Century Aluminum (NASDAQ:CENX) Shares Gap Down to $17.75

Century Aluminum (NASDAQ:CENX) shares gapped down prior to trading on Tuesday . The stock had previously closed at $17.75, but opened at $17.00. Century Aluminum shares last traded at $16.81, with a volume of 239,824 shares traded.

Wall Street Analyst Weigh In

CENX has been the subject of several research reports. B. Riley raised shares of Century Aluminum from a “neutral” rating to a “buy” rating and upped their price target for the stock from $10.00 to $14.00 in a research report on Tuesday, January 9th. Wolfe Research upgraded shares of Century Aluminum from an “underperform” rating to a “peer perform” rating in a research note on Monday, December 18th. BMO Capital Markets increased their price objective on shares of Century Aluminum from $8.00 to $12.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 20th. Finally, StockNews.com upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a research note on Wednesday, February 28th.

Century Aluminum Trading Down 2.1 %

The company has a current ratio of 1.01, a quick ratio of 0.38 and a debt-to-equity ratio of 1.25. The company’s fifty day simple moving average is $12.59 and its 200-day simple moving average is $10.14.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $0.30 earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.53. The firm had revenue of $512.30 million for the quarter, compared to the consensus estimate of $514.40 million. Century Aluminum had a negative net margin of 2.05% and a positive return on equity of 5.18%. On average, research analysts anticipate that Century Aluminum will post -0.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Century Aluminum

Hedge funds and other institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP acquired a new stake in Century Aluminum during the third quarter worth about $1,992,000. Schonfeld Strategic Advisors LLC increased its position in shares of Century Aluminum by 33.5% during the third quarter. Schonfeld Strategic Advisors LLC now owns 86,628 shares of the industrial products company’s stock valued at $623,000 after acquiring an additional 21,716 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Century Aluminum by 255.6% during the third quarter. Assenagon Asset Management S.A. now owns 350,739 shares of the industrial products company’s stock valued at $2,522,000 after acquiring an additional 252,095 shares during the last quarter. Allworth Financial LP acquired a new stake in shares of Century Aluminum during the fourth quarter valued at about $68,000. Finally, Dark Forest Capital Management LP increased its position in shares of Century Aluminum by 156.3% during the third quarter. Dark Forest Capital Management LP now owns 201,567 shares of the industrial products company’s stock valued at $1,449,000 after acquiring an additional 122,915 shares during the last quarter. 61.59% of the stock is currently 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.