Century Aluminum (NASDAQ:CENX) Shares Down 3.5% - Should You Sell?

Century Aluminum Company (NASDAQ:CENX - Get Free Report) shares were down 3.5% during trading on Monday . The stock traded as low as $18.39 and last traded at $18.39. Approximately 521,823 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 1,448,012 shares. The stock had previously closed at $19.06.

Analyst Upgrades and Downgrades

CENX has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Century Aluminum from a "sell" rating to a "hold" rating in a report on Friday, May 9th. BMO Capital Markets upgraded shares of Century Aluminum from a "market perform" rating to an "outperform" rating and set a $22.00 target price for the company in a report on Monday, February 24th.

Century Aluminum Stock Down 4.2%

The firm's 50-day moving average price is $16.99 and its 200-day moving average price is $18.40. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.84 and a quick ratio of 0.63. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 14.63 and a beta of 2.54.

Century Aluminum (NASDAQ:CENX - Get Free Report) last announced its quarterly 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 return on equity of 19.06% and a net margin of 5.17%. The business had revenue of $633.90 million for the quarter, compared to analysts' expectations of $643.80 million. Sell-side analysts forecast that Century Aluminum Company will post 2.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CENX. Glencore plc acquired a new stake in Century Aluminum during the 4th quarter valued at $729,427,000. Dimensional Fund Advisors LP boosted its position in Century Aluminum by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,937,970 shares of the industrial products company's stock valued at $53,531,000 after buying an additional 28,557 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Century Aluminum by 5.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,067,234 shares of the industrial products company's stock valued at $37,665,000 after buying an additional 111,203 shares during the last quarter. Woodline Partners LP acquired a new stake in shares of Century Aluminum during the first quarter valued at about $19,317,000. Finally, Impala Asset Management LLC increased its position in shares of Century Aluminum by 33.6% during the first quarter. Impala Asset Management LLC now owns 932,154 shares of the industrial products company's stock worth $17,301,000 after acquiring an additional 234,673 shares during the last quarter. 61.59% of the stock is owned by institutional investors and hedge funds.

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.