Century Aluminum (NASDAQ:CENX) Shares Gap Up to $13.64

Shares of Century Aluminum (NASDAQ:CENX) gapped up before the market opened on Monday . The stock had previously closed at $13.64, but opened at $13.95. Century Aluminum shares last traded at $14.03, with a volume of 194,014 shares trading hands.

Analysts Set New Price Targets

CENX has been the topic of a number of recent analyst reports. 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. B. Riley reduced their target price on Century Aluminum from $24.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, StockNews.com raised Century Aluminum from a “sell” rating to a “hold” rating in a report on Monday, August 12th.

Century Aluminum Trading Down 2.3 %

The company has a current ratio of 1.72, a quick ratio of 0.63 and a debt-to-equity ratio of 0.77. The stock has a market cap of $1.32 billion, a P/E ratio of 6.62 and a beta of 2.48. The business’s fifty day simple moving average is $14.65 and its 200 day simple moving average is $15.65.

Century Aluminum (NASDAQ:CENX) last announced its earnings results on Thursday, August 8th. The industrial products company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). The company had revenue of $560.80 million for the quarter, compared to analyst estimates of $530.90 million. Century Aluminum had a negative return on equity of 0.04% and a net margin of 10.32%. As a group, analysts expect that Century Aluminum will post 0.07 EPS for the current year.

Insider Buying and Selling at Century Aluminum

In other news, CEO Jesse E. Gary sold 60,000 shares of the business’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $16.21, for a total transaction of $972,600.00. Following the completion of the sale, the chief executive officer now owns 62,447 shares in the company, valued at $1,012,265.87. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Century Aluminum

Institutional investors have recently modified their holdings of the business. Los Angeles Capital Management LLC bought a new position in Century Aluminum in the first quarter valued at approximately $2,058,000. GSA Capital Partners LLP lifted its stake in shares of Century Aluminum by 314.4% in the 1st quarter. GSA Capital Partners LLP now owns 109,004 shares of the industrial products company’s stock valued at $1,678,000 after purchasing an additional 82,703 shares during the period. SG Americas Securities LLC bought a new position in shares of Century Aluminum in the 1st quarter worth $601,000. BNP Paribas Financial Markets grew its stake in shares of Century Aluminum by 43.4% during the first quarter. BNP Paribas Financial Markets now owns 230,860 shares of the industrial products company’s stock worth $3,553,000 after purchasing an additional 69,910 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in Century Aluminum by 125.7% in the second quarter. Assenagon Asset Management S.A. now owns 531,679 shares of the industrial products company’s stock valued at $8,906,000 after purchasing an additional 296,101 shares during the last quarter. Institutional investors and hedge funds 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.