Century Aluminum (NASDAQ:CENX) CAO Sells $49,975.00 in Stock

Century Aluminum (NASDAQ:CENX) CAO Robert F. Hoffman sold 2,500 shares of the company’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $19.99, for a total value 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 approximately $1,281,019.17. This trade represents a 3.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Century Aluminum Price Performance

Shares of NASDAQ CENX opened at $20.08 on Wednesday. The stock’s 50-day moving average is $19.38 and its two-hundred day moving average is $18.69. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 0.56. Century Aluminum has a 1-year low of $11.40 and a 1-year high of $25.39. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 6.35 and a beta of 2.67.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings results on Thursday, February 20th. The industrial products company reported $0.47 earnings per share 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 company had revenue of $631.00 million for the quarter, compared to the consensus estimate of $515.27 million. During the same quarter in the prior year, the business earned $0.39 EPS. Analysts forecast that Century Aluminum will post 2.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. New Age Alpha Advisors LLC purchased a new position in shares of Century Aluminum in the 4th quarter valued at about $39,000. AlphaQuest LLC increased its holdings in shares of Century Aluminum by 2,889.3% in the 4th quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 2,427 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Century Aluminum in the 4th quarter valued at about $54,000. Nisa Investment Advisors LLC increased its holdings in shares of Century Aluminum by 159.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,256 shares of the industrial products company’s stock valued at $59,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Century Aluminum in the 3rd quarter valued at about $189,000. Hedge funds and other institutional investors own 61.59% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CENX shares. BMO Capital Markets upgraded Century Aluminum from a “market perform” rating to an “outperform” rating and set a $22.00 price objective on the stock in a report on Monday, February 24th. StockNews.com upgraded Century Aluminum from a “sell” rating to a “hold” rating in a report on Friday, March 7th. Finally, Wolfe Research upgraded Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 price target on the stock in a report on Tuesday, December 3rd.

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.