Century Aluminum (NASDAQ:CENX) Cut to "Hold" at Wall Street Zen

Century Aluminum (NASDAQ:CENX - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Friday.

Century Aluminum Price Performance

NASDAQ:CENX traded up $0.23 on Friday, hitting $20.32. The company had a trading volume of 933,353 shares, compared to its average volume of 1,426,803. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 17.22 and a beta of 2.55. The company has a current ratio of 1.84, a quick ratio of 0.63 and a debt-to-equity ratio of 0.66. The firm has a 50 day moving average of $18.06 and a two-hundred day moving average of $18.16. Century Aluminum has a 52 week low of $11.40 and a 52 week high of $25.39.

Century Aluminum (NASDAQ:CENX - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.25). The company had revenue of $633.90 million during the quarter, compared to the consensus estimate of $643.80 million. Century Aluminum had a net margin of 5.17% and a return on equity of 19.06%. On average, research analysts anticipate that Century Aluminum will post 2.76 earnings per share for the current year.

Hedge Funds Weigh In On Century Aluminum

Several large investors have recently modified their holdings of CENX. Glencore plc bought a new position in shares of Century Aluminum during the fourth quarter valued at $729,427,000. Woodline Partners LP bought a new position in shares of Century Aluminum during the first quarter valued at $19,317,000. Nuveen LLC bought a new position in shares of Century Aluminum during the first quarter valued at $14,726,000. Encompass Capital Advisors LLC bought a new position in shares of Century Aluminum during the first quarter valued at $13,920,000. Finally, Pertento Partners LLP bought a new position in shares of Century Aluminum during the fourth quarter valued at $7,678,000. Institutional investors own 61.59% of the company's stock.

About Century Aluminum

Century Aluminum Company, together with its subsidiaries, engages in the production of standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates an alumina production facility in Iceland, and a carbon anode production facility in the Netherlands.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.