Matt Aboud Sells 2,971 Shares of Century Aluminum (NASDAQ:CENX) Stock

Century Aluminum Company (NASDAQ:CENX) SVP Matt Aboud sold 2,971 shares of Century Aluminum stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $52.67, for a total transaction of $156,482.57. Following the sale, the senior vice president owned 64,843 shares of the company’s stock, valued at approximately $3,415,280.81. This represents a 4.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, March 2nd, Matt Aboud sold 12,126 shares of Century Aluminum stock. The shares were sold at an average price of $52.50, for a total transaction of $636,615.00.

Century Aluminum Stock Performance

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

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CENX. BMO Capital Markets upped their price target on Century Aluminum from $30.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Zacks Research raised shares of Century Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. Wall Street Zen upgraded shares of Century Aluminum from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. B. Riley Financial lifted their price target on shares of Century Aluminum from $64.00 to $68.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Finally, Wells Fargo & Company upped their price objective on shares of Century Aluminum from $46.00 to $61.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. One investment 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 company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $54.33.

Institutional Investors Weigh In On Century Aluminum

Several large investors have recently made changes to their positions in CENX. Glencore plc lifted its position in Century Aluminum by 33.6% in the 4th quarter. Glencore plc now owns 53,511,894 shares of the industrial products company’s stock valued at $2,096,596,000 after acquiring an additional 13,454,538 shares in the last quarter. Boston Partners raised its stake in shares of Century Aluminum by 340.1% in the 2nd quarter. Boston Partners now owns 1,733,668 shares of the industrial products company’s stock valued at $31,248,000 after purchasing an additional 1,339,744 shares during the period. Sourcerock Group LLC lifted its holdings in shares of Century Aluminum by 612.0% in the second quarter. Sourcerock Group LLC now owns 1,424,088 shares of the industrial products company’s stock valued at $25,662,000 after purchasing an additional 1,224,088 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Century Aluminum by 18.7% in the fourth quarter. Vanguard Group Inc. now owns 6,939,794 shares of the industrial products company’s stock valued at $271,901,000 after purchasing an additional 1,094,257 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Century Aluminum by 392.3% during the third quarter. American Century Companies Inc. now owns 767,692 shares of the industrial products company’s stock worth $22,539,000 after buying an additional 611,758 shares during the period. Institutional investors own 61.59% of the company’s stock.

About Century Aluminum

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.