Century Aluminum (NASDAQ:CENX) Stock Price Down 7.3%

Century Aluminum (NASDAQ:CENX)’s share price was down 7.3% on Friday . The stock traded as low as $12.00 and last traded at $12.02. Approximately 807,956 shares changed hands during mid-day trading, a decline of 42% from the average daily volume of 1,396,829 shares. The stock had previously closed at $12.97.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CENX shares. StockNews.com raised Century Aluminum from a “sell” rating to a “hold” rating in a research report on Monday, August 12th. BMO Capital Markets dropped their price target on shares of Century Aluminum from $17.00 to $15.00 and set a “market perform” rating on the stock in a research report on Friday, August 9th. Finally, B. Riley dropped their price objective on Century Aluminum from $24.00 to $22.00 and set a “buy” rating on the stock in a research note on Friday, August 9th.

Century Aluminum Price Performance

The company has a fifty day simple moving average of $15.59 and a two-hundred day simple moving average of $15.42. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.63 and a current ratio of 1.72. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 5.51 and a beta of 2.48.

Century Aluminum (NASDAQ:CENX) last posted its earnings results on Thursday, August 8th. The industrial products company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). The company had revenue of $560.80 million during the quarter, compared to the consensus estimate of $530.90 million. Century Aluminum had a negative return on equity of 0.04% and a net margin of 10.32%. As a group, equities research analysts expect that Century Aluminum will post 0.07 earnings per share for the current fiscal year.

Insider Transactions at Century Aluminum

In related news, CEO Jesse E. Gary sold 60,000 shares of Century Aluminum stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $16.21, for a total transaction of $972,600.00. Following the completion of the transaction, the chief executive officer now owns 62,447 shares of the company’s stock, valued at $1,012,265.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.68% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Century Aluminum

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Century Aluminum by 0.7% in the first quarter. Vanguard Group Inc. now owns 5,819,805 shares of the industrial products company’s stock valued at $89,567,000 after acquiring an additional 39,900 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Century Aluminum by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,243,573 shares of the industrial products company’s stock worth $39,380,000 after buying an additional 42,167 shares during the last quarter. Encompass Capital Advisors LLC lifted its position in shares of Century Aluminum by 1,208.7% during the 2nd quarter. Encompass Capital Advisors LLC now owns 1,401,638 shares of the industrial products company’s stock valued at $23,477,000 after buying an additional 1,294,538 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Century Aluminum by 30.4% during the 2nd quarter. American Century Companies Inc. now owns 1,186,243 shares of the industrial products company’s stock worth $19,870,000 after acquiring an additional 276,304 shares during the period. Finally, Castle Hook Partners LP raised its stake in Century Aluminum by 1,147.0% in the 1st quarter. Castle Hook Partners LP now owns 976,894 shares of the industrial products company’s stock valued at $15,034,000 after acquiring an additional 898,554 shares during the period. Institutional investors own 61.59% of the company’s stock.

About Century Aluminum

Century Aluminum Company, together with its subsidiaries, engages in the production of standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates an alumina production facility in Iceland, and a carbon anode production facility in the Netherlands.