Century Aluminum (NASDAQ:CENX) Downgraded to Sell Rating by StockNews.com

StockNews.com downgraded shares of Century Aluminum (NASDAQ:CENX) from a hold rating to a sell rating in a research report sent to investors on Friday morning.

Several other equities analysts have also weighed in on CENX. BMO Capital Markets cut their target price on Century Aluminum from $17.00 to $15.00 and set a “market perform” rating on the stock in a research note on Friday, August 9th. B. Riley lowered their price target on Century Aluminum from $24.00 to $22.00 and set a “buy” rating for the company in a research note on Friday, August 9th.

Century Aluminum Trading Down 2.4 %

CENX opened at $17.22 on Friday. The firm has a 50 day simple moving average of $15.51 and a 200 day simple moving average of $16.19. Century Aluminum has a fifty-two week low of $6.25 and a fifty-two week high of $21.37. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 8.28 and a beta of 2.47. 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 (NASDAQ:CENX) last issued its earnings results on Thursday, August 8th. The industrial products company reported ($0.03) 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 the consensus estimate of $530.90 million. Century Aluminum had a net margin of 10.32% and a negative return on equity of 0.04%. On average, sell-side analysts anticipate that Century Aluminum will post 0.07 earnings per share for the current year.

Institutional Trading of Century Aluminum

A number of large investors have recently made changes to their positions in CENX. Covestor Ltd grew its stake in Century Aluminum by 13,746.2% in the first quarter. Covestor Ltd now owns 1,800 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 1,787 shares during the period. Quest Partners LLC lifted its holdings in shares of 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 purchasing an additional 1,385 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Century Aluminum by 39.6% in the 3rd quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company’s stock valued at $71,000 after purchasing an additional 1,233 shares during the period. Russell Investments Group Ltd. increased its stake in Century Aluminum by 7,779.8% during the 1st quarter. Russell Investments Group Ltd. now owns 7,013 shares of the industrial products company’s stock worth $108,000 after purchasing an additional 6,924 shares in the last quarter. Finally, Capstone Investment Advisors LLC bought a new stake in Century Aluminum during the 1st quarter worth approximately $161,000. Institutional investors own 61.59% of the company’s stock.

Century Aluminum Company Profile

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.