Century Aluminum (NASDAQ:CENX) Stock Price Up 5.4%

Shares of Century Aluminum (NASDAQ:CENX) shot up 5.4% during trading on Monday . The company traded as high as $14.41 and last traded at $14.40. 212,175 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 1,435,422 shares. The stock had previously closed at $13.66.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. B. Riley reduced their price objective on shares of Century Aluminum from $24.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. BMO Capital Markets reduced their price target on shares of Century Aluminum from $17.00 to $15.00 and set a “market perform” rating on the stock in a research report on Friday, August 9th. Finally, StockNews.com raised shares of Century Aluminum from a “sell” rating to a “hold” rating in a research note on Monday, August 12th.

Century Aluminum Stock Down 2.2 %

The company has a market capitalization of $1.35 billion, a P/E ratio of 6.70 and a beta of 2.52. The company has a 50-day moving average of $15.96 and a two-hundred day moving average of $15.17. The company has a quick ratio of 0.63, a current ratio of 1.67 and a debt-to-equity ratio of 0.77.

Insider Buying and Selling at Century Aluminum

In related news, CEO Jesse E. Gary sold 60,000 shares of the stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $16.21, for a total value of $972,600.00. Following the completion of the transaction, the chief executive officer now directly owns 62,447 shares in the company, valued at approximately $1,012,265.87. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.68% of the company’s stock.

Institutional Trading of Century Aluminum

A number of hedge funds have recently made changes to their positions in CENX. MQS Management LLC boosted its stake in Century Aluminum by 8.1% in the 2nd quarter. MQS Management LLC now owns 11,792 shares of the industrial products company’s stock worth $198,000 after purchasing an additional 883 shares in the last quarter. Texas Permanent School Fund Corp raised its holdings in Century Aluminum by 2.5% in the first quarter. Texas Permanent School Fund Corp now owns 45,288 shares of the industrial products company’s stock worth $697,000 after buying an additional 1,102 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake 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 buying an additional 1,335 shares in the last quarter. Quest Partners LLC grew its holdings in shares of Century Aluminum by 104.1% during the second quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company’s stock valued at $45,000 after buying an additional 1,385 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Century Aluminum by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 366,804 shares of the industrial products company’s stock valued at $6,144,000 after buying an additional 1,641 shares during the last quarter. 61.59% of the stock is owned by institutional investors.

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.