Century Aluminum (NASDAQ:CENX) CEO Sells $972,600.00 in Stock

Century Aluminum (NASDAQ:CENX) CEO Jesse E. Gary sold 60,000 shares of the stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $16.21, for a total transaction of $972,600.00. Following the transaction, the chief executive officer now directly owns 62,447 shares in the company, valued at $1,012,265.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Century Aluminum Stock Performance

CENX opened at $16.75 on Monday. Century Aluminum has a 12-month low of $5.70 and a 12-month high of $19.88. The firm has a market capitalization of $1.55 billion, a P/E ratio of 7.68 and a beta of 2.57. The stock’s 50 day moving average price is $17.04 and its two-hundred day moving average price is $13.95. The company has a quick ratio of 0.63, a current ratio of 1.67 and a debt-to-equity ratio of 0.77.

Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings data on Wednesday, May 1st. The industrial products company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.20). Century Aluminum had a return on equity of 4.27% and a net margin of 10.72%. The company had revenue of $489.50 million during the quarter, compared to analyst estimates of $520.30 million. On average, equities analysts forecast that Century Aluminum will post 0.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. BMO Capital Markets increased their price objective on Century Aluminum from $15.00 to $16.00 and gave the company a “market perform” rating in a report on Thursday, May 2nd. StockNews.com lowered shares of Century Aluminum from a “hold” rating to a “sell” rating in a research note on Friday, May 3rd.

Institutional Trading of Century Aluminum

Several institutional investors have recently bought and sold shares of the stock. Cetera Advisors LLC acquired a new stake in shares of Century Aluminum during the first quarter worth approximately $521,000. Price T Rowe Associates Inc. MD raised its position in Century Aluminum by 6.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 34,013 shares of the industrial products company’s stock worth $524,000 after purchasing an additional 2,045 shares during the last quarter. Castle Hook Partners LP lifted its holdings in Century Aluminum by 1,147.0% during the 1st quarter. Castle Hook Partners LP now owns 976,894 shares of the industrial products company’s stock worth $15,034,000 after buying an additional 898,554 shares in the last quarter. Covestor Ltd increased its stake in shares of Century Aluminum by 13,746.2% in the 1st quarter. Covestor Ltd now owns 1,800 shares of the industrial products company’s stock valued at $28,000 after buying an additional 1,787 shares during the period. Finally, Vanguard Group Inc. increased its position in Century Aluminum by 0.7% in the first quarter. Vanguard Group Inc. now owns 5,819,805 shares of the industrial products company’s stock worth $89,567,000 after purchasing an additional 39,900 shares during the period. Institutional investors and hedge funds own 61.59% of the company’s stock.

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.