Century Aluminum (NASDAQ:CENX) CAO Sells $49,975.00 in Stock

Century Aluminum (NASDAQ:CENX) CAO Robert F. Hoffman sold 2,500 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $19.99, for a total value of $49,975.00. Following the sale, the chief accounting officer now directly owns 64,083 shares of the company’s stock, valued at approximately $1,281,019.17. This trade represents a 3.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Century Aluminum Stock Performance

Shares of CENX stock opened at $20.11 on Friday. The stock has a fifty day moving average of $19.41 and a 200 day moving average of $18.71. Century Aluminum has a 52 week low of $11.40 and a 52 week high of $25.39. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 6.36 and a beta of 2.67. The company has a quick ratio of 0.56, a current ratio of 1.71 and a debt-to-equity ratio of 0.71.

Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings results on Thursday, February 20th. The industrial products company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.05. Century Aluminum had a return on equity of 13.38% and a net margin of 14.69%. The company had revenue of $631.00 million during the quarter, compared to analyst estimates of $515.27 million. During the same quarter last year, the firm posted $0.39 earnings per share. As a group, research analysts expect that Century Aluminum will post 2.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CENX. Wolfe Research raised Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 price objective for the company in a research note on Tuesday, December 3rd. StockNews.com raised Century Aluminum from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. Finally, BMO Capital Markets raised Century Aluminum from a “market perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a research note on Monday, February 24th.

Institutional Trading of Century Aluminum

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Polar Asset Management Partners Inc. purchased a new stake in Century Aluminum in the fourth quarter worth $2,197,000. Perennial Advisors LLC purchased a new position in Century Aluminum during the fourth quarter valued at $535,000. Vise Technologies Inc. purchased a new position in Century Aluminum during the fourth quarter valued at $225,000. Two Sigma Advisers LP lifted its position in Century Aluminum by 11.9% during the fourth quarter. Two Sigma Advisers LP now owns 131,183 shares of the industrial products company’s stock valued at $2,390,000 after buying an additional 13,900 shares during the period. Finally, ProShare Advisors LLC lifted its position in Century Aluminum by 44.5% during the fourth quarter. ProShare Advisors LLC now owns 15,893 shares of the industrial products company’s stock valued at $290,000 after buying an additional 4,896 shares during the period. Hedge funds and other institutional investors own 61.59% of the company’s stock.

Century Aluminum Company Profile

Century Aluminum Company, together with its subsidiaries, engages in the production of standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates an alumina production facility in Iceland, and a carbon anode production facility in the Netherlands.