Robert F. Hoffman Sells 2,500 Shares of Century Aluminum (NASDAQ:CENX) Stock

Century Aluminum (NASDAQ:CENX - Get Free Report) CAO Robert F. Hoffman sold 2,500 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $19.99, for a total transaction of $49,975.00. Following the completion of the transaction, the chief accounting officer now directly owns 64,083 shares in the company, valued at $1,281,019.17. The trade was a 3.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Century Aluminum Trading Down 3.9 %

Century Aluminum stock traded down $0.79 during trading hours on Friday, reaching $19.32. The company had a trading volume of 1,530,972 shares, compared to its average volume of 1,342,863. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 0.56. The company has a 50-day moving average price of $19.41 and a 200 day moving average price of $18.74. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 6.11 and a beta of 2.67. Century Aluminum has a 12-month low of $11.40 and a 12-month high of $25.39.

Century Aluminum (NASDAQ:CENX - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The industrial products company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.05. The business had revenue of $631.00 million for the quarter, compared to analysts' expectations of $515.27 million. Century Aluminum had a return on equity of 13.38% and a net margin of 14.69%. During the same period in the previous year, the firm earned $0.39 EPS. Equities analysts forecast that Century Aluminum will post 2.76 earnings per share for the current year.

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Hedge Funds Weigh In On Century Aluminum

Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in shares of Century Aluminum by 49.9% during the third quarter. JPMorgan Chase & Co. now owns 959,033 shares of the industrial products company's stock valued at $15,565,000 after buying an additional 319,164 shares during the period. Barclays PLC increased its stake in shares of Century Aluminum by 266.5% during the third quarter. Barclays PLC now owns 97,396 shares of the industrial products company's stock valued at $1,581,000 after buying an additional 70,825 shares during the period. Principal Financial Group Inc. increased its stake in shares of Century Aluminum by 17.0% during the third quarter. Principal Financial Group Inc. now owns 301,992 shares of the industrial products company's stock valued at $4,901,000 after buying an additional 43,881 shares during the period. Park Avenue Securities LLC purchased a new position in shares of Century Aluminum during the fourth quarter valued at approximately $337,000. Finally, Centiva Capital LP purchased a new position in shares of Century Aluminum during the third quarter valued at approximately $559,000. 61.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CENX has been the subject of several recent research reports. Wolfe Research raised shares of Century Aluminum from a "peer perform" rating to an "outperform" rating and set a $27.00 price target for the company in a research note on Tuesday, December 3rd. StockNews.com upgraded Century Aluminum from a "sell" rating to a "hold" rating in a report on Friday, March 7th. Finally, BMO Capital Markets raised Century Aluminum from a "market perform" rating to an "outperform" rating and set a $22.00 price target on the stock in a research note on Monday, February 24th.

About Century Aluminum

Century Aluminum Company, together with its subsidiaries, engages in the production of standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates an alumina production facility in Iceland, and a carbon anode production facility in the Netherlands.