during the first quarter worth about $162,000. 65.17% of the stock is owned by institutional investors and hedge funds.

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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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