Century Aluminum Company (NASDAQ:CENX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Monday.

According to Zacks, “Century Aluminum has outperformed the Zacks categorized Metal Procurement & Fabrication industry over a year. Century Aluminum is implementing a number of actions to reduce costs and preserve cash amid a weak operating environment. It should also gain from strong aluminum demand across automotive and aerospace markets in its key regions, North America and China, as well as acquisitions. Moreover, the company has low debt and short-term obligations which will help it remain strong in an adverse environment. However, Century Aluminum is still facing a difficult pricing environment, which may continue to affect its earnings. High levels of exports from China is keeping aluminum prices under pressure. The company is also seeing high power costs.”

Several other equities analysts also recently issued reports on CENX. BMO Capital Markets reaffirmed a “hold” rating and set a $14.00 price target on shares of Century Aluminum in a research note on Sunday, July 2nd. BidaskClub raised shares of Century Aluminum from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. Deutsche Bank AG raised shares of Century Aluminum from a “sell” rating to a “hold” rating and lifted their target price for the stock from $10.00 to $15.00 in a research note on Friday, June 23rd. Finally, Cowen and Company lowered their target price on shares of Century Aluminum from $11.00 to $8.00 and set a “market perform” rating for the company in a research note on Wednesday, April 19th. Seven investment analysts have rated the stock with a hold rating, Century Aluminum presently has a consensus rating of “Hold” and a consensus price target of $14.00.

Century Aluminum (NASDAQ:CENX) traded up 4.437% on Monday, hitting $17.535. 1,566,085 shares of the stock were exchanged. The company has a 50-day moving average price of $14.73 and a 200 day moving average price of $13.15. The company’s market capitalization is $1.53 billion. Century Aluminum has a 1-year low of $5.53 and a 1-year high of $17.83.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings results on Tuesday, April 25th. The industrial products company reported ($0.05) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.10. The firm had revenue of $365.80 million during the quarter, compared to the consensus estimate of $364.33 million. Century Aluminum had a negative net margin of 18.40% and a negative return on equity of 5.85%. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter last year, the firm earned ($0.23) earnings per share. Analysts anticipate that Century Aluminum will post $0.83 EPS for the current fiscal year.

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In related news, insider Michael A. Bless sold 27,618 shares of Century Aluminum stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $14.88, for a total transaction of $410,955.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. Numeric Investors LLC bought a new stake in Century Aluminum during the fourth quarter valued at $122,000. Clinton Group Inc. bought a new stake in Century Aluminum during the first quarter valued at $143,000. Mason Street Advisors LLC increased its stake in Century Aluminum by 7.2% in the first quarter. Mason Street Advisors LLC now owns 11,629 shares of the industrial products company’s stock valued at $148,000 after buying an additional 783 shares during the period. State of Alaska Department of Revenue increased its stake in Century Aluminum by 78.8% in the second quarter. State of Alaska Department of Revenue now owns 9,816 shares of the industrial products company’s stock valued at $152,000 after buying an additional 4,326 shares during the period. Finally, 361 Capital LLC bought a new stake in Century Aluminum during the first quarter valued at $162,000. 66.58% of the stock is owned by hedge funds and other institutional investors.

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.

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