BidaskClub cut shares of Century Aluminum (NASDAQ:CENX) from a buy rating to a hold rating in a report released on Wednesday, January 10th.
Several other brokerages have also issued reports on CENX. Zacks Investment Research upgraded Century Aluminum from a strong sell rating to a hold rating in a report on Tuesday, January 2nd. Deutsche Bank downgraded Century Aluminum from a buy rating to a hold rating and dropped their price target for the stock from $20.00 to $14.00 in a research report on Wednesday, December 20th. JPMorgan Chase & Co. downgraded Century Aluminum from an overweight rating to a neutral rating and dropped their price target for the stock from $22.00 to $14.50 in a research report on Monday, October 30th. Cowen set a $16.00 price target on Century Aluminum and gave the stock a hold rating in a research report on Sunday, October 29th. Finally, BMO Capital Markets set a $16.00 price objective on Century Aluminum and gave the company a hold rating in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Century Aluminum currently has a consensus rating of Hold and a consensus target price of $15.90.
Shares of Century Aluminum (NASDAQ:CENX) traded up $0.39 during midday trading on Wednesday, reaching $21.30. The company’s stock had a trading volume of 651,054 shares, compared to its average volume of 1,939,491. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.61 and a quick ratio of 1.27. Century Aluminum has a 12-month low of $11.26 and a 12-month high of $24.76.
A number of hedge funds have recently made changes to their positions in CENX. BlueCrest Capital Management Ltd acquired a new position in Century Aluminum in the second quarter worth $160,000. Piedmont Investment Advisors LLC acquired a new position in shares of Century Aluminum during the second quarter valued at $168,000. IndexIQ Advisors LLC lifted its stake in shares of Century Aluminum by 752.8% during the third quarter. IndexIQ Advisors LLC now owns 10,293 shares of the industrial products company’s stock valued at $171,000 after acquiring an additional 9,086 shares during the period. ARP Americas LLC acquired a new position in shares of Century Aluminum during the third quarter valued at $202,000. Finally, UBS Asset Management Americas Inc. increased its holdings in Century Aluminum by 15.5% in the second quarter. UBS Asset Management Americas Inc. now owns 16,400 shares of the industrial products company’s stock valued at $256,000 after purchasing an additional 2,200 shares during the last quarter. 68.04% of the stock is currently owned by institutional investors and hedge funds.
TRADEMARK VIOLATION NOTICE: “Century Aluminum (CENX) Stock Rating Lowered by BidaskClub” was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this news story on another website, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The legal version of this news story can be read at https://www.dispatchtribunal.com/2018/02/06/century-aluminum-cenx-downgraded-to-hold-at-bidaskclub.html.
About Century Aluminum
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.
Receive News & Ratings for Century Aluminum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Aluminum and related companies with MarketBeat.com's FREE daily email newsletter.