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

Shares of Century Aluminum (NASDAQ:CENX) hit 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.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CENX shares. StockNews.com raised Century Aluminum from a “sell” rating to a “hold” rating in a research note on Wednesday, February 28th. B. Riley raised Century Aluminum from a “neutral” rating to a “buy” rating and lifted their price target for the company from $10.00 to $14.00 in a research note on Tuesday, January 9th. Finally, BMO Capital Markets lifted their price objective on Century Aluminum from $8.00 to $12.00 and gave the stock a “market perform” rating in a research note 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 company has a 50 day simple moving average of $12.73 and a 200-day simple moving average of $10.21. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of -35.00 and a beta of 2.71.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $0.30 EPS for the quarter, beating the consensus estimate of ($0.23) by $0.53. The firm had revenue of $512.30 million during the quarter, compared to the consensus estimate of $514.40 million. Century Aluminum had a positive return on equity of 5.18% and a negative net margin of 2.05%. As a group, equities research analysts expect that Century Aluminum will post -0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Century Aluminum

Institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC grew its holdings in Century Aluminum by 199.8% during the first quarter. GAMMA Investing LLC now owns 2,878 shares of the industrial products company’s stock worth $44,000 after buying an additional 1,918 shares in the last quarter. State of Wyoming purchased a new position in Century Aluminum in the second quarter worth $28,000. Allworth Financial LP purchased a new position in Century Aluminum in the fourth quarter worth $68,000. Tower Research Capital LLC TRC boosted its position in Century Aluminum by 410.0% in the first quarter. Tower Research Capital LLC TRC now owns 7,324 shares of the industrial products company’s stock worth $73,000 after purchasing an additional 5,888 shares during the last quarter. Finally, Captrust Financial Advisors boosted its position in Century Aluminum by 26.1% in the first quarter. Captrust Financial Advisors now owns 7,395 shares of the industrial products company’s stock worth $195,000 after purchasing an additional 1,529 shares during 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.