Century Aluminum (NASDAQ:CENX) Reaches New 52-Week High at $18.64

Century Aluminum (NASDAQ:CENX) shares reached a new 52-week high during trading on Monday . The company traded as high as $18.64 and last traded at $18.09, with a volume of 540152 shares trading hands. The stock had previously closed at $16.48.

Analyst Ratings Changes

A number of research firms have recently commented on CENX. StockNews.com upgraded Century Aluminum from a “sell” rating to a “hold” rating in a research note on Wednesday, February 28th. BMO Capital Markets raised their price objective on 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, B. Riley raised Century Aluminum from a “neutral” rating to a “buy” rating and raised their price objective for the company from $10.00 to $14.00 in a research report on Tuesday, January 9th.

Century Aluminum Trading Down 1.4 %

The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.38 and a current ratio of 1.01. The company has a market cap of $1.62 billion, a P/E ratio of -35.00 and a beta of 2.71. The stock has a 50-day moving average of $12.73 and a two-hundred day moving average of $10.21.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.53. Century Aluminum had a positive return on equity of 5.18% and a negative net margin of 2.05%. The company had revenue of $512.30 million during the quarter, compared to analyst estimates of $514.40 million. On average, equities research analysts predict that Century Aluminum will post -0.16 earnings per share for the current year.

Institutional Trading of Century Aluminum

Institutional investors and hedge funds have recently modified their holdings of the business. GSA Capital Partners LLP bought a new stake in shares of Century Aluminum in the 3rd quarter worth $1,992,000. Schonfeld Strategic Advisors LLC increased its holdings in shares of Century Aluminum by 33.5% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 86,628 shares of the industrial products company’s stock worth $623,000 after purchasing an additional 21,716 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Century Aluminum by 255.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 350,739 shares of the industrial products company’s stock worth $2,522,000 after purchasing an additional 252,095 shares in the last quarter. Allworth Financial LP bought a new stake in shares of Century Aluminum in the 4th quarter worth $68,000. Finally, Dark Forest Capital Management LP increased its holdings in shares of Century Aluminum by 156.3% in the 3rd quarter. Dark Forest Capital Management LP now owns 201,567 shares of the industrial products company’s stock worth $1,449,000 after purchasing an additional 122,915 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.