BidaskClub cut shares of Century Aluminum (NASDAQ:CENX) from a hold rating to a sell rating in a report released on Tuesday, June 19th.
A number of other equities research analysts have also weighed in on CENX. Zacks Investment Research lowered Century Aluminum from a strong-buy rating to a hold rating in a research note on Monday, April 30th. Cowen reduced their target price on Century Aluminum from $25.00 to $19.00 and set an outperform rating on the stock in a report on Friday, May 4th. ValuEngine downgraded Century Aluminum from a buy rating to a hold rating in a report on Wednesday, May 23rd. TheStreet downgraded Century Aluminum from a b- rating to a c rating in a report on Thursday, May 3rd. Finally, JPMorgan Chase & Co. downgraded Century Aluminum from an overweight rating to a neutral rating and reduced their target price for the stock from $29.00 to $21.00 in a report on Friday, May 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Century Aluminum has an average rating of Hold and a consensus price target of $22.50.
Shares of Century Aluminum opened at $15.75 on Tuesday, according to Marketbeat Ratings. Century Aluminum has a fifty-two week low of $12.94 and a fifty-two week high of $24.77. The company has a quick ratio of 1.21, a current ratio of 2.88 and a debt-to-equity ratio of 0.30. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 43.75 and a beta of 0.81.
Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings data on Thursday, May 3rd. The industrial products company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.14. Century Aluminum had a return on equity of 4.59% and a net margin of 3.75%. The firm had revenue of $454.50 million during the quarter, compared to analyst estimates of $439.06 million. During the same quarter last year, the firm earned ($0.05) EPS. Century Aluminum’s quarterly revenue was up 24.2% on a year-over-year basis. equities analysts expect that Century Aluminum will post 0.82 earnings per share for the current fiscal year.
In other Century Aluminum news, VP Michelle Harrison sold 14,398 shares of the stock in a transaction that occurred on Thursday, June 7th. The stock was sold at an average price of $17.39, for a total transaction of $250,381.22. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.59% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. CIBC World Markets Inc. bought a new stake in shares of Century Aluminum in the 1st quarter worth approximately $200,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Century Aluminum by 497.6% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,550 shares of the industrial products company’s stock worth $207,000 after purchasing an additional 10,450 shares during the last quarter. Global X Management Co. LLC lifted its holdings in shares of Century Aluminum by 154.6% in the 1st quarter. Global X Management Co. LLC now owns 12,906 shares of the industrial products company’s stock worth $213,000 after purchasing an additional 7,836 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Century Aluminum in the 4th quarter worth approximately $272,000. Finally, Mainstay Capital Management LLC ADV bought a new stake in shares of Century Aluminum in the 1st quarter worth approximately $270,000. 58.47% of the stock is currently owned by institutional investors and hedge funds.
About Century Aluminum
Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum in the United States and Iceland. The company was founded in 1995 and is headquartered in Chicago, Illinois.
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