Century Aluminum Company (CENX) Hits New 1-Year High at $20.56
Century Aluminum Company (NASDAQ:CENX) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $20.56 and last traded at $20.56, with a volume of 2,765,570 shares trading hands. The stock had previously closed at $19.52.
A number of brokerages recently weighed in on CENX. BidaskClub lowered Century Aluminum from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Zacks Investment Research raised Century Aluminum from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Wednesday, June 14th. Deutsche Bank AG raised Century Aluminum from a “sell” rating to a “hold” rating and upped their price objective for the stock from $10.00 to $15.00 in a report on Friday, June 23rd. BMO Capital Markets reaffirmed a “hold” rating and set a $14.00 price objective on shares of Century Aluminum in a report on Sunday, July 2nd. Finally, J P Morgan Chase & Co raised Century Aluminum from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $15.00 to $22.00 in a report on Monday, August 21st. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $17.20.
The firm has a 50-day moving average price of $16.68 and a 200 day moving average price of $14.64. The firm’s market cap is $1.80 billion.
Century Aluminum (NASDAQ:CENX) last posted its earnings results on Wednesday, August 2nd. The industrial products company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.29 by $0.28. Century Aluminum had a negative net margin of 16.48% and a negative return on equity of 5.61%. The business had revenue of $388.80 million during the quarter, compared to analyst estimates of $398.33 million. During the same quarter in the prior year, the business earned ($0.05) earnings per share. The firm’s revenue was up 19.0% compared to the same quarter last year. On average, equities research analysts expect that Century Aluminum Company will post $0.46 EPS for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Clinton Group Inc. acquired a new stake in Century Aluminum in the 1st quarter valued at approximately $143,000. Mason Street Advisors LLC increased its position in Century Aluminum by 7.2% in the 1st quarter. Mason Street Advisors LLC now owns 11,629 shares of the industrial products company’s stock valued at $148,000 after acquiring an additional 783 shares during the period. State of Alaska Department of Revenue increased its position in Century Aluminum by 78.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 9,816 shares of the industrial products company’s stock valued at $152,000 after acquiring an additional 4,326 shares during the period. BlueCrest Capital Management Ltd acquired a new stake in Century Aluminum in the 2nd quarter valued at approximately $160,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in Century Aluminum in the 2nd quarter valued at approximately $168,000. Hedge funds and other institutional investors own 67.18% of the company’s stock.
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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