Century Aluminum (NASDAQ:CENX - Get Free Report) CEO Jesse E. Gary sold 29,243 shares of the business's stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $18.97, for a total transaction of $554,739.71. Following the transaction, the chief executive officer now owns 50,753 shares of the company's stock, valued at approximately $962,784.41. This represents a 36.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Century Aluminum Stock Down 1.0 %
Shares of Century Aluminum stock traded down $0.18 during trading on Monday, reaching $18.23. The stock had a trading volume of 671,490 shares, compared to its average volume of 1,296,615. The company has a current ratio of 1.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 6.10 and a beta of 2.50. Century Aluminum has a 52 week low of $9.65 and a 52 week high of $25.39. The stock has a fifty day moving average price of $20.63 and a two-hundred day moving average price of $17.31.
Century Aluminum (NASDAQ:CENX - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.31. Century Aluminum had a return on equity of 11.37% and a net margin of 14.60%. The firm had revenue of $539.10 million during the quarter, compared to the consensus estimate of $587.10 million. During the same quarter in the prior year, the firm posted ($0.13) EPS. Sell-side analysts predict that Century Aluminum will post 0.56 EPS for the current fiscal year.
Institutional Investors Weigh In On Century Aluminum
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quest Partners LLC boosted its stake in shares of Century Aluminum by 104.1% during the 2nd quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company's stock worth $45,000 after buying an additional 1,385 shares during the last quarter. GAMMA Investing LLC grew its stake in Century Aluminum by 39.6% in the third quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company's stock valued at $71,000 after purchasing an additional 1,233 shares in the last quarter. Olympiad Research LP bought a new position in Century Aluminum in the third quarter valued at approximately $180,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Century Aluminum during the 3rd quarter worth approximately $189,000. Finally, MQS Management LLC boosted its holdings in shares of Century Aluminum by 8.1% in the 2nd quarter. MQS Management LLC now owns 11,792 shares of the industrial products company's stock valued at $198,000 after buying an additional 883 shares during the last quarter. 61.59% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on CENX shares. BMO Capital Markets lifted their target price on Century Aluminum from $16.00 to $18.00 and gave the stock a "market perform" rating in a report on Tuesday, November 5th. StockNews.com upgraded Century Aluminum from a "sell" rating to a "hold" rating in a report on Saturday, November 9th. B. Riley boosted their price objective on Century Aluminum from $22.00 to $24.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. Finally, Wolfe Research upgraded shares of Century Aluminum from a "peer perform" rating to an "outperform" rating and set a $27.00 target price on the stock in a report on Tuesday, December 3rd.
Read Our Latest Stock Report on CENX
About Century Aluminum
(
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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.
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