Insider Selling: Century Aluminum (NASDAQ:CENX) SVP Sells $156,482.57 in Stock

Century Aluminum Company (NASDAQ:CENX) SVP Matt Aboud sold 2,971 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $52.67, for a total transaction of $156,482.57. Following the transaction, the senior vice president owned 64,843 shares of the company’s stock, valued at $3,415,280.81. This trade represents a 4.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Matt Aboud also recently made the following trade(s):

• On Monday, March 2nd, Matt Aboud sold 12,126 shares of Century Aluminum stock. The shares were sold at an average price of $52.50, for a total value of $636,615.00.

Century Aluminum Price Performance

Century Aluminum stock traded up $0.51 during midday trading on Wednesday, hitting $53.43. 3,161,032 shares of the company’s stock were exchanged, compared to its average volume of 2,463,755. The stock has a 50-day moving average price of $47.32 and a two-hundred day moving average price of $35.02. Century Aluminum Company has a 52-week low of $13.05 and a 52-week high of $56.96. The company has a market cap of $4.99 billion, a P/E ratio of 132.30 and a beta of 2.17. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.98 and a current ratio of 1.97.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings data on Thursday, February 19th. The industrial products company reported $1.25 earnings per share for the quarter, hitting the consensus estimate of $1.25. Century Aluminum had a net margin of 1.65% and a return on equity of 5.55%. The company had revenue of $633.70 million for the quarter, compared to analysts’ expectations of $661.63 million. During the same period in the prior year, the business earned $0.49 earnings per share. Century Aluminum’s revenue for the quarter was up .4% compared to the same quarter last year. On average, equities research analysts forecast that Century Aluminum Company will post 2.76 earnings per share for the current year.

Institutional Investors Weigh In On Century Aluminum

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp purchased a new position in shares of Century Aluminum in the first quarter valued at about $25,000. Private Trust Co. NA bought a new stake in shares of Century Aluminum in the fourth quarter worth about $28,000. EverSource Wealth Advisors LLC grew its stake in shares of 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 purchasing an additional 1,306 shares during the last quarter. Advisory Services Network LLC purchased a new position in Century Aluminum during the 3rd quarter valued at about $34,000. Finally, Transamerica Financial Advisors LLC bought a new position in Century Aluminum during the 4th quarter valued at approximately $40,000. 61.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CENX shares. Wells Fargo & Company raised their price target on Century Aluminum from $46.00 to $61.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Century Aluminum in a report on Wednesday, January 21st. Wall Street Zen upgraded Century Aluminum from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Zacks Research raised Century Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. Finally, B. Riley Financial lifted their price target on shares of Century Aluminum from $64.00 to $68.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. 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 company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $54.33.

Century Aluminum Company Profile

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.