Century Aluminum Co (NASDAQ:CENX) shares hit a new 52-week low on Monday . The company traded as low as $6.49 and last traded at $6.60, with a volume of 5807 shares changing hands. The stock had previously closed at $6.76.

A number of research analysts recently weighed in on CENX shares. BidaskClub upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a research report on Thursday, January 31st. ValuEngine downgraded shares of Century Aluminum from a “hold” rating to a “sell” rating in a research report on Friday, February 8th. B. Riley set a $15.00 price objective on shares of Century Aluminum and gave the company a “buy” rating in a research report on Friday, February 22nd. Zacks Investment Research upgraded shares of Century Aluminum from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research report on Tuesday, March 19th. Finally, Morgan Stanley lowered their price objective on shares of Century Aluminum from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. Century Aluminum presently has an average rating of “Hold” and a consensus target price of $12.14.

The stock has a market cap of $578.15 million, a price-to-earnings ratio of -46.50 and a beta of 1.52. The company has a current ratio of 2.11, a quick ratio of 0.68 and a debt-to-equity ratio of 0.34.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings data on Tuesday, April 30th. The industrial products company reported ($0.70) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.71) by $0.01. The company had revenue of $490.00 million for the quarter, compared to the consensus estimate of $482.58 million. Century Aluminum had a negative net margin of 5.29% and a negative return on equity of 9.33%. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. On average, equities analysts forecast that Century Aluminum Co will post -0.89 earnings per share for the current fiscal year.

In other Century Aluminum news, insider Michael A. Bless sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $8.96, for a total transaction of $224,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.59% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its stake in Century Aluminum by 2.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 574,103 shares of the industrial products company’s stock valued at $6,871,000 after purchasing an additional 13,803 shares during the period. TIAA CREF Investment Management LLC lifted its position in shares of Century Aluminum by 8.7% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 157,507 shares of the industrial products company’s stock worth $1,885,000 after acquiring an additional 12,594 shares during the period. Legal & General Group Plc lifted its position in shares of Century Aluminum by 5.6% in the 3rd quarter. Legal & General Group Plc now owns 112,603 shares of the industrial products company’s stock worth $1,328,000 after acquiring an additional 5,962 shares during the period. Morgan Stanley lifted its position in shares of Century Aluminum by 480.3% in the 3rd quarter. Morgan Stanley now owns 727,544 shares of the industrial products company’s stock worth $8,709,000 after acquiring an additional 602,177 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Century Aluminum by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 5,030,941 shares of the industrial products company’s stock worth $60,221,000 after acquiring an additional 97,105 shares during the period. 54.98% of the stock is owned by institutional investors and hedge funds.

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Century Aluminum Company Profile (NASDAQ:CENX)

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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