ValuEngine upgraded shares of Century Aluminum (NASDAQ:CENX) from a hold rating to a buy rating in a research report sent to investors on Tuesday, ValuEngine reports.

Separately, BidaskClub raised Century Aluminum from a hold rating to a buy rating in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $11.33.

NASDAQ:CENX traded down $0.12 during mid-day trading on Tuesday, reaching $6.19. 15,199 shares of the stock were exchanged, compared to its average volume of 1,397,987. The company has a current ratio of 2.23, a quick ratio of 0.72 and a debt-to-equity ratio of 0.40. The business has a fifty day moving average price of $7.41 and a 200 day moving average price of $6.83. Century Aluminum has a 1-year low of $5.02 and a 1-year high of $9.98. The firm has a market capitalization of $568.90 million, a PE ratio of -3.92 and a beta of 1.97.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings data on Tuesday, November 5th. The industrial products company reported ($0.39) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.30) by ($0.09). The business had revenue of $438.00 million for the quarter, compared to the consensus estimate of $459.07 million. Century Aluminum had a negative net margin of 7.47% and a negative return on equity of 22.27%. The business’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter last year, the business posted $0.02 EPS. On average, sell-side analysts forecast that Century Aluminum will post -1.43 earnings per share for the current year.

In other news, COO Jesse E. Gary sold 22,693 shares of the company’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $7.82, for a total value of $177,459.26. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Michael A. Bless sold 25,000 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $7.55, for a total transaction of $188,750.00. The disclosure for this sale can be found here. Insiders sold 62,937 shares of company stock valued at $493,649 in the last 90 days. Corporate insiders own 1.03% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC grew its position in Century Aluminum by 1,471.5% during the third quarter. Tower Research Capital LLC TRC now owns 7,512 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 7,034 shares in the last quarter. Voloridge Investment Management LLC acquired a new position in Century Aluminum in the 3rd quarter valued at approximately $80,000. SG Americas Securities LLC lifted its position in Century Aluminum by 11.2% in the 3rd quarter. SG Americas Securities LLC now owns 15,872 shares of the industrial products company’s stock worth $105,000 after buying an additional 1,604 shares in the last quarter. Private Advisor Group LLC purchased a new stake in Century Aluminum in the 2nd quarter worth approximately $140,000. Finally, State of Tennessee Treasury Department lifted its position in Century Aluminum by 8.5% in the 3rd quarter. State of Tennessee Treasury Department now owns 21,863 shares of the industrial products company’s stock worth $145,000 after buying an additional 1,719 shares in the last quarter. Institutional investors and hedge funds own 52.84% of the company’s stock.

About Century Aluminum

Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum products in the United States and Iceland. The company was founded in 1995 and is headquartered in Chicago, Illinois.

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