Robert Hoffman Sells 10,000 Shares of Century Aluminum (NASDAQ:CENX) Stock

Century Aluminum Company (NASDAQ:CENX) CAO Robert Hoffman sold 10,000 shares of Century Aluminum stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $56.33, for a total value of $563,300.00. Following the transaction, the chief accounting officer directly owned 67,172 shares of the company’s stock, valued at $3,783,798.76. This trade represents a 12.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Century Aluminum Price Performance

Century Aluminum stock traded down $0.21 during mid-day trading on Friday, hitting $53.69. 2,691,380 shares of the company were exchanged, compared to its average volume of 2,449,960. The company has a market capitalization of $5.01 billion, a P/E ratio of 134.23 and a beta of 2.17. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.97 and a quick ratio of 0.98. The business’s 50 day simple moving average is $47.88 and its two-hundred day simple moving average is $35.27. Century Aluminum Company has a 12-month low of $13.05 and a 12-month high of $56.96.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp acquired a new position in Century Aluminum during the 1st quarter worth $25,000. Private Trust Co. NA acquired a new position in shares of Century Aluminum in the fourth quarter valued at $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 worth $33,000 after acquiring an additional 1,306 shares during the period. Advisory Services Network LLC acquired a new stake in Century Aluminum during the third quarter valued at approximately $34,000. Finally, Transamerica Financial Advisors LLC acquired a new stake in Century Aluminum in the 4th quarter valued at $40,000. 61.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

CENX has been the subject of a number of analyst reports. Wall Street Zen raised Century Aluminum from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Zacks Research raised Century Aluminum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th. BMO Capital Markets upped their target price on shares of Century Aluminum from $30.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Wells Fargo & Company increased their price target on Century Aluminum from $46.00 to $61.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Century Aluminum in a report on Wednesday, January 21st. One research 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 has an average rating of “Buy” and a consensus 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.