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 that occurred on Wednesday, June 26th. The shares were sold at an average price of $16.21, for a total transaction of $972,600.00. Following the completion of the sale, the chief executive officer now 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 Trading Up 5.3 %

Shares of CENX opened at $16.75 on Monday. The stock’s fifty day simple moving average is $17.04 and its 200 day simple moving average is $13.95. Century Aluminum has a twelve month low of $5.70 and a twelve month high of $19.88. The company has a current ratio of 1.67, a quick ratio of 0.63 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $1.55 billion, a P/E ratio of 7.68 and a beta of 2.57.

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

Analyst Ratings Changes

Several research firms have issued reports on CENX. StockNews.com cut shares of Century Aluminum from a “hold” rating to a “sell” rating in a research note on Friday, May 3rd. BMO Capital Markets increased their price target on Century Aluminum from $15.00 to $16.00 and gave the stock a “market perform” rating in a research note on Thursday, May 2nd.

Institutional Investors Weigh In On Century Aluminum

A number of large investors have recently modified their holdings of the stock. Covestor Ltd boosted its holdings in Century Aluminum by 13,746.2% in the 1st quarter. Covestor Ltd now owns 1,800 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 1,787 shares during the period. GAMMA Investing LLC lifted its position in shares of Century Aluminum by 199.8% during the first quarter. GAMMA Investing LLC now owns 2,878 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 1,918 shares in the last quarter. Allworth Financial LP purchased a new position in shares of Century Aluminum in the fourth quarter valued at $68,000. Russell Investments Group Ltd. grew its holdings in Century Aluminum by 7,779.8% during the 1st quarter. Russell Investments Group Ltd. now owns 7,013 shares of the industrial products company’s stock valued at $108,000 after purchasing an additional 6,924 shares in the last quarter. Finally, MQS Management LLC purchased a new stake in Century Aluminum during the 3rd quarter worth $133,000. 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.