Century Aluminum (NASDAQ:CENX) Trading Up 3.6%

Shares of Century Aluminum (NASDAQ:CENX) traded up 3.6% during trading on Wednesday . The stock traded as high as $18.37 and last traded at $18.13. 247,088 shares traded hands during trading, a decline of 83% from the average session volume of 1,446,345 shares. The stock had previously closed at $17.50.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. B. Riley upgraded shares of Century Aluminum from a “neutral” rating to a “buy” rating and increased their price objective for the company from $10.00 to $14.00 in a research report on Tuesday, January 9th. BMO Capital Markets increased their price objective on shares of Century Aluminum from $8.00 to $12.00 and gave the company a “market perform” rating in a research report on Wednesday, December 20th. Finally, StockNews.com upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a research report on Wednesday, February 28th.

Century Aluminum Price Performance

The company’s fifty day moving average price is $12.73 and its 200-day moving average price is $10.21. The company has a quick ratio of 0.38, a current ratio of 1.01 and a debt-to-equity ratio of 1.25.

Century Aluminum (NASDAQ:CENX) last released its earnings results on Wednesday, February 21st. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.53. The firm had revenue of $512.30 million during the quarter, compared to analyst estimates of $514.40 million. Century Aluminum had a negative net margin of 2.05% and a positive return on equity of 5.18%. Research analysts forecast that Century Aluminum will post -0.16 EPS for the current year.

Institutional Investors Weigh In On Century Aluminum

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Yousif Capital Management LLC lifted its holdings in Century Aluminum by 1.9% during the 1st quarter. Yousif Capital Management LLC now owns 46,644 shares of the industrial products company’s stock valued at $1,227,000 after buying an additional 874 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Century Aluminum by 3.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 31,968 shares of the industrial products company’s stock valued at $389,000 after buying an additional 1,022 shares in the last quarter. Comerica Bank lifted its holdings in Century Aluminum by 4.8% during the 4th quarter. Comerica Bank now owns 25,829 shares of the industrial products company’s stock valued at $314,000 after buying an additional 1,193 shares in the last quarter. LPL Financial LLC lifted its holdings in Century Aluminum by 10.5% during the 2nd quarter. LPL Financial LLC now owns 15,833 shares of the industrial products company’s stock valued at $138,000 after buying an additional 1,500 shares in the last quarter. Finally, Captrust Financial Advisors lifted its holdings in Century Aluminum by 26.1% during the 1st quarter. Captrust Financial Advisors now owns 7,395 shares of the industrial products company’s stock valued at $195,000 after buying an additional 1,529 shares in the last quarter. 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.