Century Aluminum (CENX) Downgraded by TheStreet to “D+”

TheStreet lowered shares of Century Aluminum (NASDAQ:CENX) from a c- rating to a d+ rating in a research note issued to investors on Wednesday, TheStreetRatingsTable reports.

A number of other equities analysts have also weighed in on CENX. BidaskClub raised Century Aluminum from a sell rating to a hold rating in a research report on Thursday, January 31st. ValuEngine lowered Century Aluminum from a hold rating to a sell rating in a research report on Friday, February 8th. B. Riley set a $15.00 price target on Century Aluminum and gave the company a buy rating in a research report on Friday, February 22nd. Zacks Investment Research raised Century Aluminum from a hold rating to a buy rating and set a $10.00 price target for the company in a research report on Tuesday, March 19th. Finally, Morgan Stanley lowered their price target on Century Aluminum from $10.00 to $9.00 and set an equal weight rating for the company in a research report on Tuesday, March 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The stock has an average rating of Hold and an average target price of $12.14.

Shares of NASDAQ:CENX opened at $6.01 on Wednesday. The company has a current ratio of 2.11, a quick ratio of 0.68 and a debt-to-equity ratio of 0.34. Century Aluminum has a twelve month low of $5.94 and a twelve month high of $18.69. The company has a market cap of $563.94 million, a PE ratio of -42.93 and a beta of 1.52.

Century Aluminum (NASDAQ:CENX) last issued its earnings results on Tuesday, April 30th. The industrial products company reported ($0.70) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.71) by $0.01. Century Aluminum had a negative return on equity of 9.33% and a negative net margin of 5.29%. The company had revenue of $490.00 million for the quarter, compared to analyst estimates of $482.58 million. During the same period in the prior year, the firm earned ($0.04) earnings per share. Century Aluminum’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities analysts predict that Century Aluminum will post -0.89 EPS for the current fiscal year.

In related news, insider Michael A. Bless sold 25,000 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $8.96, for a total value of $224,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.59% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Texas Permanent School Fund raised its position in Century Aluminum by 4.0% in the 4th quarter. Texas Permanent School Fund now owns 32,113 shares of the industrial products company’s stock valued at $235,000 after buying an additional 1,246 shares during the last quarter. Comerica Bank raised its position in Century Aluminum by 3.1% in the 1st quarter. Comerica Bank now owns 48,969 shares of the industrial products company’s stock valued at $447,000 after buying an additional 1,476 shares during the last quarter. Virtu Financial LLC increased its position in shares of Century Aluminum by 19.9% during the 4th quarter. Virtu Financial LLC now owns 13,223 shares of the industrial products company’s stock valued at $97,000 after purchasing an additional 2,197 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Century Aluminum by 0.6% during the 4th quarter. Principal Financial Group Inc. now owns 398,412 shares of the industrial products company’s stock valued at $2,912,000 after purchasing an additional 2,312 shares during the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of Century Aluminum by 19.9% during the 1st quarter. Hsbc Holdings PLC now owns 14,267 shares of the industrial products company’s stock valued at $126,000 after purchasing an additional 2,372 shares during the last quarter. 54.29% of the stock is owned by institutional investors and hedge funds.

Century Aluminum Company Profile

Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum products in the United States and Iceland. The company was founded in 1995 and is headquartered in Chicago, Illinois.

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Analyst Recommendations for Century Aluminum (NASDAQ:CENX)

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