Century Aluminum (NASDAQ:CENX) CAO Robert F. Hoffman Sells 2,500 Shares

Century Aluminum (NASDAQ:CENX) CAO Robert F. Hoffman sold 2,500 shares of the firm’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 transaction, the chief accounting officer now directly owns 64,083 shares of the company’s stock, valued at $1,281,019.17. This represents a 3.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Century Aluminum Price Performance

Shares of NASDAQ:CENX opened at $20.11 on Friday. Century Aluminum has a 1-year low of $11.40 and a 1-year high of $25.39. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 0.56. The business has a fifty day moving average price of $19.41 and a 200-day moving average price of $18.71. The company has a market capitalization of $1.86 billion, a PE ratio of 6.36 and a beta of 2.67.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings data on Thursday, February 20th. The industrial products company reported $0.47 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 company had revenue of $631.00 million during the quarter, compared to the consensus estimate of $515.27 million. During the same period last year, the company earned $0.39 EPS. As a group, equities analysts expect that Century Aluminum will post 2.76 EPS for the current fiscal year.

Institutional Investors Weigh In On Century Aluminum

Several large investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC increased its holdings in 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 worth $59,000 after buying an additional 2,000 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in Century Aluminum in the 4th quarter worth about $39,000. Franklin Resources Inc. increased its holdings in Century Aluminum by 7.9% in the 3rd quarter. Franklin Resources Inc. now owns 30,115 shares of the industrial products company’s stock worth $524,000 after buying an additional 2,198 shares in the last quarter. Wellington Management Group LLP increased its holdings in Century Aluminum by 0.6% in the 4th quarter. Wellington Management Group LLP now owns 411,589 shares of the industrial products company’s stock worth $7,499,000 after buying an additional 2,358 shares in the last quarter. Finally, AlphaQuest LLC increased its holdings in Century Aluminum by 2,889.3% in the 4th quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company’s stock worth $46,000 after buying an additional 2,427 shares in the last quarter. 61.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on CENX. StockNews.com upgraded Century Aluminum from a “sell” rating to a “hold” rating in a report on Friday, March 7th. BMO Capital Markets upgraded Century Aluminum from a “market perform” rating to an “outperform” rating and set a $22.00 price target for the company in a report on Monday, February 24th. Finally, Wolfe Research upgraded Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 price target for the company in a report on Tuesday, December 3rd.

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.