Century Aluminum (NASDAQ:CENX) EVP Sells $3,347,520.00 in Stock

Century Aluminum Company (NASDAQ:CENX) EVP John Dezee sold 66,000 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $50.72, for a total transaction of $3,347,520.00. Following the completion of the sale, the executive vice president owned 97,647 shares in the company, valued at approximately $4,952,655.84. This trade represents a 40.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Century Aluminum Price Performance

Shares of CENX stock opened at $51.56 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.97 and a debt-to-equity ratio of 0.51. Century Aluminum Company has a 12-month low of $13.05 and a 12-month high of $55.99. The firm has a fifty day moving average of $46.76 and a 200-day moving average of $34.46. The firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of 128.90 and a beta of 2.24.

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 the consensus estimate of $1.25. The business had revenue of $633.70 million for the quarter, compared to the consensus estimate of $661.63 million. Century Aluminum had a return on equity of 5.55% and a net margin of 1.65%.The firm’s revenue was up .4% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 EPS. On average, equities research analysts forecast that Century Aluminum Company will post 2.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. B. Riley Financial increased their target price on Century Aluminum from $64.00 to $68.00 and gave the stock a “buy” rating in a research note on Tuesday. Zacks Research upgraded shares of Century Aluminum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th. Wells Fargo & Company raised their price objective on shares of Century Aluminum from $46.00 to $61.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Wall Street Zen raised shares of Century Aluminum from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Century Aluminum in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Century Aluminum currently has a consensus rating of “Buy” and a consensus target price of $54.33.

Institutional Trading of Century Aluminum

A number of hedge funds and other institutional investors have recently made changes to their positions in CENX. Jones Financial Companies Lllp acquired a new position in Century Aluminum during the first quarter worth $25,000. Private Trust Co. NA bought a new stake in Century Aluminum during the 4th quarter worth about $28,000. EverSource Wealth Advisors LLC boosted its stake in shares of Century Aluminum by 253.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the industrial products company’s stock worth $33,000 after buying an additional 1,306 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of Century Aluminum in the 3rd quarter valued at about $34,000. Finally, Transamerica Financial Advisors LLC bought a new position in shares of Century Aluminum in the 4th quarter valued at about $40,000. 61.59% of the stock is currently owned by institutional investors and hedge funds.

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.