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 Century Aluminum stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $18.97, for a total value of $554,739.71. Following the completion of the sale, the chief executive officer now owns 50,753 shares of the company’s stock, valued at $962,784.41. The trade was a 36.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Century Aluminum Price Performance

Shares of NASDAQ:CENX opened at $18.22 on Wednesday. The company has a quick ratio of 0.56, a current ratio of 1.71 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $1.69 billion, a PE ratio of 6.09 and a beta of 2.50. The firm’s 50 day moving average price is $20.66 and its 200-day moving average price is $17.33. Century Aluminum has a twelve month low of $9.65 and a twelve month high of $25.39.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.63 earnings per share for the quarter, topping 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 business had revenue of $539.10 million for the quarter, compared to the consensus estimate of $587.10 million. During the same period last year, the firm earned ($0.13) earnings per share. Equities research analysts expect that Century Aluminum will post 0.56 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CENX. Mountaineer Partners Management LLC lifted its holdings in Century Aluminum by 1,607.1% during the third quarter. Mountaineer Partners Management LLC now owns 22,849,097 shares of the industrial products company’s stock valued at $370,841,000 after purchasing an additional 21,510,639 shares in the last quarter. Encompass Capital Advisors LLC lifted its stake in shares of Century Aluminum by 1,208.7% during the 2nd quarter. Encompass Capital Advisors LLC now owns 1,401,638 shares of the industrial products company’s stock valued at $23,477,000 after buying an additional 1,294,538 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Century Aluminum by 49.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 959,033 shares of the industrial products company’s stock worth $15,565,000 after buying an additional 319,164 shares during the period. Bank of Montreal Can increased its stake in Century Aluminum by 341.1% in the 2nd quarter. Bank of Montreal Can now owns 411,968 shares of the industrial products company’s stock worth $6,900,000 after buying an additional 318,579 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Century Aluminum by 30.4% during the second quarter. American Century Companies Inc. now owns 1,186,243 shares of the industrial products company’s stock valued at $19,870,000 after acquiring an additional 276,304 shares during the period. 61.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.