Century Aluminum (NASDAQ:CENX) Stock Rating Lowered by StockNews.com

Century Aluminum (NASDAQ:CENX - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued on Monday.

A number of other equities research analysts have also recently commented on CENX. Wolfe Research raised shares of Century Aluminum from a "peer perform" rating to an "outperform" rating and set a $27.00 price objective on the stock in a research note on Tuesday, December 3rd. BMO Capital Markets raised shares of Century Aluminum from a "market perform" rating to an "outperform" rating and set a $22.00 price objective for the company in a report on Monday, February 24th.

Century Aluminum Stock Performance

Shares of Century Aluminum stock traded down $0.43 during trading on Monday, hitting $18.72. 628,344 shares of the company's stock were exchanged, compared to its average volume of 1,371,245. Century Aluminum has a 52-week low of $11.40 and a 52-week high of $25.39. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.56 and a current ratio of 1.71. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 5.90 and a beta of 2.67. The business has a 50-day simple moving average of $19.29 and a 200-day simple moving average of $18.91.

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Century Aluminum (NASDAQ:CENX - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.05. The business had revenue of $631.00 million during the quarter, compared to analysts' expectations of $515.27 million. Century Aluminum had a return on equity of 13.38% and a net margin of 14.69%. During the same quarter in the previous year, the firm posted $0.39 EPS. On average, research analysts forecast that Century Aluminum will post 2.76 EPS for the current year.

Insider Activity

In other Century Aluminum news, CAO Robert F. Hoffman sold 2,500 shares of the company's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $19.99, for a total transaction of $49,975.00. Following the completion of the transaction, the chief accounting officer now directly owns 64,083 shares in the company, valued at approximately $1,281,019.17. This represents a 3.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.68% of the company's stock.

Institutional Trading of Century Aluminum

A number of institutional investors and hedge funds have recently modified their holdings of CENX. Wellington Management Group LLP lifted its stake in Century Aluminum by 0.6% in the 4th quarter. Wellington Management Group LLP now owns 411,589 shares of the industrial products company's stock valued at $7,499,000 after buying an additional 2,358 shares in the last quarter. Polar Asset Management Partners Inc. acquired a new position in shares of Century Aluminum during the fourth quarter valued at approximately $2,197,000. Perennial Advisors LLC purchased a new position in shares of Century Aluminum in the fourth quarter valued at approximately $535,000. Vise Technologies Inc. acquired a new stake in shares of Century Aluminum in the fourth quarter worth approximately $225,000. Finally, Two Sigma Advisers LP increased its position in shares of Century Aluminum by 11.9% during the fourth quarter. Two Sigma Advisers LP now owns 131,183 shares of the industrial products company's stock worth $2,390,000 after purchasing an additional 13,900 shares in the last quarter. Hedge funds and other institutional investors 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.