Century Aluminum Company (CENX) Receives Average Recommendation of “Hold” from Brokerages

Century Aluminum Company (NASDAQ:CENX) has received an average rating of “Hold” from the eight research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $13.00.

Several analysts have recently weighed in on CENX shares. Zacks Investment Research raised Century Aluminum Company from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Tuesday, February 21st. Deutsche Bank AG downgraded Century Aluminum Company from a “hold” rating to a “sell” rating and boosted their target price for the company from $9.00 to $10.00 in a report on Tuesday, February 28th. They noted that the move was a valuation call. BMO Capital Markets reissued a “hold” rating and issued a $14.00 target price on shares of Century Aluminum Company in a report on Wednesday, April 26th. Cowen and Company reduced their target price on Century Aluminum Company from $11.00 to $8.00 and set a “market perform” rating for the company in a report on Wednesday, April 19th. Finally, TheStreet raised Century Aluminum Company from a “d+” rating to a “c” rating in a report on Monday, February 27th.

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Century Aluminum Company (CENX) traded down 5.22% during midday trading on Tuesday, reaching $14.35. The company had a trading volume of 4,319,718 shares. Century Aluminum Company has a 1-year low of $5.53 and a 1-year high of $17.28. The firm has a 50-day moving average of $14.34 and a 200 day moving average of $12.80. The company’s market capitalization is $1.25 billion. Century Aluminum Company also was the target of some unusual options trading on Wednesday. Traders acquired 37,157 call options on the stock. This is an increase of 1,095% compared to the average daily volume of 3,109 call options.

Century Aluminum Company (NASDAQ:CENX) last posted its earnings results on Tuesday, April 25th. The industrial products company reported ($0.05) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.10. Century Aluminum Company had a negative return on equity of 5.85% and a negative net margin of 18.40%. The business had revenue of $365.80 million during the quarter, compared to the consensus estimate of $364.33 million. During the same period in the previous year, the business earned ($0.23) EPS. The business’s quarterly revenue was up 14.7% on a year-over-year basis. On average, equities research analysts forecast that Century Aluminum Company will post $0.75 EPS for the current year.

In other Century Aluminum Company news, insider Michael A. Bless sold 27,618 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $14.88, for a total transaction of $410,955.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.50% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the company. ING Groep NV increased its position in shares of Century Aluminum Company by 76.2% in the fourth quarter. ING Groep NV now owns 3,020,400 shares of the industrial products company’s stock worth $26,912,000 after buying an additional 1,306,579 shares during the period. Two Sigma Investments LP increased its position in shares of Century Aluminum Company by 510.2% in the fourth quarter. Two Sigma Investments LP now owns 231,171 shares of the industrial products company’s stock worth $1,979,000 after buying an additional 193,285 shares during the period. Bank of Montreal Can increased its position in shares of Century Aluminum Company by 67.1% in the first quarter. Bank of Montreal Can now owns 232,782 shares of the industrial products company’s stock worth $2,954,000 after buying an additional 93,446 shares during the period. Royce & Associates LP increased its position in shares of Century Aluminum Company by 1.3% in the fourth quarter. Royce & Associates LP now owns 1,431,341 shares of the industrial products company’s stock worth $12,252,000 after buying an additional 18,500 shares during the period. Finally, Russell Investments Group Ltd. acquired a new position in shares of Century Aluminum Company during the fourth quarter worth about $639,000. 66.59% of the stock is owned by institutional investors and hedge funds.

About Century Aluminum Company

Century Aluminum Company (Century) is a holding company, which is a producer of primary aluminum and operates aluminum reduction facilities, or smelters, in the United States and Iceland. The Company operates through primary aluminum segment. The Company’s primary aluminum facilities produce standard grade primary aluminum products.

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