Century Aluminum (NASDAQ:CENX) SVP Sells $264,949.63 in Stock

Key Points

• Century Aluminum SVP Agust Hafberg sold 9,493 shares for approximately $264,949.63, reducing his ownership by 14.66% to 55,260 shares valued at around $1.54 million.
• The company's recent quarterly earnings report showed a loss of ($0.05) earnings per share, significantly missing the consensus estimate of $0.34.
• Wall Street analysts have mixed ratings on the stock, with consensus ratings indicating a "Buy" and a target price of $25.67.

Century Aluminum Company (NASDAQ:CENX - Get Free Report) SVP Agust Hafberg sold 9,493 shares of the company's stock in a transaction on Friday, September 26th. The stock was sold at an average price of $27.91, for a total transaction of $264,949.63. Following the transaction, the senior vice president owned 55,260 shares in the company, valued at approximately $1,542,306.60. The trade was a 14.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Century Aluminum Stock Down 0.1%

CENX traded down $0.04 during trading on Tuesday, hitting $29.36. 1,970,901 shares of the company's stock were exchanged, compared to its average volume of 1,697,425. The company has a quick ratio of 0.61, a current ratio of 1.75 and a debt-to-equity ratio of 0.66. The business's 50 day moving average is $23.39 and its two-hundred day moving average is $19.62. Century Aluminum Company has a fifty-two week low of $13.05 and a fifty-two week high of $30.08. The stock has a market cap of $2.74 billion, a P/E ratio of 25.31 and a beta of 2.55.

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

Hedge Funds Weigh In On Century Aluminum

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CENX. Wellington Management Group LLP boosted its position in Century Aluminum by 0.6% during the fourth quarter. Wellington Management Group LLP now owns 411,589 shares of the industrial products company's stock worth $7,499,000 after purchasing an additional 2,358 shares during the period. GAMMA Investing LLC boosted its position in Century Aluminum by 1,999.3% during the first quarter. GAMMA Investing LLC now owns 100,558 shares of the industrial products company's stock worth $1,866,000 after purchasing an additional 95,768 shares during the period. Park Avenue Securities LLC boosted its position in Century Aluminum by 12.9% during the first quarter. Park Avenue Securities LLC now owns 20,890 shares of the industrial products company's stock worth $388,000 after purchasing an additional 2,381 shares during the period. FNY Investment Advisers LLC boosted its position in Century Aluminum by 1,328.8% during the first quarter. FNY Investment Advisers LLC now owns 42,865 shares of the industrial products company's stock worth $795,000 after purchasing an additional 39,865 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of Century Aluminum by 60.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 41,622 shares of the industrial products company's stock valued at $773,000 after acquiring an additional 15,683 shares during the period. Institutional investors own 61.59% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CENX. BMO Capital Markets reiterated an "outperform" rating on shares of Century Aluminum in a report on Friday, August 8th. B. Riley increased their price target on shares of Century Aluminum from $25.00 to $28.00 and gave the company a "buy" rating in a research report on Tuesday, September 9th. Zacks Research upgraded shares of Century Aluminum from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 18th. Finally, Wall Street Zen lowered shares of Century Aluminum from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $25.67.

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.

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