Century Aluminum (NASDAQ:CENX) Stock Price Down 4.7%

Shares of Century Aluminum (NASDAQ:CENX) were down 4.7% during mid-day trading on Tuesday . The company traded as low as $6.92 and last traded at $6.94. Approximately 532,123 shares changed hands during trading, a decline of 63% from the average daily volume of 1,441,634 shares. The stock had previously closed at $7.28.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CENX. B. Riley decreased their target price on shares of Century Aluminum from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Monday, August 14th. Wolfe Research downgraded Century Aluminum from a “peer perform” rating to an “underperform” rating and set a $6.00 target price for the company. in a research note on Tuesday, July 11th. Finally, StockNews.com raised Century Aluminum to a “sell” rating in a research report on Wednesday, August 16th.

Century Aluminum Trading Down 4.7 %

The business has a 50-day moving average of $8.21 and a two-hundred day moving average of $8.73. The company has a quick ratio of 0.33, a current ratio of 1.22 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $641.19 million, a price-to-earnings ratio of -6.16 and a beta of 2.73.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings results on Wednesday, August 9th. The industrial products company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.28. The firm had revenue of $575.50 million for the quarter, compared to the consensus estimate of $521.20 million. Century Aluminum had a negative net margin of 4.49% and a negative return on equity of 14.43%. Research analysts predict that Century Aluminum will post -0.13 EPS for the current fiscal year.

Hedge Funds Weigh In On Century Aluminum

Hedge funds have recently modified their holdings of the stock. State of Wyoming bought a new position in shares of Century Aluminum during the second quarter valued at $28,000. Commonwealth Equity Services LLC bought a new position in shares of Century Aluminum in the third quarter valued at approximately $53,000. Quantbot Technologies LP bought a new stake in Century Aluminum during the 2nd quarter worth approximately $57,000. Captrust Financial Advisors grew its position in Century Aluminum by 32.9% during the 2nd quarter. Captrust Financial Advisors now owns 9,829 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 2,434 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Century Aluminum by 410.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 7,324 shares of the industrial products company’s stock valued at $73,000 after purchasing an additional 5,888 shares during the last quarter. 53.92% of the stock is owned by institutional investors and hedge funds.

About Century Aluminum

Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates a carbon anode production facility in the Netherlands. Century Aluminum Company was founded in 1995 and is headquartered in Chicago, Illinois.