Century Aluminum (NASDAQ:CENX) Upgraded at Wall Street Zen

Century Aluminum (NASDAQ:CENX) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday.

CENX has been the subject of several other research reports. B. Riley Financial increased their target price on Century Aluminum from $68.00 to $86.00 and gave the stock a “buy” rating in a research report on Tuesday, April 7th. Wells Fargo & Company increased their target price on Century Aluminum from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Weiss Ratings raised Century Aluminum from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. BMO Capital Markets set a $75.00 target price on Century Aluminum and gave the stock an “outperform” rating in a research report on Thursday, April 9th. Finally, Zacks Research lowered Century Aluminum from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Century Aluminum presently has a consensus rating of “Moderate Buy” and an average target price of $80.00.

Century Aluminum Stock Up 0.4%

Shares of NASDAQ:CENX opened at $61.19 on Friday. Century Aluminum has a 52-week low of $16.59 and a 52-week high of $70.43. The firm has a market capitalization of $6.06 billion, a P/E ratio of 18.27 and a beta of 1.90. The stock has a 50 day moving average price of $62.70 and a 200-day moving average price of $51.19. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.36 and a current ratio of 2.30.

Insider Buying and Selling at Century Aluminum

In related news, CEO Jesse E. Gary sold 150,000 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $55.47, for a total value of $8,320,500.00. Following the sale, the chief executive officer owned 142,580 shares in the company, valued at $7,908,912.60. This represents a 51.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.84% of the stock is owned by insiders.

Institutional Trading of Century Aluminum

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp purchased a new stake in shares of Century Aluminum in the 1st quarter worth approximately $25,000. Private Trust Co. NA purchased a new stake in shares of Century Aluminum in the 4th quarter worth approximately $28,000. Hollencrest Capital Management purchased a new stake in shares of Century Aluminum in the 1st quarter worth approximately $29,000. EverSource Wealth Advisors LLC grew its stake in shares of Century Aluminum by 253.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the industrial products company’s stock worth $33,000 after buying an additional 1,306 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of Century Aluminum in the 3rd quarter worth approximately $34,000. Hedge funds and other institutional investors own 61.59% of the company’s stock.

Century Aluminum Company Profile

Century Aluminum Company is a primary aluminum producer that develops and operates smelters designed to supply low-carbon, high-purity aluminum products to a range of industrial and commercial markets. Established in 1995, the company has grown to become a significant North American aluminum producer with an expanding international footprint. Century Aluminum is headquartered in the United States and is focused on energy-efficient operations and cost management.

The company’s core operations include three primary aluminum smelting facilities located in Hawesville, Kentucky; Mount Holly, South Carolina; and Grundartangi, Iceland.