Century Aluminum (NASDAQ:CENX – Get Free Report)’s share price shot up 3.6% on Wednesday . The company traded as high as $18.37 and last traded at $18.13. 247,088 shares traded hands during trading, a decline of 83% from the average session volume of 1,446,345 shares. The stock had previously closed at $17.50.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on CENX. B. Riley raised shares of Century Aluminum from a “neutral” rating to a “buy” rating and upped their target price for the stock from $10.00 to $14.00 in a report on Tuesday, January 9th. StockNews.com raised shares of Century Aluminum from a “sell” rating to a “hold” rating in a report on Wednesday, February 28th.
Read Our Latest Research Report on Century Aluminum
Century Aluminum Stock Down 0.5 %
Century Aluminum (NASDAQ:CENX – Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.53. The firm had revenue of $512.30 million for the quarter, compared to analyst estimates of $514.40 million. Century Aluminum had a negative net margin of 2.05% and a positive return on equity of 5.18%. As a group, research analysts anticipate that Century Aluminum will post -0.16 earnings per share for the current year.
Hedge Funds Weigh In On Century Aluminum
A number of institutional investors have recently made changes to their positions in CENX. State of Wyoming purchased a new stake in shares of Century Aluminum in the 2nd quarter valued at $28,000. GAMMA Investing LLC boosted its stake in shares of Century Aluminum by 199.8% in the 1st quarter. GAMMA Investing LLC now owns 2,878 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 1,918 shares in the last quarter. Commonwealth Equity Services LLC purchased a new stake in shares of Century Aluminum in the 3rd quarter valued at $53,000. Quantbot Technologies LP purchased a new stake in shares of Century Aluminum in the 2nd quarter valued at $57,000. Finally, Strs Ohio boosted its stake in shares of Century Aluminum by 625.0% in the 3rd quarter. Strs Ohio now owns 8,700 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 7,500 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.
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