BidaskClub cut shares of Century Aluminum (NASDAQ:CENX) from a sell rating to a strong sell rating in a research note released on Thursday.
Several other equities analysts also recently issued reports on CENX. ValuEngine downgraded shares of Century Aluminum from a hold rating to a sell rating in a report on Monday, July 2nd. B. Riley dropped their target price on shares of Century Aluminum from $27.00 to $25.00 and set a buy rating for the company in a research note on Thursday, August 2nd. BMO Capital Markets dropped their target price on shares of Century Aluminum from $28.00 to $22.00 and set a buy rating for the company in a research note on Wednesday, August 1st. Deutsche Bank raised shares of Century Aluminum from a hold rating to a buy rating and set a $20.00 target price for the company in a research note on Thursday, August 2nd. Finally, Zacks Investment Research downgraded shares of Century Aluminum from a strong-buy rating to a hold rating in a research note on Monday, April 30th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $21.17.
Shares of Century Aluminum opened at $12.15 on Thursday, MarketBeat reports. Century Aluminum has a 12-month low of $11.77 and a 12-month high of $24.77. The stock has a market cap of $1.06 billion, a P/E ratio of 33.75 and a beta of 0.78. The company has a quick ratio of 1.16, a current ratio of 2.89 and a debt-to-equity ratio of 0.29.
In other Century Aluminum news, VP Michelle Harrison sold 14,398 shares of the business’s stock in a transaction dated Thursday, June 7th. The shares were sold at an average price of $17.39, for a total value of $250,381.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.59% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. United Services Automobile Association bought a new position in shares of Century Aluminum in the second quarter worth about $40,705,000. Dimensional Fund Advisors LP raised its stake in shares of Century Aluminum by 9.2% in the second quarter. Dimensional Fund Advisors LP now owns 7,359,906 shares of the industrial products company’s stock worth $115,918,000 after acquiring an additional 622,137 shares during the last quarter. Tibra Equities Europe Ltd bought a new position in shares of Century Aluminum in the second quarter worth about $292,000. BlackRock Inc. raised its stake in shares of Century Aluminum by 6.9% during the second quarter. BlackRock Inc. now owns 6,913,125 shares of the industrial products company’s stock worth $108,881,000 after buying an additional 448,128 shares during the last quarter. Finally, Mutual of America Capital Management LLC bought a new stake in shares of Century Aluminum during the second quarter worth approximately $2,375,000. 58.88% of the stock is owned by institutional investors.
Century Aluminum Company Profile
Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum in the United States and Iceland. The company was founded in 1995 and is headquartered in Chicago, Illinois.
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