Century Aluminum (NASDAQ:CENX) CAO Robert F. Hoffman Sells 2,500 Shares

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

Century Aluminum Stock Performance

NASDAQ CENX opened at $20.08 on Wednesday. The stock’s fifty day moving average is $19.38 and its two-hundred day moving average is $18.69. The firm 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 quick ratio of 0.56 and a current ratio of 1.71. Century Aluminum has a fifty-two week low of $11.40 and a fifty-two week high of $25.39.

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

Hedge Funds Weigh In On Century Aluminum

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. New Age Alpha Advisors LLC acquired a new position in Century Aluminum during the fourth quarter worth $39,000. AlphaQuest LLC lifted its stake in shares of Century Aluminum by 2,889.3% in the 4th quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 2,427 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Century Aluminum in the 4th quarter valued at $54,000. Nisa Investment Advisors LLC lifted its stake in shares of Century Aluminum by 159.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,256 shares of the industrial products company’s stock valued at $59,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Corton Capital Inc. acquired a new position in shares of Century Aluminum in the 4th quarter valued at $189,000. Institutional investors and hedge funds own 61.59% of the company’s stock.

Analyst Ratings Changes

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

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.