Century Aluminum Co (NASDAQ:CENX) shares were down 5.4% during mid-day trading on Thursday . The company traded as low as $5.94 and last traded at $6.01. Approximately 1,698,633 shares traded hands during trading, an increase of 18% from the average daily volume of 1,437,230 shares. The stock had previously closed at $6.35.

A number of research analysts have recently issued reports on CENX shares. BidaskClub cut shares of Century Aluminum from a “hold” rating to a “sell” rating in a report on Thursday, March 7th. ValuEngine upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a report on Wednesday, February 27th. Finally, Zacks Investment Research cut shares of Century Aluminum from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $12.14.

The firm has a market capitalization of $563.94 million, a price-to-earnings ratio of -43.21 and a beta of 1.52. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.68 and a current ratio of 2.11.

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

In other Century Aluminum news, insider Michael A. Bless sold 25,000 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $8.96, for a total value of $224,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.59% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CENX. Elm Ridge Management LLC increased its holdings in shares of Century Aluminum by 38.7% in the 1st quarter. Elm Ridge Management LLC now owns 189,428 shares of the industrial products company’s stock worth $1,682,000 after buying an additional 52,818 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Century Aluminum by 1,473.7% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,485 shares of the industrial products company’s stock worth $40,000 after buying an additional 4,200 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new position in shares of Century Aluminum in the 1st quarter worth $3,781,000. SEI Investments Co increased its holdings in shares of Century Aluminum by 583.2% in the 1st quarter. SEI Investments Co now owns 10,398 shares of the industrial products company’s stock worth $91,000 after buying an additional 8,876 shares during the last quarter. Finally, Hsbc Holdings PLC increased its holdings in shares of Century Aluminum by 19.9% in the 1st quarter. Hsbc Holdings PLC now owns 14,267 shares of the industrial products company’s stock worth $126,000 after buying an additional 2,372 shares during the last quarter. Hedge funds and other institutional investors own 54.29% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by Watch List News and is the property of of Watch List News. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this piece can be viewed at https://www.watchlistnews.com/century-aluminum-cenx-shares-down-5-4/3020177.html.

About Century Aluminum (NASDAQ:CENX)

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.

Featured Article: Do Tariffs Work?

Receive News & Ratings for Century Aluminum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Aluminum and related companies with MarketBeat.com's FREE daily email newsletter.