Century Aluminum (CENX) Trading Down 0.1%

Century Aluminum (NASDAQ:CENX) shares dropped 0.1% during trading on Friday . The stock traded as low as $16.70 and last traded at $16.78. Approximately 2,707,691 shares were traded during trading, an increase of 7% from the average daily volume of 2,527,779 shares. The stock had previously closed at $16.76.

CENX has been the subject of several recent analyst reports. TheStreet raised Century Aluminum from a “c” rating to a “b-” rating in a report on Friday, February 23rd. BidaskClub raised Century Aluminum from a “hold” rating to a “buy” rating in a report on Saturday, January 20th. BMO Capital Markets reissued a “market perform” rating and set a $20.00 price objective (up previously from $18.00) on shares of Century Aluminum in a report on Friday, February 23rd. Zacks Investment Research lowered Century Aluminum from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Finally, Deutsche Bank lowered Century Aluminum from a “buy” rating to a “hold” rating and cut their price objective for the stock from $20.00 to $14.00 in a report on Wednesday, December 20th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $21.10.

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The company has a market cap of $1,459.24, a P/E ratio of 45.04 and a beta of 0.71. The company has a quick ratio of 1.24, a current ratio of 2.91 and a debt-to-equity ratio of 0.30.

Century Aluminum (NASDAQ:CENX) last issued its earnings results on Thursday, February 22nd. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.02. The business had revenue of $433.80 million during the quarter, compared to analyst estimates of $427.73 million. Century Aluminum had a return on equity of 4.52% and a net margin of 3.02%. Century Aluminum’s revenue for the quarter was up 27.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.12) earnings per share. analysts predict that Century Aluminum will post 1.46 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of CENX. ING Groep NV boosted its stake in Century Aluminum by 25.8% in the fourth quarter. ING Groep NV now owns 3,073,401 shares of the industrial products company’s stock worth $60,362,000 after buying an additional 629,762 shares in the last quarter. Kennedy Capital Management Inc. purchased a new stake in Century Aluminum in the fourth quarter worth approximately $7,751,000. Engineers Gate Manager LP bought a new stake in Century Aluminum in the third quarter valued at approximately $1,806,000. Alambic Investment Management L.P. lifted its position in Century Aluminum by 379.8% in the fourth quarter. Alambic Investment Management L.P. now owns 120,914 shares of the industrial products company’s stock valued at $2,375,000 after purchasing an additional 95,714 shares during the last quarter. Finally, Prudential Financial Inc. lifted its position in Century Aluminum by 68.4% in the third quarter. Prudential Financial Inc. now owns 205,255 shares of the industrial products company’s stock valued at $3,404,000 after purchasing an additional 83,340 shares during the last quarter. 65.18% of the stock is owned by institutional investors and hedge funds.

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About Century Aluminum

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

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