Century Aluminum (NASDAQ:CENX) Stock Rating Lowered by StockNews.com

Century Aluminum (NASDAQ:CENX) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

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

Century Aluminum Trading Up 0.2 %

CENX stock traded up $0.04 during midday trading on Tuesday, reaching $16.27. The company’s stock had a trading volume of 1,247,217 shares, compared to its average volume of 1,372,987. Century Aluminum has a 1 year low of $5.70 and a 1 year high of $21.37. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 7.46 and a beta of 2.48. The stock has a fifty day simple moving average of $14.12 and a two-hundred day simple moving average of $15.93. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.63 and a current ratio of 1.72.

Century Aluminum (NASDAQ:CENX) last posted its quarterly 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 company had revenue of $560.80 million during 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%. On average, equities research analysts predict that Century Aluminum will post 0.07 EPS for the current year.

Hedge Funds Weigh In On Century Aluminum

Hedge funds and other institutional investors have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Century Aluminum by 911.3% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 17,000 shares of the industrial products company’s stock worth $285,000 after buying an additional 15,319 shares during the period. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Century Aluminum during the 2nd quarter worth $704,000. Impala Asset Management LLC lifted its stake in shares of Century Aluminum by 20.6% during the 2nd quarter. Impala Asset Management LLC now owns 850,000 shares of the industrial products company’s stock worth $14,238,000 after purchasing an additional 145,000 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Century Aluminum by 5.0% during the second quarter. The Manufacturers Life Insurance Company now owns 27,893 shares of the industrial products company’s stock valued at $467,000 after purchasing an additional 1,335 shares in the last quarter. Finally, Encompass Capital Advisors LLC grew its stake in Century Aluminum by 1,208.7% in the second quarter. Encompass Capital Advisors LLC now owns 1,401,638 shares of the industrial products company’s stock valued at $23,477,000 after purchasing an additional 1,294,538 shares during the last quarter. 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.