Century Aluminum (NASDAQ:CENX) Sets New 12-Month Low at $10.14

Century Aluminum (NASDAQ:CENXGet Rating) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $10.14 and last traded at $10.17, with a volume of 41809 shares traded. The stock had previously closed at $11.26.

A number of brokerages recently weighed in on CENX. B. Riley cut their price objective on shares of Century Aluminum from $32.00 to $30.00 in a research note on Monday, May 2nd. StockNews.com started coverage on Century Aluminum in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. TheStreet raised Century Aluminum from a “d” rating to a “c” rating in a research note on Thursday, February 24th. Finally, Wolfe Research downgraded Century Aluminum from an “outperform” rating to a “peer perform” rating and lowered their price target for the stock from $30.00 to $14.00 in a report on Wednesday, May 18th.

The company has a market cap of $946.08 million, a PE ratio of -56.30 and a beta of 2.54. The company has a quick ratio of 0.53, a current ratio of 1.27 and a debt-to-equity ratio of 0.84. The stock has a 50-day moving average of $17.23 and a 200-day moving average of $18.55.

Century Aluminum (NASDAQ:CENXGet Rating) last posted its earnings results on Thursday, April 28th. The industrial products company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.23. The business had revenue of $753.60 million during the quarter, compared to the consensus estimate of $748.40 million. Century Aluminum had a negative net margin of 0.57% and a positive return on equity of 11.58%. During the same quarter in the previous year, the firm posted ($0.54) EPS. Research analysts expect that Century Aluminum will post 3.46 EPS for the current year.

In related news, EVP John Dezee sold 15,287 shares of the firm’s stock in a transaction on Monday, March 21st. The shares were sold at an average price of $27.64, for a total transaction of $422,532.68. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.72% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Morgan Stanley lifted its holdings in shares of Century Aluminum by 468.1% during the 2nd quarter. Morgan Stanley now owns 1,899,790 shares of the industrial products company’s stock valued at $24,488,000 after acquiring an additional 1,565,359 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Century Aluminum by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 903,274 shares of the industrial products company’s stock worth $12,149,000 after purchasing an additional 19,089 shares in the last quarter. Credit Suisse AG raised its stake in shares of Century Aluminum by 2.5% in the 3rd quarter. Credit Suisse AG now owns 133,989 shares of the industrial products company’s stock valued at $1,803,000 after acquiring an additional 3,264 shares in the last quarter. Dark Forest Capital Management LP bought a new position in Century Aluminum in the 3rd quarter worth approximately $30,000. Finally, Invesco Ltd. boosted its stake in Century Aluminum by 96.6% in the 3rd quarter. Invesco Ltd. now owns 584,673 shares of the industrial products company’s stock valued at $7,865,000 after buying an additional 287,230 shares in the last quarter. 56.11% of the stock is currently owned by hedge funds and other institutional investors.

About Century Aluminum (NASDAQ:CENX)

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. The company was incorporated in 1981 and is headquartered in Chicago, Illinois.

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