Key Points
- CEO Jesse Gary sold 150,000 shares on Jan. 23 at an average price of $48.19 for proceeds of $7,228,500, cutting his direct stake by 33.89% to 292,580 shares (≈$14.1M).
- Shares trade near recent highs (12‑month high $50.16; opened $48.71) with a $4.55B market cap; the company recently missed quarterly EPS estimates ($0.56 vs. $0.79) and carries a mixed analyst backdrop — consensus "Moderate Buy" with a $41 target while some firms have raised targets up to $61.
Century Aluminum Company (NASDAQ:CENX - Get Free Report) CEO Jesse Gary sold 150,000 shares of the firm's stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $48.19, for a total value of $7,228,500.00. Following the sale, the chief executive officer directly owned 292,580 shares in the company, valued at approximately $14,099,430.20. This trade represents a 33.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Century Aluminum Price Performance
Shares of CENX opened at $48.71 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.71 and a debt-to-equity ratio of 0.69. The stock has a market cap of $4.55 billion, a PE ratio of 57.31 and a beta of 2.26. Century Aluminum Company has a 12-month low of $13.05 and a 12-month high of $50.16. The business has a 50-day simple moving average of $36.85 and a two-hundred day simple moving average of $29.47.
Century Aluminum (NASDAQ:CENX - Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The industrial products company reported $0.56 EPS for the quarter, missing analysts' consensus estimates of $0.79 by ($0.23). Century Aluminum had a net margin of 3.47% and a return on equity of 12.83%. The firm had revenue of $632.20 million for the quarter, compared to analyst estimates of $629.85 million. During the same period in the previous year, the business posted $0.63 earnings per share. The business's revenue for the quarter was up .7% compared to the same quarter last year. Analysts anticipate that Century Aluminum Company will post 2.76 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Century Aluminum
Several large investors have recently modified their holdings of the company. Fox Run Management L.L.C. acquired a new stake in Century Aluminum during the 2nd quarter worth about $641,000. New Century Financial Group LLC bought a new stake in shares of Century Aluminum during the 3rd quarter valued at about $987,000. Campbell & CO Investment Adviser LLC boosted its position in shares of Century Aluminum by 620.8% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 143,144 shares of the industrial products company's stock valued at $4,203,000 after purchasing an additional 123,285 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Century Aluminum by 103.1% during the third quarter. Assenagon Asset Management S.A. now owns 407,939 shares of the industrial products company's stock worth $11,977,000 after purchasing an additional 207,040 shares during the period. Finally, Thomist Capital Management LP increased its holdings in Century Aluminum by 489.0% in the second quarter. Thomist Capital Management LP now owns 221,746 shares of the industrial products company's stock worth $4,003,000 after purchasing an additional 184,100 shares in the last quarter. 61.59% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on CENX. Zacks Research downgraded shares of Century Aluminum from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 19th. Wells Fargo & Company increased their price objective on Century Aluminum from $46.00 to $61.00 and gave the company an "overweight" rating in a report on Tuesday, January 13th. BMO Capital Markets raised their target price on Century Aluminum from $30.00 to $34.00 and gave the stock an "outperform" rating in a research report on Friday, November 7th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Century Aluminum in a report on Wednesday. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.00.
View Our Latest Stock Report on CENX
About Century Aluminum
(
Get Free Report)
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.
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