BidaskClub downgraded shares of Century Aluminum (NASDAQ:CENX) from a buy rating to a hold rating in a research report sent to investors on Friday.
A number of other research analysts also recently issued reports on CENX. Zacks Investment Research upgraded Century Aluminum from a sell rating to a hold rating in a report on Tuesday, February 20th. BMO Capital Markets set a $16.00 price target on Century Aluminum and gave the company a hold rating in a report on Friday, October 27th. Deutsche Bank downgraded Century Aluminum from a buy rating to a hold rating and cut their price target for the company from $20.00 to $14.00 in a report on Wednesday, December 20th. Cowen set a $16.00 price target on Century Aluminum and gave the company a hold rating in a report on Sunday, October 29th. Finally, JPMorgan Chase & Co. downgraded Century Aluminum from an overweight rating to a neutral rating and cut their price target for the company from $22.00 to $14.50 in a report on Monday, October 30th. Seven investment analysts have rated the stock with a hold rating, Century Aluminum presently has a consensus rating of Hold and an average price target of $16.70.
Shares of Century Aluminum (NASDAQ CENX) opened at $20.51 on Friday. The company has a current ratio of 2.91, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $1,790.00, a price-to-earnings ratio of 40.22 and a beta of 0.56. Century Aluminum has a 1 year low of $11.26 and a 1 year high of $24.77.
Large investors have recently made changes to their positions in the company. Stevens Capital Management LP purchased a new position in Century Aluminum during the 3rd quarter worth $366,000. Macquarie Group Ltd. purchased a new position in Century Aluminum during the 3rd quarter worth $275,000. Horseman Capital Management Ltd grew its stake in Century Aluminum by 7.9% during the 3rd quarter. Horseman Capital Management Ltd now owns 793,989 shares of the industrial products company’s stock worth $13,164,000 after buying an additional 58,300 shares during the last quarter. Dupont Capital Management Corp purchased a new position in Century Aluminum during the 3rd quarter worth $695,000. Finally, Prudential Financial Inc. grew its stake in Century Aluminum by 68.4% during the 3rd quarter. Prudential Financial Inc. now owns 205,255 shares of the industrial products company’s stock worth $3,404,000 after buying an additional 83,340 shares during the last quarter. Institutional investors and hedge funds own 63.37% of the company’s stock.
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About Century Aluminum
Century Aluminum Company (Century) is a holding company, which is a producer of primary aluminum and operates aluminum reduction facilities, or smelters, in the United States and Iceland. The Company operates through primary aluminum segment. The Company’s primary aluminum facilities produce standard grade primary aluminum products.
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