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

StockNews.com downgraded shares of Century Aluminum (NASDAQ:CENX) from a hold rating to a sell rating in a report released on Tuesday.

CENX has been the subject of a number of other research reports. B. Riley dropped their price target 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. BMO Capital Markets dropped their price target on Century Aluminum from $17.00 to $15.00 and set a market perform rating for the company in a research report on Friday, August 9th.

Century Aluminum Trading Down 4.6 %

NASDAQ:CENX opened at $15.56 on Tuesday. The stock has a fifty day moving average price of $14.14 and a two-hundred day moving average price of $15.93. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 7.12 and a beta of 2.48. 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 has a 1 year low of $5.70 and a 1 year high of $21.37.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings data 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 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%. As a group, sell-side analysts anticipate that Century Aluminum will post 0.07 earnings per share for the current fiscal year.

Institutional Trading of Century Aluminum

Large investors have recently made changes to their positions in the stock. Los Angeles Capital Management LLC acquired a new stake in shares of Century Aluminum during the first quarter valued at $2,058,000. GSA Capital Partners LLP boosted its stake in Century Aluminum by 314.4% in the 1st quarter. GSA Capital Partners LLP now owns 109,004 shares of the industrial products company’s stock worth $1,678,000 after buying an additional 82,703 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Century Aluminum in the 1st quarter worth about $601,000. BNP Paribas Financial Markets boosted its stake in Century Aluminum by 43.4% in the 1st quarter. BNP Paribas Financial Markets now owns 230,860 shares of the industrial products company’s stock worth $3,553,000 after buying an additional 69,910 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Century Aluminum by 125.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 531,679 shares of the industrial products company’s stock worth $8,906,000 after buying an additional 296,101 shares during the last quarter. Institutional investors and hedge funds 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.