Insider Selling: Century Aluminum (NASDAQ:CENX) CEO Sells $8,320,500.00 in Stock

Century Aluminum Company (NASDAQ:CENX) CEO Jesse Gary sold 150,000 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $55.47, for a total transaction of $8,320,500.00. Following the completion of the sale, the chief executive officer directly owned 142,580 shares of the company’s stock, valued at $7,908,912.60. The trade was a 51.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Century Aluminum Price Performance

NASDAQ CENX opened at $49.65 on Friday. The company has a market cap of $4.91 billion, a PE ratio of 124.13 and a beta of 2.17. The firm’s 50 day moving average price is $50.66 and its 200-day moving average price is $37.54. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.98 and a current ratio of 1.97. Century Aluminum Company has a 52-week low of $13.05 and a 52-week high of $59.12.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings data on Thursday, February 19th. The industrial products company reported $1.25 EPS for the quarter, hitting analysts’ consensus estimates of $1.25. The company had revenue of $633.70 million during the quarter, compared to the consensus estimate of $661.63 million. Century Aluminum had a net margin of 1.65% and a return on equity of 5.57%. Century Aluminum’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.49 earnings per share. Sell-side analysts forecast that Century Aluminum Company will post 2.76 EPS for the current fiscal year.

Institutional Trading of Century Aluminum

A number of institutional investors have recently made changes to their positions in CENX. Jones Financial Companies Lllp purchased a new position in Century Aluminum during the 1st quarter worth $25,000. Private Trust Co. NA purchased a new stake in Century Aluminum in the fourth quarter valued at about $28,000. EverSource Wealth Advisors LLC boosted its holdings in Century Aluminum by 253.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 1,306 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Century Aluminum in the third quarter worth about $34,000. Finally, Transamerica Financial Advisors LLC purchased a new stake in shares of Century Aluminum during the fourth quarter worth about $40,000. Institutional investors and hedge funds own 61.59% of the company’s stock.

Analyst Ratings Changes

CENX has been the subject of a number of analyst reports. B. Riley Financial upped their price objective on Century Aluminum from $64.00 to $68.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Wells Fargo & Company boosted their target price on shares of Century Aluminum from $61.00 to $69.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Century Aluminum in a research report on Wednesday, January 21st. Zacks Research raised shares of Century Aluminum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 17th. Finally, Wall Street Zen upgraded shares of Century Aluminum from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $57.00.

About Century Aluminum

Century Aluminum Company is a primary aluminum producer that develops and operates smelters designed to supply low-carbon, high-purity aluminum products to a range of industrial and commercial markets. Established in 1995, the company has grown to become a significant North American aluminum producer with an expanding international footprint. Century Aluminum is headquartered in the United States and is focused on energy-efficient operations and cost management.

The company’s core operations include three primary aluminum smelting facilities located in Hawesville, Kentucky; Mount Holly, South Carolina; and Grundartangi, Iceland.