A number of other brokerages also recently weighed in on CENX. Zacks Investment Research downgraded German American Bancorp. from a buy rating to a hold rating in a report on Tuesday, April 30th. TheStreet downgraded Wayside Technology Group from a b- rating to a c rating in a report on Wednesday, May 22nd. ValuEngine upgraded XPO Logistics from a strong sell rating to a sell rating in a report on Thursday, April 4th. Finally, Morgan Stanley set a $196.00 target price on Alibaba Group and gave the company a buy rating in a report on Tuesday, March 26th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $12.14.
NASDAQ CENX opened at $7.39 on Thursday. The business’s 50-day moving average is $6.48. The company has a current ratio of 2.11, a quick ratio of 0.68 and a debt-to-equity ratio of 0.34. The firm has a market cap of $656.30 million, a P/E ratio of -52.79 and a beta of 1.86. Century Aluminum has a 1 year low of $5.37 and a 1 year high of $13.80.
Century Aluminum (NASDAQ:CENX) last issued its earnings results on Tuesday, April 30th. The industrial products company reported ($0.70) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.71) by $0.01. The company had revenue of $490.00 million for 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%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.04) EPS. On average, research analysts forecast that Century Aluminum will post -1.36 earnings per share for the current fiscal year.
In other news, Director Andrew G. Michelmore purchased 5,000 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was acquired at an average price of $5.78 per share, with a total value of $28,900.00. Following the purchase, the director now owns 40,598 shares in the company, valued at approximately $234,656.44. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.03% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA grew its stake in shares of Century Aluminum by 893.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 11,598 shares of the industrial products company’s stock valued at $103,000 after buying an additional 10,430 shares in the last quarter. Hsbc Holdings PLC bought a new stake in shares of Century Aluminum in the 4th quarter valued at approximately $87,000. Metropolitan Life Insurance Co. NY grew its stake in shares of Century Aluminum by 374.3% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 16,847 shares of the industrial products company’s stock valued at $123,000 after buying an additional 13,295 shares in the last quarter. Macquarie Group Ltd. grew its stake in shares of Century Aluminum by 1,084.9% in the 4th quarter. Macquarie Group Ltd. now owns 18,959 shares of the industrial products company’s stock valued at $139,000 after buying an additional 17,359 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Century Aluminum by 19.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,087 shares of the industrial products company’s stock valued at $140,000 after buying an additional 3,042 shares in the last quarter. 53.39% of the stock is 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. The company was founded in 1995 and is headquartered in Chicago, Illinois.
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