Century Aluminum (NASDAQ:CENX) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Century Aluminum (NASDAQ:CENX) from a sell rating to a hold rating in a research report released on Thursday morning.

Several other research firms also recently commented on CENX. BMO Capital Markets dropped their price objective on shares of Century Aluminum from $17.00 to $15.00 and set a market perform rating on the stock in a report on Friday, August 9th. B. Riley decreased their target price on shares of Century Aluminum from $24.00 to $22.00 and set a buy rating for the company in a research report on Friday, August 9th.

Century Aluminum Stock Performance

Shares of CENX stock opened at $17.31 on Thursday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.72 and a quick ratio of 0.63. The business has a fifty day moving average of $14.36 and a 200 day moving average of $16.10. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 8.32 and a beta of 2.48. Century Aluminum has a 1 year low of $5.70 and a 1 year high of $21.37.

Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings data on Thursday, August 8th. The industrial products company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.05). The firm had revenue of $560.80 million during the quarter, compared to analysts’ expectations of $530.90 million. Century Aluminum had a negative return on equity of 0.04% and a net margin of 10.32%. As a group, research analysts expect that Century Aluminum will post 0.07 earnings per share for the current year.

Institutional Investors Weigh In On Century Aluminum

Several hedge funds have recently bought and sold shares of CENX. MQS Management LLC increased its holdings in shares of Century Aluminum by 8.1% during the 2nd quarter. MQS Management LLC now owns 11,792 shares of the industrial products company’s stock valued at $198,000 after purchasing an additional 883 shares in the last quarter. Texas Permanent School Fund Corp grew its position in Century Aluminum by 2.5% during the first quarter. Texas Permanent School Fund Corp now owns 45,288 shares of the industrial products company’s stock valued at $697,000 after buying an additional 1,102 shares during the period. GAMMA Investing LLC increased its holdings in Century Aluminum by 39.6% in the third quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company’s stock valued at $71,000 after buying an additional 1,233 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Century Aluminum by 5.0% in the second quarter. The Manufacturers Life Insurance Company now owns 27,893 shares of the industrial products company’s stock worth $467,000 after acquiring an additional 1,335 shares during the period. Finally, Quest Partners LLC boosted its stake in shares of Century Aluminum by 104.1% during the 2nd quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 1,385 shares in the last quarter. Hedge funds and other institutional investors own 61.59% of the company’s stock.

Century Aluminum Company Profile

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.