Century Aluminum Company (NASDAQ:CENX)’s share price was down 6.7% on Friday . The stock traded as low as $17.96 and last traded at $18.09. Approximately 2,519,244 shares traded hands during trading, an increase of 4% from the average daily volume of 2,430,250 shares. The stock had previously closed at $19.39.

Several equities analysts have recently weighed in on CENX shares. BidaskClub upgraded shares of Century Aluminum from a “hold” rating to a “buy” rating in a research report on Friday, June 9th. Zacks Investment Research upgraded shares of Century Aluminum from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Wednesday, June 14th. Deutsche Bank AG raised shares of Century Aluminum from a “sell” rating to a “hold” rating and upped their price objective for the company from $10.00 to $15.00 in a research note 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 research note on Sunday, July 2nd. Finally, Cowen and Company set a $16.00 price objective on shares of Century Aluminum and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $17.20.

The company’s market capitalization is $1.58 billion. The stock has a 50 day moving average price of $17.20 and a 200-day moving average price of $15.02. Century Aluminum also was the target of some unusual options trading on Wednesday. Stock traders acquired 15,456 call options on the stock. This represents an increase of approximately 1,268% compared to the average volume of 1,130 call options.

Century Aluminum (NASDAQ:CENX) last released its earnings results on Wednesday, August 2nd. The industrial products company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.28). The firm had revenue of $388.80 million during the quarter, compared to the consensus estimate of $398.33 million. Century Aluminum had a negative net margin of 16.48% and a negative return on equity of 5.61%. The company’s revenue was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.05) EPS. On average, equities research analysts anticipate that Century Aluminum Company will post $0.54 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue lifted its stake 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 in the last quarter. BlueCrest Capital Management Ltd bought a new stake in Century Aluminum in the 2nd quarter valued at approximately $160,000. Piedmont Investment Advisors LLC bought a new stake in Century Aluminum in the 2nd quarter valued at approximately $168,000. Clinton Group Inc. bought a new stake in Century Aluminum in the 1st quarter valued at approximately $143,000. Finally, Mason Street Advisors LLC lifted its stake 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 in the last quarter. Hedge funds and other institutional investors own 67.17% of the company’s stock.

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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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