Century Aluminum Company (CENX) Rating Lowered to Hold at BidaskClub

Century Aluminum Company (NASDAQ:CENX) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Saturday.

Other analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Century Aluminum Company from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Tuesday, February 21st. TheStreet upgraded shares of Century Aluminum Company from a “d+” rating to a “c” rating in a report on Monday, February 27th. BMO Capital Markets reiterated a “hold” rating and issued a $14.00 price target on shares of Century Aluminum Company in a report on Wednesday, April 26th. Cowen and Company lifted their price target on shares of Century Aluminum Company from $11.00 to $16.00 and gave the company a “market perform” rating in a report on Thursday, April 27th. Finally, Deutsche Bank AG downgraded shares of Century Aluminum Company from a “hold” rating to a “sell” rating and lifted their price target for the company from $9.00 to $10.00 in a report on Tuesday, February 28th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $13.00.

Analyst Recommendations for Century Aluminum Company (NASDAQ:CENX)

Century Aluminum Company (NASDAQ CENX) traded down 5.22% on Friday, reaching $14.35. The company had a trading volume of 4,319,718 shares. The stock’s 50 day moving average price is $14.34 and its 200-day moving average price is $12.80. Century Aluminum Company has a 12-month low of $5.53 and a 12-month high of $17.28. The stock’s market capitalization is $1.25 billion. Century Aluminum Company also saw some unusual options trading activity on Wednesday. Investors purchased 37,157 call options on the company. This represents an increase of 1,095% compared to the typical daily volume of 3,109 call options.

Century Aluminum Company (NASDAQ:CENX) last announced its quarterly earnings results on Tuesday, April 25th. The industrial products company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.10. The company had revenue of $365.80 million for the quarter, compared to the consensus estimate of $364.33 million. Century Aluminum Company had a negative net margin of 18.40% and a negative return on equity of 5.85%. Century Aluminum Company’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.23) EPS. Equities analysts expect that Century Aluminum Company will post $0.75 earnings per share for the current fiscal year.

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In other news, insider Michael A. Bless sold 27,618 shares of the business’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $14.88, for a total value of $410,955.84. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.50% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in Century Aluminum Company by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 7,383,026 shares of the industrial products company’s stock worth $93,690,000 after buying an additional 20,424 shares during the period. Vanguard Group Inc. increased its stake in Century Aluminum Company by 2.4% in the first quarter. Vanguard Group Inc. now owns 4,524,482 shares of the industrial products company’s stock worth $57,416,000 after buying an additional 106,570 shares during the period. State Street Corp increased its stake in Century Aluminum Company by 19.9% in the first quarter. State Street Corp now owns 4,491,650 shares of the industrial products company’s stock worth $56,998,000 after buying an additional 744,622 shares during the period. Impala Asset Management LLC increased its stake in Century Aluminum Company by 143.5% in the first quarter. Impala Asset Management LLC now owns 1,714,144 shares of the industrial products company’s stock worth $21,752,000 after buying an additional 1,010,144 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Century Aluminum Company by 4,279.7% in the first quarter. JPMorgan Chase & Co. now owns 1,610,095 shares of the industrial products company’s stock worth $20,432,000 after buying an additional 1,573,332 shares during the period. Hedge funds and other institutional investors own 66.59% of the company’s stock.

About Century Aluminum Company

Century Aluminum Company (Century) is a holding company, which is a producer of primary aluminum and operates aluminum reduction facilities, or smelters, in the United States and Iceland. The Company operates through primary aluminum segment. The Company’s primary aluminum facilities produce standard grade primary aluminum products.

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