Century Aluminum (NASDAQ:CENX) CEO Jesse E. Gary Sells 29,243 Shares

Century Aluminum (NASDAQ:CENX) CEO Jesse E. Gary sold 29,243 shares of the business’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $18.97, for a total transaction of $554,739.71. Following the completion of the transaction, the chief executive officer now directly owns 50,753 shares in the company, valued at $962,784.41. This trade represents a 36.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Century Aluminum Stock Down 0.1 %

Shares of NASDAQ CENX opened at $18.22 on Wednesday. The company has a current ratio of 1.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.71. Century Aluminum has a 12-month low of $9.65 and a 12-month high of $25.39. The firm’s 50-day moving average price is $20.66 and its 200-day moving average price is $17.33. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 6.09 and a beta of 2.50.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.31. The company had revenue of $539.10 million for the quarter, compared to analysts’ expectations of $587.10 million. Century Aluminum had a return on equity of 11.37% and a net margin of 14.60%. During the same period in the previous year, the firm posted ($0.13) earnings per share. On average, equities research analysts anticipate that Century Aluminum will post 0.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on CENX shares. B. Riley boosted their price target on shares of Century Aluminum from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. StockNews.com raised Century Aluminum from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. BMO Capital Markets raised their price target on Century Aluminum from $16.00 to $18.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. Finally, Wolfe Research raised Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 price objective on the stock in a report on Tuesday, December 3rd.

Institutional Trading of Century Aluminum

Several hedge funds and other institutional investors have recently bought and sold shares of CENX. Bank of New York Mellon Corp raised its stake in shares of Century Aluminum by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 366,804 shares of the industrial products company’s stock valued at $6,144,000 after acquiring an additional 1,641 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Century Aluminum by 43.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,242 shares of the industrial products company’s stock worth $255,000 after purchasing an additional 4,598 shares during the period. Rhumbline Advisers raised its position in Century Aluminum by 4.4% in the 2nd quarter. Rhumbline Advisers now owns 162,798 shares of the industrial products company’s stock worth $2,727,000 after purchasing an additional 6,886 shares during the period. Quest Partners LLC lifted its stake in Century Aluminum by 104.1% in the second quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 1,385 shares during the last quarter. Finally, Texas Permanent School Fund Corp boosted its position in shares of Century Aluminum by 102.9% during the second quarter. Texas Permanent School Fund Corp now owns 91,886 shares of the industrial products company’s stock valued at $1,539,000 after buying an additional 46,598 shares during the period. Hedge funds and other institutional investors own 61.59% of the company’s stock.

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.