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

StockNews.com cut shares of Century Aluminum (NASDAQ:CENX) from a hold rating to a sell rating in a research report released on Friday morning.

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

Century Aluminum Stock Performance

Shares of NASDAQ CENX opened at $17.22 on Friday. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 8.28 and a beta of 2.47. Century Aluminum has a one year low of $6.25 and a one year high of $21.37. The business has a fifty day simple moving average of $15.51 and a 200 day simple moving average of $16.19. The company has a current ratio of 1.72, a quick ratio of 0.63 and a debt-to-equity ratio of 0.77.

Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings data on Thursday, August 8th. The industrial products company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). Century Aluminum had a net margin of 10.32% and a negative return on equity of 0.04%. The business had revenue of $560.80 million during the quarter, compared to analyst estimates of $530.90 million. Sell-side analysts expect that Century Aluminum will post 0.07 EPS for the current year.

Institutional Trading of Century Aluminum

Several large investors have recently added to or reduced their stakes in CENX. BNP Paribas Financial Markets boosted its holdings in shares of 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 acquiring an additional 69,910 shares in the last quarter. Capstone Investment Advisors LLC bought a new position in Century Aluminum in the 1st quarter valued at $161,000. GSA Capital Partners LLP boosted its stake in Century Aluminum by 314.4% in the first quarter. GSA Capital Partners LLP now owns 109,004 shares of the industrial products company’s stock worth $1,678,000 after purchasing an additional 82,703 shares in the last quarter. Texas Permanent School Fund Corp grew its holdings in shares of Century Aluminum by 2.5% during the first quarter. Texas Permanent School Fund Corp now owns 45,288 shares of the industrial products company’s stock worth $697,000 after purchasing an additional 1,102 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Century Aluminum in the first quarter valued at $601,000. 61.59% of the stock is owned by institutional investors.

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.