Century Aluminum Co (NASDAQ:CENX) shares were down 0.9% during trading on Thursday . The company traded as low as $5.83 and last traded at $5.83, approximately 9,823 shares changed hands during mid-day trading. A decline of 99% from the average daily volume of 1,121,471 shares. The stock had previously closed at $5.88.
A number of research analysts have commented on CENX shares. Zacks Investment Research lowered Century Aluminum from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. TheStreet lowered Century Aluminum from a “c-” rating to a “d+” rating in a research report on Wednesday, May 22nd. Finally, BidaskClub lowered Century Aluminum from a “buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Century Aluminum has an average rating of “Hold” and a consensus target price of $12.14.
The stock has a 50 day moving average price of $6.95 and a two-hundred day moving average price of $7.69. The company has a current ratio of 2.45, a quick ratio of 0.79 and a debt-to-equity ratio of 0.39. The company has a market cap of $522.67 million, a price-to-earnings ratio of -40.50 and a beta of 1.94.
Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings results on Thursday, August 1st. The industrial products company reported ($0.17) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.28) by $0.11. The company had revenue of $473.10 million for the quarter, compared to the consensus estimate of $475.87 million. Century Aluminum had a negative return on equity of 15.98% and a negative net margin of 7.28%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.32 EPS. On average, equities analysts forecast that Century Aluminum Co will post -1.01 EPS for the current fiscal year.
In related news, Director Andrew G. Michelmore purchased 5,000 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were bought at an average price of $5.78 per share, with a total value of $28,900.00. Following the purchase, the director now directly owns 40,598 shares in the company, valued at approximately $234,656.44. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.03% of the company’s stock.
Several hedge funds have recently bought and sold shares of CENX. Vanguard Group Inc. lifted its stake in shares of Century Aluminum by 12.3% in the 2nd quarter. Vanguard Group Inc. now owns 5,855,701 shares of the industrial products company’s stock valued at $40,463,000 after purchasing an additional 642,337 shares during the period. Nuveen Asset Management LLC acquired a new position in shares of Century Aluminum in the 2nd quarter valued at $2,655,000. Royce & Associates LP lifted its stake in shares of Century Aluminum by 62.9% in the 1st quarter. Royce & Associates LP now owns 753,592 shares of the industrial products company’s stock valued at $6,692,000 after purchasing an additional 290,900 shares during the period. Invesco Ltd. lifted its stake in shares of Century Aluminum by 53.0% in the 2nd quarter. Invesco Ltd. now owns 686,074 shares of the industrial products company’s stock valued at $4,741,000 after purchasing an additional 237,690 shares during the period. Finally, BlackRock Inc. lifted its stake in shares of Century Aluminum by 2.7% in the 2nd quarter. BlackRock Inc. now owns 7,416,881 shares of the industrial products company’s stock valued at $51,250,000 after purchasing an additional 195,810 shares during the period. 53.20% of the stock is currently owned by institutional investors.
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.
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