Key Points
- Robert Hoffman, Century Aluminum's CAO, sold 10,529 shares on March 11 at an average price of $56.51 for about $594,994, cutting his ownership by 15.67% to 56,643 shares; the sale was disclosed in an SEC filing.
- CENX opened at $54.73 (12‑month range $13.05–$59.12) with a ~$5.42B market cap and a PE of ~136.8; the company reported $1.25 EPS (in line) with revenue slightly below estimates, and analysts maintain a consensus "Buy" with an average target of $57 (several firms raised targets to the high $60s).
Century Aluminum Company (NASDAQ:CENX - Get Free Report) CAO Robert Hoffman sold 10,529 shares of Century Aluminum stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $56.51, for a total transaction of $594,993.79. Following the completion of the transaction, the chief accounting officer directly owned 56,643 shares in the company, valued at $3,200,895.93. This represents a 15.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Century Aluminum Stock Performance
Shares of CENX opened at $54.73 on Friday. The company has a current ratio of 1.97, a quick ratio of 0.98 and a debt-to-equity ratio of 0.52. The firm has a market cap of $5.42 billion, a PE ratio of 136.83 and a beta of 2.17. Century Aluminum Company has a 12 month low of $13.05 and a 12 month high of $59.12. The stock has a fifty day moving average price of $49.76 and a 200-day moving average price of $36.66.
Century Aluminum (NASDAQ:CENX - Get Free Report) last announced its earnings results on Thursday, February 19th. The industrial products company reported $1.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.25. The company had revenue of $633.70 million for the quarter, compared to analyst estimates of $661.63 million. Century Aluminum had a return on equity of 5.57% and a net margin of 1.65%.The firm's quarterly revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.49 EPS. Equities research analysts predict that Century Aluminum Company will post 2.76 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts recently commented on CENX shares. B. Riley Financial lifted their target price on shares of Century Aluminum from $64.00 to $68.00 and gave the stock a "buy" rating in a research note on Tuesday, February 24th. Weiss Ratings restated a "hold (c)" rating on shares of Century Aluminum in a research note on Wednesday, January 21st. Wells Fargo & Company raised their price target on shares of Century Aluminum from $61.00 to $69.00 and gave the stock an "overweight" rating in a report on Thursday. Zacks Research upgraded shares of Century Aluminum from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 17th. Finally, Wall Street Zen raised shares of Century Aluminum from a "hold" rating to a "buy" rating in a report on Saturday, February 21st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $57.00.
View Our Latest Analysis on Century Aluminum
Hedge Funds Weigh In On Century Aluminum
Hedge funds and other institutional investors have recently bought and sold shares of the business. Convergence Investment Partners LLC acquired a new position in Century Aluminum during the third quarter valued at $942,000. New Century Financial Group LLC purchased a new stake in Century Aluminum in the third quarter valued at $987,000. Campbell & CO Investment Adviser LLC grew its position in 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 worth $4,203,000 after purchasing an additional 123,285 shares during the period. SummerHaven Investment Management LLC acquired a new stake in Century Aluminum during the 3rd quarter worth about $1,277,000. Finally, Principal Financial Group Inc. raised its stake in shares of Century Aluminum by 35.4% during the 3rd quarter. Principal Financial Group Inc. now owns 350,858 shares of the industrial products company's stock valued at $10,301,000 after buying an additional 91,647 shares during the last quarter. Institutional investors and hedge funds own 61.59% of the company's stock.
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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