Insider Selling: Century Aluminum Co (CENX) Insider Sells 27,618 Shares of Stock
Century Aluminum Co (NASDAQ:CENX) insider Michael A. Bless sold 27,618 shares of Century Aluminum stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $14.88, for a total transaction of $410,955.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Century Aluminum Co (NASDAQ:CENX) remained flat at $14.83 during midday trading on Friday. 594,960 shares of the company’s stock were exchanged. The firm’s 50-day moving average price is $13.24 and its 200-day moving average price is $12.18. Century Aluminum Co has a 1-year low of $5.53 and a 1-year high of $16.53. The company’s market cap is $1.29 billion.
Century Aluminum (NASDAQ:CENX) last released its earnings results on Tuesday, April 25th. The industrial products company reported ($0.05) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.10. Century Aluminum had a negative return on equity of 10.68% and a negative net margin of 9.32%. The business had revenue of $365.80 million for the quarter, compared to the consensus estimate of $364.33 million. During the same period in the previous year, the company posted ($0.23) earnings per share. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. On average, analysts predict that Century Aluminum Co will post $0.75 EPS for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in the company. Numeric Investors LLC bought a new stake in Century Aluminum during the fourth quarter valued at approximately $122,000. Clinton Group Inc. bought a new stake in Century Aluminum during the first quarter valued at approximately $143,000. Mason Street Advisors LLC increased its stake in Century Aluminum by 7.2% in the first quarter. Mason Street Advisors LLC now owns 11,629 shares of the industrial products company’s stock valued at $148,000 after buying an additional 783 shares during the period. 361 Capital LLC bought a new stake in Century Aluminum during the first quarter valued at approximately $162,000. Finally, Laurion Capital Management LP increased its stake in Century Aluminum by 27.9% in the first quarter. Laurion Capital Management LP now owns 13,300 shares of the industrial products company’s stock valued at $169,000 after buying an additional 2,900 shares during the period. 60.27% of the stock is currently owned by institutional investors and hedge funds.
CENX has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Century Aluminum from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Tuesday, February 21st. Deutsche Bank AG downgraded shares of Century Aluminum from a “hold” rating to a “sell” rating and lifted their price objective for the company from $9.00 to $10.00 in a report on Tuesday, February 28th. They noted that the move was a valuation call. BMO Capital Markets reiterated a “hold” rating and issued a $14.00 price objective on shares of Century Aluminum in a report on Wednesday, April 26th. Cowen and Company lowered their price objective on shares of Century Aluminum from $11.00 to $8.00 and set a “market perform” rating on the stock in a report on Wednesday, April 19th. Finally, TheStreet upgraded shares of Century Aluminum from a “d+” rating to a “c” rating in a report on Monday, February 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $12.80.
About Century Aluminum
Century Aluminum Company (Century) is a holding company, which is a producer of primary aluminum and operates aluminum reduction facilities, or smelters, in the United States and Iceland. The Company operates through primary aluminum segment. The Company’s primary aluminum facilities produce standard grade primary aluminum products.
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