Century Aluminum (NASDAQ:CENX) Rating Lowered to “Sell” at StockNews.com

StockNews.com lowered shares of Century Aluminum (NASDAQ:CENX) from a hold rating to a sell rating in a research note released on Friday morning.

Other equities analysts have also recently issued reports about the stock. BMO Capital Markets cut their target price on shares of Century Aluminum from $17.00 to $15.00 and set a “market perform” rating for the company in a research note on Friday, August 9th. B. Riley cut their price objective on Century Aluminum from $24.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, August 9th.

Century Aluminum Stock Performance

Shares of NASDAQ CENX opened at $17.54 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.72 and a quick ratio of 0.63. Century Aluminum has a 1 year low of $6.25 and a 1 year high of $21.37. The firm has a fifty day moving average price of $15.51 and a 200-day moving average price of $16.19. The stock has a market cap of $1.63 billion, a PE ratio of 8.43 and a beta of 2.47.

Century Aluminum (NASDAQ:CENX) last released its earnings results on Thursday, August 8th. The industrial products company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.05). The business had revenue of $560.80 million for the quarter, compared to analysts’ expectations of $530.90 million. Century Aluminum had a negative return on equity of 0.04% and a net margin of 10.32%. Equities analysts anticipate that Century Aluminum will post 0.07 earnings per share for the current fiscal year.

Institutional Trading of Century Aluminum

A number of large investors have recently made changes to their positions in the business. Covestor Ltd raised its position in Century Aluminum by 13,746.2% during the first quarter. Covestor Ltd now owns 1,800 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 1,787 shares during the period. Quest Partners LLC raised its holdings in Century Aluminum by 104.1% during the 2nd quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company’s stock valued at $45,000 after buying an additional 1,385 shares during the period. GAMMA Investing LLC lifted its position in Century Aluminum by 39.6% in the third quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company’s stock worth $71,000 after buying an additional 1,233 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Century Aluminum by 7,779.8% during the first quarter. Russell Investments Group Ltd. now owns 7,013 shares of the industrial products company’s stock worth $108,000 after buying an additional 6,924 shares during the period. Finally, Capstone Investment Advisors LLC bought a new position in Century Aluminum during the first quarter valued at $161,000. 61.59% of the stock is currently owned by institutional investors.

About Century Aluminum

Century Aluminum Company, together with its subsidiaries, engages in the production of standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates an alumina production facility in Iceland, and a carbon anode production facility in the Netherlands.