Century Aluminum (NASDAQ:CENX) Reaches New 12-Month High at $15.05

Century Aluminum (NASDAQ:CENX)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $15.05 and last traded at $14.96, with a volume of 123465 shares changing hands. The stock had previously closed at $14.78.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. StockNews.com upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a research report on Wednesday, February 28th. Wolfe Research upgraded shares of Century Aluminum from an “underperform” rating to a “peer perform” rating in a research report on Monday, December 18th. B. Riley upgraded shares of Century Aluminum from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $10.00 to $14.00 in a research report on Tuesday, January 9th. Finally, BMO Capital Markets boosted their price target on shares of Century Aluminum from $8.00 to $12.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 20th.

Century Aluminum Stock Performance

The company has a quick ratio of 0.38, a current ratio of 1.01 and a debt-to-equity ratio of 1.25. The business’s fifty day moving average is $11.18 and its 200 day moving average is $9.26.

Century Aluminum (NASDAQ:CENX) last released its 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. Century Aluminum had a negative net margin of 2.05% and a positive return on equity of 5.18%. The business had revenue of $512.30 million for the quarter, compared to the consensus estimate of $514.40 million. On average, research analysts expect that Century Aluminum will post -0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CENX. State of Wyoming acquired a new stake in shares of Century Aluminum in the second quarter worth $28,000. Commonwealth Equity Services LLC bought a new stake in shares of Century Aluminum in the 3rd quarter worth about $53,000. Quantbot Technologies LP bought a new stake in Century Aluminum during the 2nd quarter worth about $57,000. Strs Ohio grew its holdings in Century Aluminum by 625.0% during the 3rd quarter. Strs Ohio now owns 8,700 shares of the industrial products company’s stock worth $62,000 after acquiring an additional 7,500 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in Century Aluminum by 35.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 9,107 shares of the industrial products company’s stock worth $65,000 after acquiring an additional 2,405 shares during the last quarter. 61.59% of the stock is owned by hedge funds and other institutional investors.

Century Aluminum Company Profile

Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates a carbon anode production facility in the Netherlands. Century Aluminum Company was founded in 1995 and is headquartered in Chicago, Illinois.