Matt Aboud Sells 12,126 Shares of Century Aluminum (NASDAQ:CENX) Stock

Century Aluminum Company (NASDAQ:CENX) SVP Matt Aboud sold 12,126 shares of the firm’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $52.50, for a total value of $636,615.00. Following the transaction, the senior vice president directly owned 67,814 shares in the company, valued at $3,560,235. This trade represents a 15.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Matt Aboud also recently made the following trade(s):

• On Tuesday, March 3rd, Matt Aboud sold 2,971 shares of Century Aluminum stock. The stock was sold at an average price of $52.67, for a total transaction of $156,482.57.

Century Aluminum Stock Performance

Shares of CENX opened at $53.90 on Friday. The firm has a market capitalization of $5.03 billion, a PE ratio of 134.75 and a beta of 2.17. The company has a quick ratio of 0.98, a current ratio of 1.97 and a debt-to-equity ratio of 0.52. The firm has a 50-day moving average price of $47.88 and a 200 day moving average price of $35.27. Century Aluminum Company has a 52-week low of $13.05 and a 52-week high of $56.96.

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CENX. Wall Street Zen upgraded Century Aluminum from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Zacks Research raised Century Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Century Aluminum in a report on Wednesday, January 21st. Wells Fargo & Company upped their price target on shares of Century Aluminum from $46.00 to $61.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. Finally, BMO Capital Markets lifted their price objective on shares of Century Aluminum from $30.00 to $34.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $54.33.

Institutional Trading of Century Aluminum

Hedge funds have recently bought and sold shares of the company. Jones Financial Companies Lllp purchased a new position in shares of Century Aluminum in the first quarter worth approximately $25,000. Private Trust Co. NA acquired a new position in Century Aluminum in the 4th quarter worth approximately $28,000. EverSource Wealth Advisors LLC boosted its stake in Century Aluminum by 253.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 1,306 shares during the period. Advisory Services Network LLC purchased a new position in Century Aluminum during the 3rd quarter worth approximately $34,000. Finally, Transamerica Financial Advisors LLC acquired a new stake in Century Aluminum during the 4th quarter valued at $40,000. 61.59% of the stock is owned by hedge funds and other institutional investors.

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.