Century Aluminum (NASDAQ:CENX) SVP Matt Aboud Sells 2,971 Shares

Century Aluminum Company (NASDAQ:CENX) SVP Matt Aboud sold 2,971 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $52.67, for a total transaction of $156,482.57. Following the completion of the transaction, the senior vice president directly owned 64,843 shares in the company, valued at approximately $3,415,280.81. This represents a 4.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through 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 stock was sold at an average price of $52.50, for a total transaction of $636,615.00.

Century Aluminum Stock Up 1.1%

NASDAQ:CENX traded up $0.58 during mid-day trading on Thursday, hitting $54.01. The company had a trading volume of 541,706 shares, compared to its average volume of 2,388,014. The business has a fifty day simple moving average of $47.59 and a 200-day simple moving average of $35.14. The firm has a market capitalization 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 current ratio of 1.97, a quick ratio of 0.98 and a debt-to-equity ratio of 0.51.

Century Aluminum (NASDAQ:CENX) last issued its earnings results on Thursday, February 19th. The industrial products company reported $1.25 earnings per share for the quarter, hitting the consensus estimate of $1.25. The company had revenue of $633.70 million during the quarter, compared to the consensus estimate of $661.63 million. Century Aluminum had a return on equity of 5.55% and a net margin of 1.65%.The company’s revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 earnings per share. Equities analysts forecast that Century Aluminum Company will post 2.76 earnings per share for the current fiscal year.

Institutional Trading of Century Aluminum

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Jones Financial Companies Lllp bought a new position in Century Aluminum during the 1st quarter worth approximately $25,000. Private Trust Co. NA acquired a new stake in shares of Century Aluminum during the 4th quarter valued at approximately $28,000. EverSource Wealth Advisors LLC lifted its stake in Century Aluminum by 253.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 1,306 shares during the last quarter. Advisory Services Network LLC bought a new position in Century Aluminum during the third quarter worth $34,000. Finally, Transamerica Financial Advisors LLC acquired a new position in Century Aluminum in the fourth quarter worth $40,000. 61.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

CENX has been the subject of several analyst reports. B. Riley Financial upped their target price on shares of Century Aluminum from $64.00 to $68.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Wells Fargo & Company raised 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. Wall Street Zen upgraded Century Aluminum from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Century Aluminum in a report on Wednesday, January 21st. Finally, Zacks Research upgraded Century Aluminum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $54.33.

About Century Aluminum

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.