The stock of Century Aluminum Co (NASDAQ:CENX) hit a new 52-week high and has $14.90 target or 50.00% above today’s $9.93 share price. The 9 months bullish chart indicates low risk for the $896.55 million company. The 1-year high was reported on Nov, 14 by Barchart.com. If the $14.90 price target is reached, the company will be worth $448.28 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 427,492 shares traded hands. Century Aluminum Co (NASDAQ:CENX) has risen 37.95% since April 12, 2016 and is uptrending. It has outperformed by 32.97% the S&P500.
Century Aluminum Co (NASDAQ:CENX) Ratings Coverage
Out of 5 analysts covering Century Aluminum Company (NASDAQ:CENX), 0 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 0 are positive. Century Aluminum Company has been the topic of 14 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by JP Morgan given on Friday, October 28. On Friday, February 19 the stock rating was maintained by Cowen & Co with “Market Perform”. Cowen & Co maintained Century Aluminum Co (NASDAQ:CENX) rating on Friday, August 7. Cowen & Co has “Market Perform” rating and $7 price target. As per Monday, May 2, the company rating was maintained by Deutsche Bank. The stock has “Market Perform” rating given by BMO Capital Markets on Tuesday, February 23. On Friday, April 29 the stock rating was maintained by Cowen & Co with “Market Perform”. The stock of Century Aluminum Co (NASDAQ:CENX) has “Underweight” rating given on Tuesday, August 18 by Morgan Stanley. Nomura downgraded the stock to “Neutral” rating in Monday, November 9 report. Deutsche Bank downgraded the shares of CENX in a report on Monday, October 5 to “Hold” rating. Cowen & Co maintained the stock with “Market Perform” rating in Friday, August 7 report.
According to Zacks Investment Research, “Century Aluminum Company is a producer of primary aluminum. Century’s principal subsidiary, Century Aluminum of West Virginia, Inc. owns and operates a reduction facility, located on the Ohio River.”
Insitutional Activity: The institutional sentiment decreased to 1.05 in Q2 2016. Its down 0.36, from 1.41 in 2016Q1. The ratio turned negative, as 24 funds sold all Century Aluminum Co shares owned while 38 reduced positions. 17 funds bought stakes while 48 increased positions. They now own 46.69 million shares or 3.17% less from 48.22 million shares in 2016Q1.
Profund Advsrs Lc accumulated 0.01% or 16,396 shares. Interocean Cap Ltd holds 0.03% or 18,478 shares in its portfolio. The Pennsylvania-based Sei Invests has invested 0.01% in Century Aluminum Co (NASDAQ:CENX). Jacobs Levy Equity Mgmt, a New Jersey-based fund reported 56,900 shares. Los Angeles Cap & Equity last reported 0% of its portfolio in the stock. Moreover, Manufacturers Life Ins The has 0% invested in Century Aluminum Co (NASDAQ:CENX) for 36,018 shares. Legal And General Grp Public Limited accumulated 0% or 9,201 shares. Teacher Retirement System Of Texas has 7,246 shares for 0% of their US portfolio. Royal Bank Of Canada has 71,887 shares for 0% of their US portfolio. Us Bank De holds 0% or 276 shares in its portfolio. Comerica Bancorp owns 49,317 shares or 0% of their US portfolio. Swiss Bank has invested 0% of its portfolio in Century Aluminum Co (NASDAQ:CENX). Moreover, Morgan Stanley has 0% invested in Century Aluminum Co (NASDAQ:CENX) for 260,917 shares. Victory Cap has 2.21 million shares for 0.06% of their US portfolio. Mesirow Financial Invest holds 1.06M shares or 0.39% of its portfolio.
More important recent Century Aluminum Co (NASDAQ:CENX) news were published by: Fool.com which released: “Why Shares of Century Aluminum Co. Are Rising 12% Today” on November 09, 2016, also Fool.com published article titled: “Why Century Aluminum Co. Shares Fell 35.5% in May”, Fool.com published: “Why Century Aluminum Co, Alcoa Inc, and Freeport-McMoRan Inc All Popped Today” on February 22, 2016. More interesting news about Century Aluminum Co (NASDAQ:CENX) was released by: Fool.com and their article: “Why Century Aluminum Co’s Stock Popped 17% Today” with publication date: February 17, 2016.
CENX Company Profile
Century Aluminum Company (Century), incorporated on February 20, 1981, 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 Firm operates through primary aluminum segment. The Company’s primary aluminum facilities produce standard grade primary aluminum products. The Company’s annual primary aluminum production capacity is approximately 1,013,000 tons yearly (tpy). The Company’s principal subsidiaries are Century Kentucky, Inc. (CAKY), Nordural ehf (Nordural), Century Aluminum Sebree LLC (Century Sebree), Century Aluminum of South Carolina (CASC) and Century Aluminum of West Virginia, Inc. (Century of West Virginia). The Company’s CAKY operates a primary aluminum reduction facility in Hawesville, Kentucky (Hawesville). Nordural Grundartangi ehf, a subsidiary of Nordural, operates a primary aluminum reduction facility in Grundartangi, Iceland (Grundartangi). Century Sebree operates a primary aluminum reduction facility in Robards, Kentucky (Sebree). CASC operates a primary aluminum reduction facility in Mt. Holly, South Carolina (Mt. Holly). Nordural Helguvik ehf, a subsidiary of Nordural, owns a greenfield primary aluminum project in Helguvik, Iceland (Helguvik or the Helguvik project).
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