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

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

Several other analysts have also commented on the company. BMO Capital Markets boosted their price target on Century Aluminum from $15.00 to $16.00 and gave the company a market perform rating in a research note on Thursday. B. Riley upgraded shares of Century Aluminum from a neutral rating to a buy rating and boosted their target price for the company from $10.00 to $14.00 in a research note on Tuesday, January 9th.

Century Aluminum Price Performance

NASDAQ:CENX opened at $16.81 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.38 and a current ratio of 1.67. The company has a 50-day moving average of $14.53 and a 200-day moving average of $11.16. Century Aluminum has a 52 week low of $5.70 and a 52 week high of $18.64. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 7.71 and a beta of 2.67.

Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.53. The firm had revenue of $512.30 million during the quarter, compared to analysts’ expectations of $514.40 million. Century Aluminum had a net margin of 10.72% and a return on equity of 4.27%. As a group, equities research analysts anticipate that Century Aluminum will post 3.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CENX. GAMMA Investing LLC increased its holdings in Century Aluminum by 199.8% during the 1st quarter. GAMMA Investing LLC now owns 2,878 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 1,918 shares in the last quarter. Allworth Financial LP acquired a new stake in shares of Century Aluminum in the fourth quarter valued at $68,000. Strs Ohio increased its stake in shares of Century Aluminum by 625.0% in the third quarter. Strs Ohio now owns 8,700 shares of the industrial products company’s stock valued at $62,000 after buying an additional 7,500 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Century Aluminum by 35.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 9,107 shares of the industrial products company’s stock valued at $65,000 after buying an additional 2,405 shares during the last quarter. Finally, Capstone Investment Advisors LLC acquired a new position in Century Aluminum during the 1st quarter worth about $161,000. 61.59% of the stock is owned by institutional investors and hedge funds.

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.