Century Aluminum (NASDAQ:CENX) SVP Matt Aboud Sells 12,126 Shares

Century Aluminum Company (NASDAQ:CENX) SVP Matt Aboud sold 12,126 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $52.50, for a total value of $636,615.00. Following the transaction, the senior vice president owned 67,814 shares of the company’s stock, valued at approximately $3,560,235. The trade was a 15.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, March 3rd, Matt Aboud sold 2,971 shares of Century Aluminum stock. The stock was sold at an average price of $52.67, for a total value of $156,482.57.

Century Aluminum Stock Up 1.0%

Shares of CENX opened at $53.43 on Thursday. The firm has a fifty day moving average price of $47.59 and a 200-day moving average price of $35.14. The company has a current ratio of 1.97, a quick ratio of 0.98 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $4.99 billion, a P/E ratio of 133.58 and a beta of 2.17. Century Aluminum Company has a 12-month low of $13.05 and a 12-month high of $56.96.

Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings data on Thursday, February 19th. The industrial products company reported $1.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.25. The company had revenue of $633.70 million during the quarter, compared to analyst estimates of $661.63 million. Century Aluminum had a net margin of 1.65% and a return on equity of 5.55%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the business posted $0.49 EPS. Equities research analysts expect that Century Aluminum Company will post 2.76 earnings per share for the current year.

Institutional Trading of Century Aluminum

A number of institutional investors have recently modified their holdings of CENX. Jones Financial Companies Lllp bought a new position in shares of Century Aluminum during the 1st quarter worth approximately $25,000. Private Trust Co. NA acquired a new position in shares of Century Aluminum during the fourth quarter worth $28,000. EverSource Wealth Advisors LLC lifted its holdings 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 valued at $33,000 after purchasing an additional 1,306 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Century Aluminum in the 3rd quarter worth $34,000. Finally, Transamerica Financial Advisors LLC purchased a new position in Century Aluminum during the 4th quarter worth $40,000. 61.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Century Aluminum in a research report on Wednesday, January 21st. 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 note on Tuesday, January 13th. Zacks Research upgraded Century Aluminum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th. B. Riley Financial increased their target price on shares of Century Aluminum from $64.00 to $68.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. 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 equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $54.33.

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.