Century Aluminum (NASDAQ:CENX) CAO Robert Hoffman Sells 10,529 Shares

Key Points

• CAO Robert Hoffman sold 10,529 shares on March 11 at an average price of $56.51 for about $594,994, cutting his ownership by 15.67% to 56,643 shares valued at roughly $3.2M.
• The stock traded down about 5.2% to $54.73 during the session, with ~2.29M shares changing hands versus an average volume of ~2.66M.
• Century reported Q4 EPS of $1.25 (matching estimates) but revenue of $633.7M missed expectations; analysts have a consensus Buy rating with a $57 price target.

Century Aluminum Company (NASDAQ:CENX - Get Free Report) CAO Robert Hoffman sold 10,529 shares of the business's stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $56.51, for a total value of $594,993.79. Following the sale, the chief accounting officer directly owned 56,643 shares in the company, valued at $3,200,895.93. This trade represents a 15.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Century Aluminum Trading Down 5.2%

Shares of NASDAQ CENX traded down $2.98 during mid-day trading on Friday, hitting $54.73. 2,293,903 shares of the company traded hands, compared to its average volume of 2,655,383. The company has a quick ratio of 0.98, a current ratio of 1.97 and a debt-to-equity ratio of 0.52. Century Aluminum Company has a 1 year low of $13.05 and a 1 year high of $59.12. The stock has a market capitalization of $5.42 billion, a price-to-earnings ratio of 136.83 and a beta of 2.17. The business has a 50 day moving average of $49.76 and a two-hundred day moving average of $36.66.

Century Aluminum (NASDAQ:CENX - Get Free Report) last issued its quarterly earnings results on Thursday, February 19th. The industrial products company reported $1.25 earnings per share for the quarter, hitting analysts' consensus estimates of $1.25. Century Aluminum had a return on equity of 5.57% and a net margin of 1.65%.The firm had revenue of $633.70 million for the quarter, compared to analysts' expectations of $661.63 million. During the same quarter last year, the business posted $0.49 EPS. Century Aluminum's revenue was up .4% on a year-over-year basis. On average, sell-side analysts anticipate that Century Aluminum Company will post 2.76 earnings per share for the current fiscal year.

Institutional Trading of Century Aluminum

Institutional investors have recently made changes to their positions in the stock. Private Trust Co. NA acquired a new position in Century Aluminum in the 4th quarter valued at approximately $28,000. Transamerica Financial Advisors LLC acquired a new stake in shares of Century Aluminum during the 4th quarter valued at $40,000. Advisory Services Network LLC acquired a new stake in shares of Century Aluminum during the 3rd quarter valued at $34,000. Smartleaf Asset Management LLC grew its holdings in shares of Century Aluminum by 48.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,185 shares of the industrial products company's stock valued at $47,000 after acquiring an additional 386 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its stake in shares of Century Aluminum by 68.9% in the fourth quarter. Hantz Financial Services Inc. now owns 1,218 shares of the industrial products company's stock worth $48,000 after acquiring an additional 497 shares during the last quarter. 61.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Zacks Research upgraded shares of Century Aluminum from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 17th. B. Riley Financial boosted their target price on shares of Century Aluminum from $64.00 to $68.00 and gave the company a "buy" rating in a research note on Tuesday, February 24th. Wells Fargo & Company increased their target price on Century Aluminum from $61.00 to $69.00 and gave the company an "overweight" rating in a report on Thursday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Century Aluminum in a research report on Wednesday, January 21st. Finally, Wall Street Zen upgraded Century Aluminum from a "hold" rating to a "buy" rating in a report on Saturday, February 21st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $57.00.

Century Aluminum Company Profile

Century Aluminum Company is a primary aluminum producer that develops and operates smelters designed to supply low-carbon, high-purity aluminum products to a range of industrial and commercial markets. Established in 1995, the company has grown to become a significant North American aluminum producer with an expanding international footprint. Century Aluminum is headquartered in the United States and is focused on energy-efficient operations and cost management.

The company's core operations include three primary aluminum smelting facilities located in Hawesville, Kentucky; Mount Holly, South Carolina; and Grundartangi, Iceland.

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