Shares of Century Aluminum Co (NASDAQ:CENX) have earned a consensus recommendation of “Hold” from the twelve research firms that are currently covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $13.89.
CENX has been the subject of several recent research reports. Zacks Investment Research upgraded Century Aluminum from a “hold” rating to a “buy” rating and set a $8.25 price target for the company in a report on Monday, December 31st. ValuEngine cut shares of Century Aluminum from a “hold” rating to a “sell” rating in a research report on Wednesday, January 2nd. Berenberg Bank raised shares of Century Aluminum from a “sell” rating to a “hold” rating and decreased their price objective for the company from $10.00 to $9.00 in a research report on Monday, January 14th. They noted that the move was a valuation call. BidaskClub raised shares of Century Aluminum from a “strong sell” rating to a “sell” rating in a research report on Saturday, January 19th. Finally, B. Riley set a $15.00 price objective on shares of Century Aluminum and gave the company a “buy” rating in a research report on Friday, February 22nd.
In other news, insider Michael A. Bless sold 25,000 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $8.96, for a total transaction of $224,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.59% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Hsbc Holdings PLC bought a new position in shares of Century Aluminum during the fourth quarter worth about $87,000. Virtu Financial LLC lifted its position in shares of Century Aluminum by 19.9% during the fourth quarter. Virtu Financial LLC now owns 13,223 shares of the industrial products company’s stock worth $97,000 after purchasing an additional 2,197 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Century Aluminum by 1,531.9% during the third quarter. Tower Research Capital LLC TRC now owns 9,106 shares of the industrial products company’s stock worth $109,000 after purchasing an additional 8,548 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its position in shares of Century Aluminum by 374.3% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 16,847 shares of the industrial products company’s stock worth $123,000 after purchasing an additional 13,295 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its position in shares of Century Aluminum by 44.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 18,000 shares of the industrial products company’s stock worth $132,000 after purchasing an additional 5,500 shares during the last quarter. 55.93% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ CENX traded up $0.04 during trading hours on Monday, hitting $8.65. The company had a trading volume of 2,457,100 shares, compared to its average volume of 1,461,795. Century Aluminum has a fifty-two week low of $6.54 and a fifty-two week high of $18.69. The company has a market cap of $758.54 million, a P/E ratio of -61.79 and a beta of 1.57. The company has a current ratio of 2.26, a quick ratio of 0.73 and a debt-to-equity ratio of 0.33.
Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings results on Thursday, February 21st. The industrial products company reported ($0.43) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.53) by $0.10. Century Aluminum had a negative return on equity of 1.34% and a negative net margin of 3.58%. The firm had revenue of $481.80 million during the quarter, compared to the consensus estimate of $489.02 million. During the same period in the prior year, the firm earned $0.26 EPS. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, sell-side analysts forecast that Century Aluminum will post -0.75 EPS for the current fiscal year.
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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