Century Aluminum (NASDAQ:CENX) CEO Jesse E. Gary Sells 60,000 Shares of Stock

Century Aluminum (NASDAQ:CENX) CEO Jesse E. Gary sold 60,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $16.21, for a total transaction of $972,600.00. Following the sale, the chief executive officer now directly owns 62,447 shares in the company, valued at $1,012,265.87. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Century Aluminum Trading Up 5.3 %

Shares of NASDAQ:CENX opened at $16.75 on Friday. Century Aluminum has a 52 week low of $5.70 and a 52 week high of $19.88. The company’s 50 day moving average is $17.04 and its two-hundred day moving average is $13.87. The company has a current ratio of 1.67, a quick ratio of 0.63 and a debt-to-equity ratio of 0.77. The company has a market cap of $1.55 billion, a PE ratio of 7.68 and a beta of 2.57.

Century Aluminum (NASDAQ:CENX) last posted its earnings results on Wednesday, May 1st. The industrial products company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.20). The company had revenue of $489.50 million during the quarter, compared to analysts’ expectations of $520.30 million. Century Aluminum had a net margin of 10.72% and a return on equity of 4.27%. Equities analysts predict that Century Aluminum will post 0.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CENX has been the topic of several recent research reports. StockNews.com downgraded shares of Century Aluminum from a “hold” rating to a “sell” rating in a research note on Friday, May 3rd. BMO Capital Markets increased their price objective on shares of Century Aluminum from $15.00 to $16.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Cetera Advisors LLC purchased a new position in shares of Century Aluminum in the 1st quarter valued at $521,000. Price T Rowe Associates Inc. MD grew its position in shares of Century Aluminum by 6.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 34,013 shares of the industrial products company’s stock valued at $524,000 after buying an additional 2,045 shares during the last quarter. Castle Hook Partners LP grew its position in shares of Century Aluminum by 1,147.0% in the 1st quarter. Castle Hook Partners LP now owns 976,894 shares of the industrial products company’s stock valued at $15,034,000 after buying an additional 898,554 shares during the last quarter. Covestor Ltd grew its position in shares of Century Aluminum by 13,746.2% in the 1st quarter. Covestor Ltd now owns 1,800 shares of the industrial products company’s stock valued at $28,000 after buying an additional 1,787 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Century Aluminum by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 5,819,805 shares of the industrial products company’s stock valued at $89,567,000 after buying an additional 39,900 shares during the last quarter. 61.59% of the stock is owned by hedge funds and other institutional investors.

About Century Aluminum

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.