Century Aluminum Co (NASDAQ:CENX) was down 7.5% on Friday . The company traded as low as $8.19 and last traded at $8.30. Approximately 1,547,928 shares changed hands during trading, an increase of 3% from the average daily volume of 1,508,109 shares. The stock had previously closed at $8.97.

A number of equities research analysts have recently weighed in on CENX shares. Morgan Stanley started coverage on shares of Century Aluminum in a research note on Friday, December 21st. They set an “equal weight” rating and a $10.00 target price on the stock. ValuEngine raised shares of Century Aluminum from a “sell” rating to a “hold” rating in a research note on Thursday, January 10th. BidaskClub raised shares of Century Aluminum from a “strong sell” rating to a “sell” rating in a research note on Saturday, January 19th. Berenberg Bank raised shares of Century Aluminum from a “sell” rating to a “hold” rating and dropped their price objective for the stock from $10.00 to $9.00 in a research note on Monday, January 14th. They noted that the move was a valuation call. Finally, B. Riley set a $15.00 price objective on shares of Century Aluminum and gave the stock a “buy” rating in a research note on Friday, February 22nd. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $14.00.

The company has a current ratio of 2.26, a quick ratio of 0.73 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $731.25 million, a P/E ratio of -59.29 and a beta of 1.57.

Century Aluminum (NASDAQ:CENX) last issued its earnings results on Thursday, February 21st. The industrial products company reported ($0.43) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.53) by $0.10. The business had revenue of $481.80 million during the quarter, compared to analysts’ expectations of $489.02 million. Century Aluminum had a negative net margin of 3.58% and a negative return on equity of 1.34%. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.26 earnings per share. Equities analysts anticipate that Century Aluminum Co will post -0.47 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of the business. Geode Capital Management LLC raised its holdings in Century Aluminum by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 562,761 shares of the industrial products company’s stock worth $4,112,000 after buying an additional 17,070 shares during the last quarter. Norges Bank purchased a new position in shares of Century Aluminum during the fourth quarter valued at approximately $553,000. Millennium Management LLC purchased a new position in shares of Century Aluminum during the fourth quarter valued at approximately $4,668,000. Macquarie Group Ltd. raised its holdings in shares of Century Aluminum by 1,084.9% during the fourth quarter. Macquarie Group Ltd. now owns 18,959 shares of the industrial products company’s stock valued at $139,000 after purchasing an additional 17,359 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in Century Aluminum by 2.4% during the fourth quarter. Legal & General Group Plc now owns 115,304 shares of the industrial products company’s stock valued at $846,000 after buying an additional 2,701 shares during the last quarter. 55.84% of the stock is owned by institutional investors and hedge funds.

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About Century Aluminum (NASDAQ:CENX)

Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary and secondary aluminum in the United States and Iceland. The company was founded in 1995 and is headquartered in Chicago, Illinois.

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