Century Aluminum (NASDAQ:CENX) Shares Gap Down to $17.99

Century Aluminum (NASDAQ:CENX) gapped down before the market opened on Tuesday . The stock had previously closed at $17.99, but opened at $17.25. Century Aluminum shares last traded at $17.61, with a volume of 308,608 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. StockNews.com upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a research report on Wednesday, February 28th. B. Riley raised shares of Century Aluminum from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $10.00 to $14.00 in a research report on Tuesday, January 9th.

Century Aluminum Stock Performance

The company has a debt-to-equity ratio of 1.25, a current ratio of 1.01 and a quick ratio of 0.38. The stock’s 50-day moving average is $13.30 and its two-hundred day moving average is $10.52.

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

Hedge Funds Weigh In On Century Aluminum

Hedge funds have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP bought a new position in Century Aluminum in the 3rd quarter worth about $1,992,000. Schonfeld Strategic Advisors LLC grew its stake in Century Aluminum by 33.5% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 86,628 shares of the industrial products company’s stock worth $623,000 after acquiring an additional 21,716 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Century Aluminum by 255.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 350,739 shares of the industrial products company’s stock worth $2,522,000 after acquiring an additional 252,095 shares in the last quarter. Allworth Financial LP bought a new position in Century Aluminum in the 4th quarter worth about $68,000. Finally, Dark Forest Capital Management LP grew its stake in Century Aluminum by 156.3% in the 3rd quarter. Dark Forest Capital Management LP now owns 201,567 shares of the industrial products company’s stock worth $1,449,000 after acquiring an additional 122,915 shares in the last quarter. 61.59% of the stock is currently owned by institutional investors.

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.