Century Aluminum (NASDAQ:CENX) Stock Price Down 4.7%

Century Aluminum (NASDAQ:CENX)’s share price was down 4.7% during trading on Tuesday . The company traded as low as $6.92 and last traded at $6.94. Approximately 532,123 shares traded hands during trading, a decline of 63% from the average daily volume of 1,441,634 shares. The stock had previously closed at $7.28.

Analyst Ratings Changes

Several equities analysts have commented on the stock. StockNews.com upgraded shares of Century Aluminum to a “sell” rating in a research report on Wednesday, August 16th. Wolfe Research downgraded shares of Century Aluminum from a “peer perform” rating to an “underperform” rating and set a $6.00 target price on the stock. in a research note on Tuesday, July 11th. Finally, B. Riley dropped their price target on shares of Century Aluminum from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Monday, August 14th.

Century Aluminum Stock Down 4.7 %

The company’s fifty day simple moving average is $8.21 and its 200-day simple moving average is $8.73. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.22 and a quick ratio of 0.33. The firm has a market capitalization of $641.19 million, a PE ratio of -6.16 and a beta of 2.73.

Century Aluminum (NASDAQ:CENX) last released its earnings results on Wednesday, August 9th. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.28. The firm had revenue of $575.50 million for the quarter, compared to the consensus estimate of $521.20 million. Century Aluminum had a negative return on equity of 14.43% and a negative net margin of 4.49%. On average, analysts forecast that Century Aluminum will post -0.13 EPS for the current year.

Institutional Trading of Century Aluminum

Several institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp boosted its holdings in Century Aluminum by 87.9% in the second quarter. State Street Corp now owns 10,536,517 shares of the industrial products company’s stock valued at $77,654,000 after purchasing an additional 4,927,814 shares during the last quarter. BlackRock Inc. lifted its holdings in Century Aluminum by 4.1% in the second quarter. BlackRock Inc. now owns 9,731,649 shares of the industrial products company’s stock valued at $84,860,000 after acquiring an additional 387,221 shares during the period. Vanguard Group Inc. boosted its position in Century Aluminum by 7.5% in the 3rd quarter. Vanguard Group Inc. now owns 6,433,179 shares of the industrial products company’s stock worth $33,967,000 after purchasing an additional 446,228 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Century Aluminum by 22.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,905,938 shares of the industrial products company’s stock worth $39,058,000 after purchasing an additional 727,150 shares in the last quarter. Finally, Fisher Asset Management LLC grew its stake in shares of Century Aluminum by 1.1% during the 2nd quarter. Fisher Asset Management LLC now owns 2,411,599 shares of the industrial products company’s stock worth $21,029,000 after purchasing an additional 25,083 shares during the period. 53.92% of the stock is currently 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. It also owns and operates a carbon anode production facility in the Netherlands. Century Aluminum Company was founded in 1995 and is headquartered in Chicago, Illinois.