Economy

Stock Jumping Abnormally High: Century Aluminum Co. (NASDAQ:CENX)

In recent trading day Century Aluminum Company (CENX) stock showed the move of 2.09% with the closing price of $13.68. The volume of CENX witnessed a shift from 1.64 million shares, based on a 50-day average, to 2.21 million shares. Bridgewater Associates Lp sold 1.02M shares as Vale S A (VALE)'s stock declined 20.71%. Century Aluminum Company (NASDAQ:CENX) has risen 116.20% since December 8, 2016 and is uptrending. It has outperformed by 99.50% the S&P500. It was reported on Dec, 6 by Barchart.com. We have $15.22 PT which if reached, will make NASDAQ:CENX worth $98.40M more.

Century Aluminum C (NASDAQ:CENX)'s revenue estimates for the current quarter are $425.07 Million according to 4 number of analysts, for the current quarter the company has high revenue estimates of $429.19 Million in contradiction of low revenue estimates of $421.1 Million. Mason Street Advsrs Ltd Limited Liability Company invested in 12,266 shares or 0% of the stock. Century Aluminum Company (NASDAQ:CENX) hasconsensus analyst target price is $16.7. They expect $0.28 earnings per share, up 333.33 % or $0.40 from last year's $-0.12 per share. Over the last week of the month, it was 3.25%, -27.62% over the last quarter, and -16.48% for the past six months. Vale S.A. had 72 analyst reports since August 3, 2015 according to SRatingsIntel. It produces standard grade and value-added primary aluminum products; and carbon products, such as anodes and cathodes.

Investors sentiment increased to 1.55 in 2017 Q2.

The stock increased 1.42% or $0.19 during the last trading session, reaching $13.59. The stock closing price is now trading downward to its 50 day moving average with change of -8.37%, tumbled to its 20 day moving average with figure of -1.94% and behind its 200 day moving average with value -9.14%.

Sandy Spring Bank decreased Energy Select Sector Spdr Fund (XLE) stake by 4,821 shares to 45,903 valued at $2.98 million in 2017Q2. D E Shaw Inc reported 1.14M shares. Northern has invested 0% in Century Aluminum Company (NASDAQ:CENX). Cibc Mkts accumulated 24,654 shares. Louisiana State Employees Retirement owns 20,300 shares or 0.02% of their U.S. portfolio. Gabelli Funds Ltd Liability Corp holds 0.02% or 172,000 shares in its portfolio. Qs Investors Ltd Liability has invested 0% of its portfolio in Century Aluminum Company (NASDAQ:CENX).

Century Aluminum Company, together with its subsidiaries, produces primary aluminum in the United States and Iceland.

Point72 Asia (Hong Kong) Limited reported 359 shares stake. Waddell & Reed Inc has invested 0% of its portfolio in Century Aluminum Company (NASDAQ:CENX). Geode Capital Management Ltd Liability Co invested in 0% or 449,692 shares. Pinebridge Investments Lp stated it has 62,965 shares. IndexIQ Advisors LLC lifted its stake in shares of Century Aluminum by 752.8% in the third quarter. Municipal Employees Retirement System of MI now owns 11,730 shares of the industrial products company's stock worth $183,000 after buying an additional 370 shares in the last quarter.

Investors may also want to take a longer-term look at company shares. The insider, BLESS MICHAEL A, now holds 347,334 shares of CENX. Out of 2 Wall Street analysts rating Century Aluminum, 0 give it "Buy", 0 "Sell" rating, while 2 recommend "Hold". Therefore 58% are positive. The company had revenue of $388.80 million for the quarter, compared to analyst estimates of $392.28 million. "Stock Crashed 20% on Thursday" published on August 03, 2017, Fool.com published: "Why Century Aluminum Company Shares Fell 15% in September" on October 03, 2017. As per Monday, May 9, the company rating was downgraded by Societe Generale. On Friday, October 28 the stock rating was upgraded by JP Morgan to "Neutral". The company has a consensus rating of "Hold" and a consensus target price of $17.10. Finally, BidaskClub raised shares of Century Aluminum from a "hold" rating to a "buy" rating in a research report on Thursday, August 24th. Deutsche Bank downgraded Century Aluminum Company (NASDAQ:CENX) rating on Monday, October 5. The total amount of shares outstanding is 86.34 million, giving the company a market capitalization of about 1.18 billion. The firm earned "Market Perform" rating on Tuesday, February 23 by BMO Capital Markets.

Over the past twelve months, Century Aluminum Company (NASDAQ:CENX)'s stock was 59.81%. The firm earned "Hold" rating on Monday, November 13 by RBC Capital Markets.

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