Century Aluminum Company (NASDAQ:CENX) was the target of some unusual options trading on Wednesday. Investors bought 37,157 call options on the company. This is an increase of approximately 1,095% compared to the average daily volume of 3,109 call options.
A number of equities research analysts have recently commented on the company. Zacks Investment Research raised Century Aluminum Company from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Wednesday. BidaskClub raised Century Aluminum Company from a “hold” rating to a “buy” rating in a research report on Friday, June 9th. Cowen and Company lifted their price objective on Century Aluminum Company from $11.00 to $16.00 and gave the company a “market perform” rating in a research report on Thursday, April 27th. BMO Capital Markets reaffirmed a “hold” rating and issued a $14.00 price objective on shares of Century Aluminum Company in a research report on Wednesday, April 26th. Finally, TheStreet raised Century Aluminum Company from a “d+” rating to a “c” rating in a research report on Monday, February 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $13.00.
Shares of Century Aluminum Company (NASDAQ:CENX) opened at 14.35 on Friday. The stock’s market cap is $1.25 billion. Century Aluminum Company has a 52-week low of $5.53 and a 52-week high of $17.28. The firm’s 50-day moving average price is $14.34 and its 200-day moving average price is $12.80.
Century Aluminum Company (NASDAQ:CENX) last posted its quarterly earnings results on Tuesday, April 25th. The industrial products company reported ($0.05) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.10. Century Aluminum Company had a negative net margin of 18.40% and a negative return on equity of 5.85%. The business had revenue of $365.80 million for the quarter, compared to the consensus estimate of $364.33 million. During the same period in the prior year, the business posted ($0.23) earnings per share. Century Aluminum Company’s revenue for the quarter was up 14.7% compared to the same quarter last year. On average, equities research analysts forecast that Century Aluminum Company will post $0.75 earnings per share for the current fiscal year.
In other news, insider Michael A. Bless sold 27,618 shares of Century Aluminum Company stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $14.88, for a total value of $410,955.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of CENX. Dimensional Fund Advisors LP increased its position in Century Aluminum Company by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 7,383,026 shares of the industrial products company’s stock worth $93,690,000 after buying an additional 20,424 shares during the period. Vanguard Group Inc. increased its position in Century Aluminum Company by 2.4% in the first quarter. Vanguard Group Inc. now owns 4,524,482 shares of the industrial products company’s stock worth $57,416,000 after buying an additional 106,570 shares during the period. State Street Corp increased its position in Century Aluminum Company by 19.9% in the first quarter. State Street Corp now owns 4,491,650 shares of the industrial products company’s stock worth $56,998,000 after buying an additional 744,622 shares during the period. Impala Asset Management LLC increased its position in Century Aluminum Company by 143.5% in the first quarter. Impala Asset Management LLC now owns 1,714,144 shares of the industrial products company’s stock worth $21,752,000 after buying an additional 1,010,144 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Century Aluminum Company by 4,279.7% in the first quarter. JPMorgan Chase & Co. now owns 1,610,095 shares of the industrial products company’s stock worth $20,432,000 after buying an additional 1,573,332 shares during the period. 66.59% of the stock is currently owned by institutional investors and hedge funds.
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About Century Aluminum Company
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.
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