Century Aluminum (NASDAQ:CENX) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of Century Aluminum (NASDAQ:CENX) from a hold rating to a buy rating in a research note published on Saturday morning.

Century Aluminum Trading Down 1.1%

NASDAQ:CENX opened at $22.64 on Friday. The stock has a 50-day simple moving average of $18.76 and a 200-day simple moving average of $18.33. The stock has a market cap of $2.11 billion, a P/E ratio of 19.19 and a beta of 2.55. Century Aluminum has a 1 year low of $11.40 and a 1 year high of $25.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.63 and a current ratio of 1.84.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.25). The business had revenue of $633.90 million for the quarter, compared to analyst estimates of $643.80 million. Century Aluminum had a return on equity of 19.06% and a net margin of 5.17%. As a group, analysts anticipate that Century Aluminum will post 2.76 earnings per share for the current fiscal year.

Institutional Trading of Century Aluminum

A number of large investors have recently made changes to their positions in CENX. Jones Financial Companies Lllp acquired a new stake in Century Aluminum during the 1st quarter worth approximately $25,000. Farther Finance Advisors LLC lifted its position in Century Aluminum by 1,291.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,364 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 1,266 shares during the period. New Age Alpha Advisors LLC acquired a new stake in Century Aluminum during the 4th quarter worth approximately $39,000. Caitong International Asset Management Co. Ltd lifted its position in Century Aluminum by 261.8% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 4,020 shares of the industrial products company’s stock worth $75,000 after acquiring an additional 2,909 shares during the period. Finally, GAMMA Investing LLC lifted its position in Century Aluminum by 13.1% during the 1st quarter. GAMMA Investing LLC now owns 5,418 shares of the industrial products company’s stock worth $101,000 after acquiring an additional 628 shares during the period. 61.59% of the stock is owned by institutional investors and hedge funds.

Century Aluminum Company Profile

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.