Wall Street Zen Downgrades Century Aluminum (NASDAQ:CENX) to Hold

Wall Street Zen cut shares of Century Aluminum (NASDAQ:CENX - Free Report) from a buy rating to a hold rating in a research note published on Friday morning.

Century Aluminum Price Performance

Shares of Century Aluminum stock traded up $0.46 on Friday, hitting $22.66. 1,402,139 shares of the company traded hands, compared to its average volume of 1,429,444. The stock has a market capitalization of $2.11 billion, a P/E ratio of 19.22 and a beta of 2.55. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.63 and a current ratio of 1.84. Century Aluminum has a 52 week low of $11.40 and a 52 week high of $25.39. The business has a 50-day simple moving average of $18.06 and a 200 day simple moving average of $18.17.

Century Aluminum (NASDAQ:CENX - Get Free Report) last posted its earnings results on Wednesday, May 7th. The industrial products company reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.25). The business had revenue of $633.90 million during the quarter, compared to analysts' expectations of $643.80 million. Century Aluminum had a net margin of 5.17% and a return on equity of 19.06%. Research analysts expect that Century Aluminum will post 2.76 earnings per share for the current fiscal year.

Institutional Trading of Century Aluminum

Several institutional investors and hedge funds have recently made changes to their positions in CENX. Jones Financial Companies Lllp purchased a new stake in shares of Century Aluminum during the first quarter worth about $25,000. Farther Finance Advisors LLC boosted its position in Century Aluminum by 1,291.8% in the second quarter. Farther Finance Advisors LLC now owns 1,364 shares of the industrial products company's stock valued at $25,000 after buying an additional 1,266 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in Century Aluminum in the fourth quarter valued at approximately $39,000. AlphaQuest LLC boosted its position in Century Aluminum by 2,889.3% in the fourth quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company's stock valued at $46,000 after buying an additional 2,427 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its position in Century Aluminum by 261.8% in the first quarter. Caitong International Asset Management Co. Ltd now owns 4,020 shares of the industrial products company's stock valued at $75,000 after buying an additional 2,909 shares during the last quarter. 61.59% of the stock is currently owned by institutional investors.

Century Aluminum Company Profile

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.