Century Aluminum (NASDAQ:CENX) Trading Down 5.9% - What's Next?

Century Aluminum (NASDAQ:CENX - Get Free Report)'s stock price traded down 5.9% during mid-day trading on Friday . The stock traded as low as $22.31 and last traded at $22.50. 167,014 shares traded hands during trading, a decline of 87% from the average session volume of 1,314,486 shares. The stock had previously closed at $23.92.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. BMO Capital Markets increased their price objective on shares of Century Aluminum from $16.00 to $18.00 and gave the company a "market perform" rating in a research note on Tuesday, November 5th. StockNews.com raised shares of Century Aluminum from a "sell" rating to a "hold" rating in a research note on Saturday, November 9th. Wolfe Research raised Century Aluminum from a "peer perform" rating to an "outperform" rating and set a $27.00 target price on the stock in a research note on Tuesday. Finally, B. Riley raised their price target on Century Aluminum from $22.00 to $24.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th.

Century Aluminum Stock Down 5.0 %

The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 7.60 and a beta of 2.50. The company has a quick ratio of 0.56, a current ratio of 1.71 and a debt-to-equity ratio of 0.71. The firm has a fifty day moving average price of $19.64 and a 200-day moving average price of $17.04.

Century Aluminum (NASDAQ:CENX - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.31. The firm had revenue of $539.10 million for the quarter, compared to analyst estimates of $587.10 million. Century Aluminum had a return on equity of 11.37% and a net margin of 14.60%. During the same period last year, the company earned ($0.13) EPS. As a group, sell-side analysts forecast that Century Aluminum will post 0.56 EPS for the current year.

Institutional Trading of Century Aluminum

Several institutional investors have recently made changes to their positions in the stock. Quest Partners LLC grew its holdings in shares of Century Aluminum by 104.1% during the 2nd quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company's stock worth $45,000 after purchasing an additional 1,385 shares during the period. GAMMA Investing LLC lifted its position in Century Aluminum by 39.6% during the third quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company's stock valued at $71,000 after buying an additional 1,233 shares in the last quarter. Olympiad Research LP purchased a new stake in Century Aluminum during the third quarter worth approximately $180,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Century Aluminum in the third quarter worth $189,000. Finally, MQS Management LLC raised its stake in shares of Century Aluminum by 8.1% in the 2nd quarter. MQS Management LLC now owns 11,792 shares of the industrial products company's stock valued at $198,000 after acquiring an additional 883 shares during the period. 61.59% of the stock is owned by hedge funds and other 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.