Century Aluminum (NASDAQ:CENX) Rating Lowered 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 note issued to investors on Monday morning.

CENX has been the subject of a number of other research reports. BMO Capital Markets raised Century Aluminum from a “market perform” rating to an “outperform” rating and set a $22.00 target price for the company in a report on Monday, February 24th. Wolfe Research raised Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 price objective for the company in a research note on Tuesday, December 3rd.

Century Aluminum Price Performance

Century Aluminum stock opened at $19.00 on Monday. The stock has a market capitalization of $1.75 billion, a P/E ratio of 6.01 and a beta of 2.67. The company’s fifty day moving average price is $19.32 and its 200 day moving average price is $18.91. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.56 and a current ratio of 1.71. Century Aluminum has a 1 year low of $11.40 and a 1 year high of $25.39.

Century Aluminum (NASDAQ:CENX) last announced its earnings results 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. Century Aluminum had a net margin of 14.69% and a return on equity of 13.38%. The business had revenue of $631.00 million for the quarter, compared to analyst estimates of $515.27 million. During the same quarter last year, the business earned $0.39 earnings per share. As a group, equities research analysts anticipate that Century Aluminum will post 2.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Century Aluminum

In related news, CAO Robert F. Hoffman sold 2,500 shares of Century Aluminum stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $19.99, for a total transaction of $49,975.00. Following the transaction, the chief accounting officer now owns 64,083 shares in the company, valued at approximately $1,281,019.17. This trade represents a 3.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.68% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. New Age Alpha Advisors LLC purchased a new stake in shares of Century Aluminum in the fourth quarter valued at about $39,000. AlphaQuest LLC boosted its holdings in Century Aluminum by 2,889.3% in the 4th quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 2,427 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Century Aluminum in the 4th quarter valued at approximately $54,000. Nisa Investment Advisors LLC increased its holdings in shares of Century Aluminum by 159.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,256 shares of the industrial products company’s stock worth $59,000 after buying an additional 2,000 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Century Aluminum during the 3rd quarter valued at approximately $189,000. 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.