Price Action Don’t Lie: Will Century Aluminum Co Go Down Anytime Soon?

Price Action Don't Lie: Will Century Aluminum Co Go Down Anytime Soon?

The stock of Century Aluminum Co (NASDAQ:CENX) is a huge mover today! About 682,208 shares traded hands. Century Aluminum Co (NASDAQ:CENX) has declined 10.81% since March 3, 2016 and is downtrending. It has underperformed by 19.15% the S&P500.
The move comes after 8 months positive chart setup for the $648.84 million company. It was reported on Oct, 6 by Barchart.com. We have $9.76 PT which if reached, will make NASDAQ:CENX worth $220.61 million more.

Analysts await Century Aluminum Co (NASDAQ:CENX) to report earnings on November, 3.

Century Aluminum Co (NASDAQ:CENX) Ratings Coverage

Out of 4 analysts covering Century Aluminum Company (NASDAQ:CENX), 0 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 0 are positive. Century Aluminum Company has been the topic of 13 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Monday, May 2 by Deutsche Bank. The stock of Century Aluminum Co (NASDAQ:CENX) has “Market Perform” rating given on Tuesday, February 23 by BMO Capital Markets. The company was maintained on Friday, April 29 by Cowen & Co. Cowen & Co maintained Century Aluminum Co (NASDAQ:CENX) on Friday, August 7 with “Market Perform” rating. Morgan Stanley maintained Century Aluminum Co (NASDAQ:CENX) on Tuesday, August 18 with “Underweight” rating. Nomura downgraded Century Aluminum Co (NASDAQ:CENX) on Monday, November 9 to “Neutral” rating. The stock of Century Aluminum Co (NASDAQ:CENX) has “Hold” rating given on Monday, October 5 by Deutsche Bank. The stock of Century Aluminum Co (NASDAQ:CENX) earned “Market Perform” rating by Cowen & Co on Friday, August 7. On Friday, February 19 the stock rating was maintained by Cowen & Co with “Market Perform”.

According to Zacks Investment Research, “Century Aluminum Company is a producer of primary aluminum. Century’s principal subsidiary, Century Aluminum of West Virginia, Inc. owns and operates a reduction facility, located on the Ohio River.”

Insitutional Activity: The institutional sentiment decreased to 1.05 in Q2 2016. Its down 0.36, from 1.41 in 2016Q1. The ratio turned negative, as 24 funds sold all Century Aluminum Co shares owned while 38 reduced positions. 17 funds bought stakes while 48 increased positions. They now own 46.69 million shares or 3.17% less from 48.22 million shares in 2016Q1.
Bridgeway Mngmt Inc last reported 0.03% of its portfolio in the stock. The South Dakota-based South Dakota Council has invested 0.01% in Century Aluminum Co (NASDAQ:CENX). Federated Incorporated Pa last reported 0% of its portfolio in the stock. Schwab Charles Investment holds 349,029 shares or 0% of its portfolio. Alliancebernstein Limited Partnership last reported 83,500 shares in the company. Tiaa Cref Inv Management Ltd Liability Corporation has 322,028 shares for 0% of their US portfolio. Tfs Cap Llc holds 0.02% of its portfolio in Century Aluminum Co (NASDAQ:CENX) for 20,598 shares. Canada Pension Plan Board, a Ontario – Canada-based fund reported 3.17M shares. Blackrock Advsrs Limited Company reported 23,517 shares or 0% of all its holdings. New York State Teachers Retirement System owns 150,005 shares or 0% of their US portfolio. Comerica Financial Bank has 49,317 shares for 0% of their US portfolio. Moreover, Ifrah Svcs has 0.04% invested in Century Aluminum Co (NASDAQ:CENX) for 14,608 shares. Prudential has 0% invested in the company for 392,016 shares. Moreover, Manufacturers Life Insurance Comm The has 0% invested in Century Aluminum Co (NASDAQ:CENX) for 36,018 shares. Dupont Cap Mngmt has 0.02% invested in the company for 144,032 shares.

More important recent Century Aluminum Co (NASDAQ:CENX) news were published by: Fool.com which released: “Why Century Aluminum Co. Shares Fell 35.5% in May” on June 08, 2016, also Fool.com published article titled: “Why Century Aluminum Co, Alcoa Inc, and Freeport-McMoRan Inc All Popped Today”, Fool.com published: “Why Century Aluminum Co’s Shares Plunged 26% Today” on October 30, 2015. More interesting news about Century Aluminum Co (NASDAQ:CENX) was released by: Fool.com and their article: “Why Century Aluminum Co’s Stock Popped 17% Today” with publication date: February 17, 2016.

CENX Company Profile

Century Aluminum Company (Century), incorporated on February 20, 1981, 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 Firm operates through primary aluminum segment. The Company’s primary aluminum facilities produce standard grade primary aluminum products. The Company’s annual primary aluminum production capacity is approximately 1,013,000 tons yearly (tpy). The Company’s principal subsidiaries are Century Kentucky, Inc. (CAKY), Nordural ehf (Nordural), Century Aluminum Sebree LLC (Century Sebree), Century Aluminum of South Carolina (CASC) and Century Aluminum of West Virginia, Inc. (Century of West Virginia). The Company’s CAKY operates a primary aluminum reduction facility in Hawesville, Kentucky (Hawesville). Nordural Grundartangi ehf, a subsidiary of Nordural, operates a primary aluminum reduction facility in Grundartangi, Iceland (Grundartangi). Century Sebree operates a primary aluminum reduction facility in Robards, Kentucky (Sebree). CASC operates a primary aluminum reduction facility in Mt. Holly, South Carolina (Mt. Holly). Nordural Helguvik ehf, a subsidiary of Nordural, owns a greenfield primary aluminum project in Helguvik, Iceland (Helguvik or the Helguvik project).

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