Century Aluminum (NASDAQ:CENX) Stock Price Down 3.4% on Insider Selling

Shares of Century Aluminum (NASDAQ:CENX - Get Free Report) traded down 3.4% during trading on Wednesday following insider selling activity. The stock traded as low as $19.49 and last traded at $19.41. 724,777 shares were traded during trading, a decline of 46% from the average session volume of 1,339,785 shares. The stock had previously closed at $20.08.

Specifically, CAO Robert F. Hoffman sold 2,500 shares of the stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 64,083 shares of the company's stock, valued at approximately $1,281,019.17. This trade represents a 3.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CENX. StockNews.com raised shares of Century Aluminum from a "sell" rating to a "hold" rating in a report on Friday, March 7th. Wolfe Research upgraded Century Aluminum from a "peer perform" rating to an "outperform" rating and set a $27.00 target price for the company in a report on Tuesday, December 3rd. 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 report on Monday, February 24th.

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Century Aluminum Trading Down 3.9 %

The company has a quick ratio of 0.56, a current ratio of 1.71 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $1.78 billion, a P/E ratio of 6.11 and a beta of 2.67. The firm's 50-day simple moving average is $19.41 and its 200 day simple moving average is $18.78.

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

Institutional Investors Weigh In On Century Aluminum

Hedge funds and other institutional investors have recently made changes to their positions in the business. Empowered Funds LLC boosted its position in shares of Century Aluminum by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 55,316 shares of the industrial products company's stock valued at $898,000 after acquiring an additional 2,814 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of Century Aluminum by 78.0% during the third quarter. Jennison Associates LLC now owns 47,255 shares of the industrial products company's stock valued at $767,000 after acquiring an additional 20,710 shares during the period. Intech Investment Management LLC boosted its stake in shares of Century Aluminum by 84.6% in the 3rd quarter. Intech Investment Management LLC now owns 63,974 shares of the industrial products company's stock valued at $1,038,000 after purchasing an additional 29,326 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Century Aluminum by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 487,391 shares of the industrial products company's stock worth $7,910,000 after acquiring an additional 10,105 shares during the period. Finally, Cerity Partners LLC increased its holdings in Century Aluminum by 82.0% in the third quarter. Cerity Partners LLC now owns 29,441 shares of the industrial products company's stock valued at $478,000 after purchasing an additional 13,263 shares during the last quarter. 61.59% of the stock is owned by institutional investors and hedge funds.

Century Aluminum Company Profile

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.