Century Aluminum (NASDAQ:CENX) Stock Price Up 5% – What’s Next?

Shares of Century Aluminum (NASDAQ:CENX) were up 5% during mid-day trading on Wednesday . The company traded as high as $18.08 and last traded at $18.04. Approximately 350,267 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 1,195,951 shares. The stock had previously closed at $17.17.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. BMO Capital Markets boosted their price target on Century Aluminum from $16.00 to $18.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th. B. Riley boosted their target price on shares of Century Aluminum from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Wolfe Research raised shares of Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 price target for the company in a report on Tuesday, December 3rd. Finally, StockNews.com upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a report on Saturday, November 9th.

Century Aluminum Stock Performance

The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 6.11 and a beta of 2.53. The company has a current ratio of 1.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.71. The stock has a 50-day simple moving average of $20.21 and a 200-day simple moving average of $17.60.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.31. The firm had revenue of $539.10 million for the quarter, compared to analysts’ expectations of $587.10 million. Century Aluminum had a net margin of 14.60% and a return on equity of 11.37%. During the same period in the prior year, the company posted ($0.13) earnings per share. On average, analysts anticipate that Century Aluminum will post 0.62 earnings per share for the current year.

Insider Transactions at Century Aluminum

In other news, CEO Jesse E. Gary sold 29,243 shares of Century Aluminum stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $18.97, for a total value of $554,739.71. Following the completion of the transaction, the chief executive officer now directly owns 50,753 shares of the company’s stock, valued at approximately $962,784.41. The trade was a 36.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.68% of the company’s stock.

Hedge Funds Weigh In On Century Aluminum

A number of large investors have recently bought and sold shares of the business. FNY Investment Advisers LLC bought a new position in shares of Century Aluminum during the fourth quarter valued at approximately $54,000. Nisa Investment Advisors LLC grew its stake in Century Aluminum by 159.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,256 shares of the industrial products company’s stock worth $59,000 after buying an additional 2,000 shares during the last quarter. GAMMA Investing LLC grew its stake in Century Aluminum by 39.6% during the 3rd quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company’s stock worth $71,000 after buying an additional 1,233 shares during the last quarter. Olympiad Research LP acquired a new stake in Century Aluminum in the third quarter worth $180,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Century Aluminum in the third quarter valued at $189,000. 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.