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

Century Aluminum (NASDAQ:CENX) CAO Robert F. Hoffman sold 2,500 shares of Century Aluminum stock in a transaction 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 transaction, the chief accounting officer now directly owns 64,083 shares of the company’s stock, valued at approximately $1,281,019.17. The trade was a 3.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Century Aluminum Price Performance

Shares of NASDAQ:CENX traded down $0.37 during midday trading on Tuesday, reaching $20.08. The company’s stock had a trading volume of 951,517 shares, compared to its average volume of 1,342,241. Century Aluminum has a fifty-two week low of $11.40 and a fifty-two week high of $25.39. The company has a market capitalization of $1.85 billion, a P/E ratio of 6.35 and a beta of 2.67. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 0.56. The business’s fifty day simple moving average is $19.36 and its 200-day simple moving average is $18.65.

Century Aluminum (NASDAQ:CENX) last announced its earnings results on Thursday, February 20th. The industrial products company reported $0.47 earnings per share for the quarter, beating 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 period last year, the company posted $0.39 earnings per share. As a group, equities research analysts expect that Century Aluminum will post 2.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CENX. StockNews.com raised Century Aluminum from a “sell” rating to a “hold” rating in a report on Friday, March 7th. 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 report on Tuesday, December 3rd. 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 report on Monday, February 24th.

Institutional Trading of Century Aluminum

A number of hedge funds and other institutional investors have recently made changes to their positions in CENX. Polar Asset Management Partners Inc. acquired a new stake in Century Aluminum in the fourth quarter worth about $2,197,000. Perennial Advisors LLC acquired a new stake in Century Aluminum in the fourth quarter worth about $535,000. Vise Technologies Inc. acquired a new stake in Century Aluminum in the fourth quarter worth about $225,000. Two Sigma Advisers LP increased its position in Century Aluminum by 11.9% in the fourth quarter. Two Sigma Advisers LP now owns 131,183 shares of the industrial products company’s stock worth $2,390,000 after purchasing an additional 13,900 shares during the period. Finally, ProShare Advisors LLC increased its position in Century Aluminum by 44.5% in the fourth quarter. ProShare Advisors LLC now owns 15,893 shares of the industrial products company’s stock worth $290,000 after purchasing an additional 4,896 shares during the period. 61.59% of the stock is currently owned by institutional investors and hedge funds.

About Century Aluminum

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.