Century Aluminum Co (NASDAQ:CENX) COO Sells $127,439.84 in Stock

Century Aluminum Co (NASDAQ:CENX) COO Jesse E. Gary sold 15,244 shares of Century Aluminum stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $8.36, for a total value of $127,439.84. Following the completion of the transaction, the chief operating officer now owns 109,077 shares of the company’s stock, valued at approximately $911,883.72. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

CENX stock traded up $0.02 during trading on Monday, hitting $7.07. 1,036,154 shares of the company’s stock were exchanged, compared to its average volume of 1,346,038. The business has a 50-day moving average price of $6.75 and a two-hundred day moving average price of $6.56. The stock has a market capitalization of $626.70 million, a price-to-earnings ratio of -50.50 and a beta of 1.97. Century Aluminum Co has a 52-week low of $5.02 and a 52-week high of $9.98. The company has a current ratio of 2.23, a quick ratio of 0.72 and a debt-to-equity ratio of 0.40.

Century Aluminum (NASDAQ:CENX) last posted its earnings results on Tuesday, November 5th. The industrial products company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.30) by ($0.09). The business had revenue of $438.00 million for the quarter, compared to analysts’ expectations of $459.07 million. Century Aluminum had a negative return on equity of 22.27% and a negative net margin of 7.47%. Century Aluminum’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.02 EPS. On average, equities research analysts anticipate that Century Aluminum Co will post -1.43 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC lifted its stake in Century Aluminum by 1,471.5% in the third quarter. Tower Research Capital LLC TRC now owns 7,512 shares of the industrial products company’s stock valued at $49,000 after buying an additional 7,034 shares during the last quarter. Tyers Asset Management LLC lifted its stake in Century Aluminum by 27.8% in the second quarter. Tyers Asset Management LLC now owns 8,912 shares of the industrial products company’s stock valued at $62,000 after buying an additional 1,936 shares during the last quarter. Ellington Management Group LLC purchased a new stake in Century Aluminum in the second quarter valued at approximately $74,000. Voloridge Investment Management LLC purchased a new stake in Century Aluminum in the third quarter valued at approximately $80,000. Finally, Elkfork Partners LLC lifted its stake in Century Aluminum by 27.8% in the second quarter. Elkfork Partners LLC now owns 12,254 shares of the industrial products company’s stock valued at $85,000 after buying an additional 2,662 shares during the last quarter. Hedge funds and other institutional investors own 52.85% of the company’s stock.

Separately, BidaskClub cut Century Aluminum from a “buy” rating to a “hold” rating in a research note on Monday, November 25th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Century Aluminum currently has an average rating of “Hold” and a consensus target price of $10.75.

About Century Aluminum

Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum products in the United States and Iceland. The company was founded in 1995 and is headquartered in Chicago, Illinois.

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