Century Aluminum Company (NASDAQ:CENX) was upgraded by research analysts at J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating in a note issued to investors on Monday.

CENX has been the topic of a number of other research reports. Zacks Investment Research cut shares of Century Aluminum from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. BidaskClub cut shares of Century Aluminum from a “buy” rating to a “hold” rating in a research note on Saturday, June 17th. Cowen and Company set a $16.00 price objective on shares of Century Aluminum and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. BMO Capital Markets reissued a “hold” rating and issued a $14.00 price objective on shares of Century Aluminum in a research note on Wednesday, April 26th. Finally, Deutsche Bank AG raised shares of Century Aluminum from a “sell” rating to a “hold” rating and boosted their price objective for the stock from $10.00 to $15.00 in a research note on Friday, June 23rd. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Century Aluminum has a consensus rating of “Hold” and an average target price of $14.20.

Century Aluminum (NASDAQ:CENX) opened at 15.01 on Monday. The firm’s 50-day moving average price is $16.02 and its 200 day moving average price is $14.44. The firm’s market cap is $1.31 billion. Century Aluminum has a 12-month low of $5.53 and a 12-month high of $19.08.

Century Aluminum (NASDAQ:CENX) last posted its earnings results on Wednesday, August 2nd. The industrial products company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by $0.28. The company had revenue of $388.80 million for the quarter, compared to the consensus estimate of $398.33 million. Century Aluminum had a negative return on equity of 5.61% and a negative net margin of 16.48%. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.05) EPS. Analysts forecast that Century Aluminum will post $0.44 earnings per share for the current fiscal year.

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In related news, insider Michael A. Bless sold 27,618 shares of the business’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $14.88, for a total value of $410,955.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.50% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Clinton Group Inc. acquired a new stake in shares of Century Aluminum during the first quarter valued at $143,000. Mason Street Advisors LLC raised its position in Century Aluminum by 7.2% in the first quarter. Mason Street Advisors LLC now owns 11,629 shares of the industrial products company’s stock valued at $148,000 after buying an additional 783 shares during the last quarter. State of Alaska Department of Revenue raised its position in Century Aluminum by 78.8% in the second quarter. State of Alaska Department of Revenue now owns 9,816 shares of the industrial products company’s stock valued at $152,000 after buying an additional 4,326 shares during the last quarter. BlueCrest Capital Management Ltd purchased a new position in Century Aluminum during the second quarter valued at about $160,000. Finally, 361 Capital LLC purchased a new position in Century Aluminum during the first quarter valued at about $162,000. 65.17% of the stock is currently owned by institutional investors.

Century Aluminum Company Profile

Century Aluminum Company (Century) is a holding company, which is a producer of primary aluminum and operates aluminum reduction facilities, or smelters, in the United States and Iceland. The Company operates through primary aluminum segment. The Company’s primary aluminum facilities produce standard grade primary aluminum products.

Analyst Recommendations for Century Aluminum (NASDAQ:CENX)

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