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

Key Points

• Century Aluminum was downgraded from a "buy" to a "hold" rating by Wall Street Zen, reflecting decreased investor confidence.
• The stock price fell by 3.4%, with a current trading value of $20.47, indicating market volatility.
• In its latest earnings report, Century Aluminum reported $0.28 EPS, missing the consensus estimate of $0.53 by $0.25.

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

Century Aluminum Price Performance

Shares of NASDAQ CENX traded up $0.46 during trading hours on Friday, hitting $21.52. 484,966 shares of the stock were exchanged, compared to its average volume of 1,682,055. The company's fifty day simple moving average is $19.39 and its two-hundred day simple moving average is $18.37. The company has a market cap of $2.01 billion, a PE ratio of 18.23 and a beta of 2.53. 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 1-year low of $11.63 and a 1-year high of $25.39.

Century Aluminum (NASDAQ:CENX - Get Free Report) last issued 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). Century Aluminum had a net margin of 5.17% and a return on equity of 19.06%. The business had revenue of $633.90 million during the quarter, compared to analyst estimates of $643.80 million. On average, sell-side analysts predict that Century Aluminum will post 2.76 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Sei Investments Co. bought a new stake in shares of Century Aluminum during the 4th quarter valued at approximately $372,000. KLP Kapitalforvaltning AS acquired a new position in shares of Century Aluminum during the fourth quarter worth $199,000. Norges Bank bought a new position in shares of Century Aluminum in the 4th quarter valued at $2,227,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Century Aluminum by 348.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 496,970 shares of the industrial products company's stock valued at $9,055,000 after acquiring an additional 386,133 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in Century Aluminum by 0.6% during the 4th quarter. Wellington Management Group LLP now owns 411,589 shares of the industrial products company's stock worth $7,499,000 after acquiring an additional 2,358 shares during the last quarter. Institutional investors and hedge funds own 61.59% of the company's stock.

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.