Century Aluminum (NASDAQ:CENX) Given New $28.00 Price Target at B. Riley

Century Aluminum (NASDAQ:CENX) had its price objective raised by B. Riley from $25.00 to $28.00 in a research note published on Tuesday, MarketBeat reports. The brokerage currently has a buy rating on the industrial products company’s stock.

A number of other research analysts have also weighed in on CENX. Zacks Research upgraded shares of Century Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 18th. Wall Street Zen lowered Century Aluminum from a “buy” rating to a “hold” rating in a report on Sunday, August 3rd. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Century Aluminum in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $25.67.

Century Aluminum Stock Up 0.0%

Shares of NASDAQ CENX opened at $21.74 on Tuesday. The business’s fifty day moving average price is $21.51 and its 200-day moving average price is $18.88. Century Aluminum has a one year low of $11.63 and a one year high of $25.39. The stock has a market capitalization of $2.03 billion, a PE ratio of 18.74 and a beta of 2.55. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.75 and a quick ratio of 0.61.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings data on Thursday, August 7th. The industrial products company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.34 by ($0.39). The business had revenue of $628.10 million for the quarter, compared to analysts’ expectations of $606.10 million. Century Aluminum had a net margin of 4.94% and a return on equity of 18.02%. On average, equities research analysts anticipate that Century Aluminum will post 2.76 EPS for the current year.

Insider Buying and Selling at Century Aluminum

In other news, SVP Matt Aboud sold 12,027 shares of the company’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $23.27, for a total value of $279,868.29. Following the transaction, the senior vice president owned 62,589 shares of the company’s stock, valued at approximately $1,456,446.03. This represents a 16.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.68% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CENX. Boston Partners grew its position in Century Aluminum by 340.1% in the second quarter. Boston Partners now owns 1,733,668 shares of the industrial products company’s stock worth $31,248,000 after acquiring an additional 1,339,744 shares in the last quarter. Sourcerock Group LLC lifted its stake in Century Aluminum by 612.0% during the second quarter. Sourcerock Group LLC now owns 1,424,088 shares of the industrial products company’s stock worth $25,662,000 after purchasing an additional 1,224,088 shares during the last quarter. Woodline Partners LP purchased a new position in shares of Century Aluminum in the 1st quarter worth about $19,317,000. Nuveen LLC bought a new position in shares of Century Aluminum during the 1st quarter valued at about $14,726,000. Finally, Encompass Capital Advisors LLC purchased a new position in shares of Century Aluminum during the 1st quarter valued at about $13,920,000. Hedge funds and other 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.