Key Points
- Century Aluminum SVP Matt Aboud sold 12,126 shares on March 2 at an average price of $52.50 for $636,615, cutting his stake by 15.17% to 67,814 shares valued at about $3.56 million.
- Century Aluminum reported $1.25 EPS (in line with estimates) with revenue slightly below consensus, and analysts have largely upgraded the stock to a Buy with an average target price of $54.33.
Century Aluminum Company (NASDAQ:CENX - Get Free Report) SVP Matt Aboud sold 2,971 shares of the business's stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $52.67, for a total transaction of $156,482.57. Following the sale, the senior vice president directly owned 64,843 shares of the company's stock, valued at approximately $3,415,280.81. This represents a 4.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Matt Aboud also recently made the following trade(s):
- On Monday, March 2nd, Matt Aboud sold 12,126 shares of Century Aluminum stock. The shares were sold at an average price of $52.50, for a total value of $636,615.00.
Century Aluminum Stock Performance
Shares of Century Aluminum stock traded up $0.58 on Thursday, reaching $54.01. 541,706 shares of the company were exchanged, compared to its average volume of 2,388,014. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of 135.03 and a beta of 2.17. Century Aluminum Company has a 1-year low of $13.05 and a 1-year high of $56.96. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.98 and a current ratio of 1.97. The company's 50-day moving average is $47.59 and its two-hundred day moving average is $35.14.
Century Aluminum (NASDAQ:CENX - Get Free Report) last released its quarterly earnings data on Thursday, February 19th. The industrial products company reported $1.25 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.25. Century Aluminum had a return on equity of 5.55% and a net margin of 1.65%.The business had revenue of $633.70 million during the quarter, compared to analyst estimates of $661.63 million. During the same quarter in the previous year, the firm posted $0.49 EPS. The business's revenue for the quarter was up .4% compared to the same quarter last year. As a group, research analysts expect that Century Aluminum Company will post 2.76 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several brokerages recently weighed in on CENX. Zacks Research upgraded shares of Century Aluminum from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 17th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Century Aluminum in a report on Wednesday, January 21st. B. Riley Financial boosted their price objective on Century Aluminum from $64.00 to $68.00 and gave the stock a "buy" rating in a research report on Tuesday, February 24th. BMO Capital Markets raised their target price on Century Aluminum from $30.00 to $34.00 and gave the company an "outperform" rating in a research report on Friday, November 7th. Finally, Wells Fargo & Company lifted their target price on Century Aluminum from $46.00 to $61.00 and gave the company an "overweight" rating in a research note on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Century Aluminum has an average rating of "Buy" and a consensus target price of $54.33.
Read Our Latest Stock Report on CENX
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Fox Run Management L.L.C. bought a new stake in shares of Century Aluminum during the 2nd quarter worth $641,000. Convergence Investment Partners LLC acquired a new stake in shares of Century Aluminum during the third quarter worth $942,000. New Century Financial Group LLC purchased a new stake in shares of Century Aluminum during the third quarter valued at $987,000. Campbell & CO Investment Adviser LLC boosted its position in shares of Century Aluminum by 620.8% in 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 during the period. Finally, SummerHaven Investment Management LLC purchased a new position in Century Aluminum in the 3rd quarter worth about $1,277,000. 61.59% of the stock is currently owned by institutional investors.
Century Aluminum Company Profile
(
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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