Jesse E. Gary Sells 29,243 Shares of Century Aluminum (NASDAQ:CENX) Stock

Century Aluminum (NASDAQ:CENX) CEO Jesse E. Gary sold 29,243 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $18.97, for a total value of $554,739.71. Following the sale, the chief executive officer now owns 50,753 shares in the company, valued at $962,784.41. The trade was a 36.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Century Aluminum Stock Performance

Century Aluminum stock traded down $0.18 during trading hours on Monday, hitting $18.23. The company had a trading volume of 671,490 shares, compared to its average volume of 1,296,615. The firm has a market cap of $1.69 billion, a PE ratio of 6.10 and a beta of 2.50. The firm has a 50-day moving average of $20.63 and a 200 day moving average of $17.31. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 0.56. Century Aluminum has a one year low of $9.65 and a one year high of $25.39.

Century Aluminum (NASDAQ:CENX) last released its earnings results on Monday, November 4th. The industrial products company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.32 by $0.31. Century Aluminum had a net margin of 14.60% and a return on equity of 11.37%. The firm had revenue of $539.10 million for the quarter, compared to analyst estimates of $587.10 million. During the same period last year, the firm earned ($0.13) EPS. On average, sell-side analysts expect that Century Aluminum will post 0.56 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CENX shares. Wolfe Research upgraded Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 price target for the company in a report on Tuesday, December 3rd. BMO Capital Markets increased their price target on Century Aluminum from $16.00 to $18.00 and gave the company a “market perform” rating in a research report on Tuesday, November 5th. B. Riley boosted their target price on shares of Century Aluminum from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, StockNews.com upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th.

Hedge Funds Weigh In On Century Aluminum

A number of institutional investors and hedge funds have recently bought and sold shares of CENX. Quest Partners LLC grew its holdings in Century Aluminum by 104.1% during the 2nd quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 1,385 shares during the period. GAMMA Investing LLC boosted its stake in Century Aluminum by 39.6% during the third quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company’s stock worth $71,000 after acquiring an additional 1,233 shares in the last quarter. Olympiad Research LP acquired a new stake in Century Aluminum in the third quarter worth $180,000. Dynamic Technology Lab Private Ltd bought a new stake in Century Aluminum in the third quarter valued at $189,000. Finally, MQS Management LLC boosted its position in shares of Century Aluminum by 8.1% during the 2nd quarter. MQS Management LLC now owns 11,792 shares of the industrial products company’s stock worth $198,000 after purchasing an additional 883 shares in the last quarter. Institutional investors and hedge funds own 61.59% of the company’s stock.

About Century Aluminum

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.