StockNews.com Lowers Century Aluminum (NASDAQ:CENX) to Sell

StockNews.com downgraded shares of Century Aluminum (NASDAQ:CENX) from a hold rating to a sell rating in a research note released on Saturday morning.

Separately, B. Riley cut their price target on shares of Century Aluminum from $10.00 to $9.00 and set a neutral rating on the stock in a research note on Monday, August 14th.

Century Aluminum Trading Up 3.5 %

Shares of CENX stock opened at $8.07 on Friday. The company’s 50-day moving average price is $6.75 and its 200-day moving average price is $7.83. Century Aluminum has a twelve month low of $5.70 and a twelve month high of $12.97. The company has a current ratio of 1.08, a quick ratio of 0.34 and a debt-to-equity ratio of 1.11. The stock has a market cap of $745.71 million, a price-to-earnings ratio of -3.96 and a beta of 2.63.

Century Aluminum (NASDAQ:CENX) last posted its earnings results on Wednesday, November 8th. The industrial products company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.06. Century Aluminum had a negative net margin of 8.47% and a negative return on equity of 10.38%. The company had revenue of $545.20 million for the quarter, compared to analysts’ expectations of $542.30 million. During the same quarter in the prior year, the company posted ($0.34) earnings per share. As a group, equities analysts predict that Century Aluminum will post -0.28 earnings per share for the current year.

Institutional Trading of Century Aluminum

Large investors have recently made changes to their positions in the company. Texas Permanent School Fund Corp increased its stake in shares of Century Aluminum by 33.3% during the first quarter. Texas Permanent School Fund Corp now owns 45,380 shares of the industrial products company’s stock worth $454,000 after buying an additional 11,349 shares during the period. Boulder Hill Capital Management LP purchased a new position in Century Aluminum in the first quarter valued at approximately $578,000. Arete Wealth Advisors LLC purchased a new position in Century Aluminum in the first quarter valued at approximately $149,000,000,000. Victory Capital Management Inc. increased its stake in Century Aluminum by 14,866.0% in the first quarter. Victory Capital Management Inc. now owns 1,661,674 shares of the industrial products company’s stock valued at $16,617,000 after purchasing an additional 1,650,571 shares during the last quarter. Finally, Bank of Montreal Can purchased a new position in Century Aluminum in the second quarter valued at approximately $931,000. 53.92% of the stock is currently owned by hedge funds and other institutional investors.

Century Aluminum Company Profile

Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates a carbon anode production facility in the Netherlands. Century Aluminum Company was founded in 1995 and is headquartered in Chicago, Illinois.