Jesse E. Gary Sells 60,000 Shares of Century Aluminum (NASDAQ:CENX) Stock

Century Aluminum (NASDAQ:CENX) CEO Jesse E. Gary sold 60,000 shares of Century Aluminum stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $16.21, for a total value of $972,600.00. Following the sale, the chief executive officer now directly owns 62,447 shares of the company’s stock, valued at approximately $1,012,265.87. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Century Aluminum Price Performance

Shares of CENX stock traded up $0.84 during mid-day trading on Friday, hitting $16.75. 1,708,044 shares of the stock were exchanged, compared to its average volume of 1,404,370. Century Aluminum has a 52-week low of $5.70 and a 52-week high of $19.88. The company has a quick ratio of 0.63, a current ratio of 1.67 and a debt-to-equity ratio of 0.77. The company has a market cap of $1.55 billion, a PE ratio of 7.68 and a beta of 2.57. The firm has a fifty day moving average of $17.07 and a 200 day moving average of $13.81.

Century Aluminum (NASDAQ:CENX) last posted 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 net margin of 10.72% and a return on equity of 4.27%. The company had revenue of $489.50 million for the quarter, compared to analysts’ expectations of $520.30 million. Research analysts anticipate that Century Aluminum will post 0.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. StockNews.com lowered Century Aluminum from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. BMO Capital Markets upped their target price 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

Several institutional investors have recently bought and sold shares of CENX. Vanguard Group Inc. lifted its position in shares of 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 valued at $89,567,000 after acquiring an additional 39,900 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Century Aluminum by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,243,573 shares of the industrial products company’s stock valued at $39,380,000 after purchasing an additional 42,167 shares in the last quarter. Castle Hook Partners LP boosted its stake 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 purchasing an additional 898,554 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in shares of Century Aluminum by 9.6% during the fourth quarter. First Eagle Investment Management LLC now owns 867,514 shares of the industrial products company’s stock worth $10,532,000 after buying an additional 76,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Century Aluminum by 6.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 850,179 shares of the industrial products company’s stock valued at $10,321,000 after buying an additional 48,631 shares during the last quarter. 61.59% of the stock is currently owned by institutional investors and hedge funds.

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.