CENX has been the subject of several other reports. Zacks Investment Research downgraded shares of Century Aluminum from a buy rating to a hold rating in a research report on Tuesday, April 30th. B. Riley set a $15.00 price objective on shares of Century Aluminum and gave the stock a buy rating in a research note on Friday, February 22nd. ValuEngine lowered shares of Century Aluminum from a hold rating to a sell rating in a report on Friday, February 8th. Finally, Morgan Stanley dropped their price objective on shares of Century Aluminum from $10.00 to $9.00 and set an equal weight rating on the stock in a report on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $12.14.
Century Aluminum stock traded down $0.08 during midday trading on Wednesday, reaching $6.22. 1,576,765 shares of the company’s stock were exchanged, compared to its average volume of 1,416,715. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.68 and a current ratio of 2.11. The stock has a market capitalization of $551.51 million, a P/E ratio of -44.43 and a beta of 1.77. Century Aluminum has a 52 week low of $5.37 and a 52 week high of $17.41.
Century Aluminum (NASDAQ:CENX) last released its quarterly earnings results on Tuesday, April 30th. The industrial products company reported ($0.70) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.71) by $0.01. Century Aluminum had a negative net margin of 5.29% and a negative return on equity of 9.33%. The company had revenue of $490.00 million during the quarter, compared to the consensus estimate of $482.58 million. During the same period in the previous year, the business earned ($0.04) earnings per share. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. Research analysts forecast that Century Aluminum will post -0.89 earnings per share for the current year.
In other Century Aluminum news, insider Michael A. Bless sold 25,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $8.96, for a total value of $224,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.03% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of CENX. Elm Ridge Management LLC grew its holdings in shares of Century Aluminum by 38.7% during the 1st quarter. Elm Ridge Management LLC now owns 189,428 shares of the industrial products company’s stock valued at $1,682,000 after purchasing an additional 52,818 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its holdings in Century Aluminum by 1,473.7% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,485 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 4,200 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in Century Aluminum in the 1st quarter worth $3,781,000. SEI Investments Co grew its holdings in Century Aluminum by 583.2% in the 1st quarter. SEI Investments Co now owns 10,398 shares of the industrial products company’s stock worth $91,000 after acquiring an additional 8,876 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in Century Aluminum by 19.9% in the 1st quarter. Hsbc Holdings PLC now owns 14,267 shares of the industrial products company’s stock worth $126,000 after acquiring an additional 2,372 shares during the last quarter. Hedge funds and other institutional investors own 53.44% of the company’s stock.
About Century Aluminum
Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum products in the United States and Iceland. The company was founded in 1995 and is headquartered in Chicago, Illinois.
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