Century Aluminum (NASDAQ:CENX) CAO Sells $563,300.00 in Stock

Century Aluminum Company (NASDAQ:CENX) CAO Robert Hoffman sold 10,000 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $56.33, for a total transaction of $563,300.00. Following the sale, the chief accounting officer owned 67,172 shares in the company, valued at $3,783,798.76. The trade was a 12.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Century Aluminum Price Performance

Shares of CENX stock traded down $0.21 during trading hours on Friday, hitting $53.69. The stock had a trading volume of 2,691,380 shares, compared to its average volume of 2,449,960. The stock’s 50-day moving average price is $47.88 and its two-hundred day moving average price is $35.27. Century Aluminum Company has a one year low of $13.05 and a one year high of $56.96. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.97 and a quick ratio of 0.98. The stock has a market capitalization of $5.01 billion, a price-to-earnings ratio of 134.23 and a beta of 2.17.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings data on Thursday, February 19th. The industrial products company reported $1.25 earnings per share for the quarter, hitting the consensus estimate of $1.25. The company had revenue of $633.70 million for the quarter, compared to analysts’ expectations of $661.63 million. Century Aluminum had a return on equity of 5.57% and a net margin of 1.65%.The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 earnings per share. Equities analysts forecast that Century Aluminum Company will post 2.76 EPS for the current year.

Institutional Trading of Century Aluminum

A number of large investors have recently bought and sold shares of the business. Fox Run Management L.L.C. acquired a new stake in Century Aluminum during the 2nd quarter worth approximately $641,000. Convergence Investment Partners LLC purchased a new stake in shares of Century Aluminum during the third quarter worth approximately $942,000. Campbell & CO Investment Adviser LLC lifted its holdings in shares of Century Aluminum by 620.8% during the third quarter. Campbell & CO Investment Adviser LLC now owns 143,144 shares of the industrial products company’s stock worth $4,203,000 after purchasing an additional 123,285 shares during the period. New Century Financial Group LLC purchased a new stake in shares of Century Aluminum in the third quarter valued at about $987,000. Finally, SummerHaven Investment Management LLC acquired a new position in Century Aluminum during the 3rd quarter worth approximately $1,277,000. Institutional investors and hedge funds own 61.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CENX. Wells Fargo & Company increased their price objective on Century Aluminum from $46.00 to $61.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. Zacks Research upgraded Century Aluminum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th. BMO Capital Markets lifted their price objective on Century Aluminum from $30.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Century Aluminum in a report on Wednesday, January 21st. Finally, Wall Street Zen upgraded Century Aluminum from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Century Aluminum currently has a consensus rating of “Buy” and an average target price of $54.33.

Century Aluminum Company Profile

Century Aluminum Company is a primary aluminum producer that develops and operates smelters designed to supply low-carbon, high-purity aluminum products to a range of industrial and commercial markets. Established in 1995, the company has grown to become a significant North American aluminum producer with an expanding international footprint. Century Aluminum is headquartered in the United States and is focused on energy-efficient operations and cost management.

The company’s core operations include three primary aluminum smelting facilities located in Hawesville, Kentucky; Mount Holly, South Carolina; and Grundartangi, Iceland.