Today’s Market Runner: Century Aluminum Co’s Stock Is Buy After Reaching 52-Week High

Today's Market Runner: Century Aluminum Co's Stock Is Buy After Reaching 52 Week High

The stock of Century Aluminum Co (NASDAQ:CENX) hit a new 52-week high and has $13.35 target or 30.00% above today’s $10.27 share price. The 7 months bullish chart indicates low risk for the $898.00M company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $13.35 price target is reached, the company will be worth $269.40M 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 213,272 shares traded hands. Century Aluminum Co (NASDAQ:CENX) has risen 17.45% since April 19, 2016 and is uptrending. It has outperformed by 13.59% 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 earned “Hold” rating on Monday, May 2 by Deutsche Bank. The firm earned “Market Perform” rating on Friday, August 7 by Cowen & Co. The firm has “Market Perform” rating by Cowen & Co given on Friday, August 7. The stock has “Market Perform” rating given by Cowen & Co on Friday, April 29. The company was downgraded on Tuesday, February 23 by BMO Capital Markets. The firm has “Neutral” rating given on Friday, October 28 by JP Morgan. The stock of Century Aluminum Co (NASDAQ:CENX) has “Underweight” rating given on Tuesday, August 18 by Morgan Stanley. The stock of Century Aluminum Co (NASDAQ:CENX) has “Neutral” rating given on Monday, November 9 by Nomura. Deutsche Bank downgraded it to “Hold” rating and $7 target price in Monday, October 5 report. The firm earned “Market Perform” rating on Friday, February 19 by Cowen & Co.

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 increased to 1.28 in 2016 Q2. Its up 0.23, from 1.05 in 2016Q1. The ratio increased, 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.
Ls Ltd Llc holds 1,728 shares or 0% of its portfolio. Renaissance Tech Ltd Liability Corp holds 44,699 shares or 0% of its portfolio. Goldman Sachs Gru holds 0% of its portfolio in Century Aluminum Co (NASDAQ:CENX) for 166,547 shares. California Pub Employees Retirement Sys has 0.01% invested in the company for 1.08 million shares. Kennedy Cap Mgmt last reported 0.03% of its portfolio in the stock. D E Shaw Incorporated accumulated 1.63M shares or 0.02% of the stock. Moreover, Tci Wealth Advisors Incorporated has 0% invested in Century Aluminum Co (NASDAQ:CENX) for 114 shares. Weiss Asset Lp last reported 39,492 shares in the company. Susquehanna Limited Liability Partnership accumulated 0% or 126,199 shares. Ifrah Serv, a Arkansas-based fund reported 14,608 shares. Interocean Cap Llc accumulated 0.03% or 18,478 shares. The New York-based Teachers Inc has invested 0.01% in Century Aluminum Co (NASDAQ:CENX). Tower Rech Capital Ltd (Trc) holds 0% or 4,617 shares in its portfolio. Credit Suisse Ag last reported 0% of its portfolio in the stock. Summit Secs Gp Ltd Limited Liability Company last reported 31,548 shares in the company.

More notable 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 with their article: “Why Century Aluminum Co. Shares Fell 35.5% in May” published on June 08, 2016, 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) were released by: Fool.com and their article: “Why Century Aluminum Co’s Stock Popped 17% Today” published on February 17, 2016 as well as Streetinsider.com‘s news article titled: “Actuant (ATU) Taps Century Aluminum’s (CENX) Dillon as CFO” with publication date: November 18, 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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