Separately, BMO Capital Markets upped their price objective on shares of Century Aluminum from $7.00 to $9.00 and gave the stock an outperform rating in a report on Wednesday. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of $10.40.
Century Aluminum stock traded down $0.05 during mid-day trading on Friday, hitting $8.28. The company’s stock had a trading volume of 1,496,300 shares, compared to its average volume of 1,362,803. The stock has a market cap of $626.70 million, a price-to-earnings ratio of -59.14 and a beta of 1.89. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.45 and a quick ratio of 0.79. Century Aluminum has a 12 month low of $5.02 and a 12 month high of $9.98. The business has a 50 day moving average price of $6.53 and a 200-day moving average price of $6.68.
Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings data on Tuesday, November 5th. The industrial products company reported ($0.39) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.30) by ($0.09). The business had revenue of $438.00 million during the quarter, compared to analysts’ expectations of $459.07 million. Century Aluminum had a negative return on equity of 21.94% and a negative net margin of 7.47%. Century Aluminum’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.02 EPS. On average, equities research analysts expect that Century Aluminum will post -1.27 earnings per share for the current fiscal year.
In other Century Aluminum news, COO Jesse E. Gary sold 15,244 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $8.36, for a total value of $127,439.84. Following the sale, the chief operating officer now owns 109,077 shares in the company, valued at $911,883.72. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.03% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of CENX. Tower Research Capital LLC TRC grew its holdings in shares of Century Aluminum by 1,471.5% during the third quarter. Tower Research Capital LLC TRC now owns 7,512 shares of the industrial products company’s stock valued at $49,000 after buying an additional 7,034 shares during the last quarter. Tyers Asset Management LLC grew its holdings in shares of Century Aluminum by 27.8% during the second quarter. Tyers Asset Management LLC now owns 8,912 shares of the industrial products company’s stock valued at $62,000 after buying an additional 1,936 shares during the last quarter. Ellington Management Group LLC purchased a new stake in shares of Century Aluminum during the second quarter valued at approximately $74,000. Elkfork Partners LLC grew its holdings in shares of Century Aluminum by 27.8% during the second quarter. Elkfork Partners LLC now owns 12,254 shares of the industrial products company’s stock valued at $85,000 after buying an additional 2,662 shares during the last quarter. Finally, First Republic Investment Management Inc. purchased a new stake in shares of Century Aluminum during the second quarter valued at approximately $104,000. Hedge funds and other institutional investors own 53.92% of the company’s stock.
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. The company was founded in 1995 and is headquartered in Chicago, Illinois.
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