Century Aluminum Company (NASDAQ:CENX) SVP Matt Aboud Sells 12,027 Shares

Key Points

• CENTURY ALUMINUM SVP Matt Aboud sold 12,027 shares valued at $279,868.29, reducing his stake by 16.12% and leaving him with 62,589 shares worth approximately $1.46 million.
• The company reported an EPS of ($0.05) for the last quarter, missing estimates by ($0.39), but achieving revenue of $628.1 million compared to expectations of $606.1 million.
• Recent analyst ratings for Century Aluminum show a mix of opinions, with B. Riley raising the price target to $25.00 and others showing a shift from "buy" to "hold."

Century Aluminum Company (NASDAQ:CENX - Get Free Report) SVP Matt Aboud sold 12,027 shares of Century Aluminum stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $23.27, for a total transaction of $279,868.29. Following the sale, the senior vice president owned 62,589 shares in the company, valued at $1,456,446.03. This represents a 16.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Century Aluminum Trading Up 0.3%

Shares of CENX stock traded up $0.07 on Tuesday, hitting $22.38. The stock had a trading volume of 113,153 shares, compared to its average volume of 1,675,589. The company has a fifty day moving average price of $20.22 and a two-hundred day moving average price of $18.62. The company has a current ratio of 1.75, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. Century Aluminum Company has a twelve month low of $11.63 and a twelve month high of $25.39. The firm has a market cap of $2.09 billion, a P/E ratio of 19.34 and a beta of 2.53.

Century Aluminum (NASDAQ:CENX - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The industrial products company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.39). The firm had revenue of $628.10 million during the quarter, compared to the consensus estimate of $606.10 million. Century Aluminum had a net margin of 4.94% and a return on equity of 18.02%. As a group, analysts forecast that Century Aluminum Company will post 2.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CENX shares. B. Riley increased their price objective on shares of Century Aluminum from $24.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, August 8th. BMO Capital Markets reissued an "outperform" rating on shares of Century Aluminum in a research note on Friday, August 8th. Finally, Wall Street Zen downgraded Century Aluminum from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd.

Institutional Trading of Century Aluminum

A number of institutional investors and hedge funds have recently made changes to their positions in CENX. Farther Finance Advisors LLC raised its stake in shares of Century Aluminum by 1,291.8% during the second quarter. Farther Finance Advisors LLC now owns 1,364 shares of the industrial products company's stock valued at $25,000 after acquiring an additional 1,266 shares during the last quarter. Jones Financial Companies Lllp bought a new position in Century Aluminum in the 1st quarter valued at about $25,000. EverSource Wealth Advisors LLC lifted its position in shares of Century Aluminum by 253.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 1,306 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of Century Aluminum by 261.8% during the first quarter. Caitong International Asset Management Co. Ltd now owns 4,020 shares of the industrial products company's stock valued at $75,000 after acquiring an additional 2,909 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of Century Aluminum by 12.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,414 shares of the industrial products company's stock worth $80,000 after purchasing an additional 506 shares during the last quarter. Institutional investors 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.