Century Aluminum (CENX) Hits New 1-Year Low at $5.42

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Century Aluminum Co (NASDAQ:CENX) reached a new 52-week low on Thursday . The company traded as low as $5.42 and last traded at $5.42, with a volume of 11160 shares traded. The stock had previously closed at $5.62.

A number of equities research analysts have recently weighed in on the company. BidaskClub downgraded Century Aluminum from a “sell” rating to a “strong sell” rating in a report on Wednesday. TheStreet downgraded Century Aluminum from a “c-” rating to a “d+” rating in a report on Wednesday, May 22nd. Zacks Investment Research downgraded Century Aluminum from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. ValuEngine raised Century Aluminum from a “sell” rating to a “hold” rating in a report on Thursday, April 4th. Finally, Morgan Stanley dropped their target price on Century Aluminum from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Tuesday, March 26th. 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. Century Aluminum currently has a consensus rating of “Hold” and a consensus target price of $12.14.

The company has a market cap of $515.09 million, a P/E ratio of -38.79 and a beta of 1.77. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.11 and a quick ratio of 0.68.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings results on Tuesday, April 30th. The industrial products company reported ($0.70) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.71) by $0.01. The business had revenue of $490.00 million during the quarter, compared to the consensus estimate of $482.58 million. Century Aluminum had a negative return on equity of 9.33% and a negative net margin of 5.29%. Century Aluminum’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. Equities research analysts predict that Century Aluminum Co will post -0.89 earnings per share 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 stock was sold at an average price of $8.96, for a total transaction of $224,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.59% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of CENX. Elm Ridge Management LLC grew its holdings in shares of Century Aluminum by 38.7% during the first quarter. Elm Ridge Management LLC now owns 189,428 shares of the industrial products company’s stock worth $1,682,000 after purchasing an additional 52,818 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Century Aluminum by 1,473.7% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,485 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 4,200 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in Century Aluminum in the first quarter valued at approximately $3,781,000. SEI Investments Co boosted its holdings in Century Aluminum by 583.2% in the first quarter. SEI Investments Co now owns 10,398 shares of the industrial products company’s stock valued at $91,000 after acquiring an additional 8,876 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in Century Aluminum by 19.9% in the first quarter. Hsbc Holdings PLC now owns 14,267 shares of the industrial products company’s stock valued at $126,000 after acquiring an additional 2,372 shares during the last quarter. 53.44% of the stock is owned by hedge funds and other institutional investors.

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Century Aluminum Company Profile (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.

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