John Dezee Sells 66,000 Shares of Century Aluminum (NASDAQ:CENX) Stock

Century Aluminum Company (NASDAQ:CENX) EVP John Dezee sold 66,000 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $50.72, for a total transaction of $3,347,520.00. Following the completion of the transaction, the executive vice president owned 97,647 shares in the company, valued at approximately $4,952,655.84. This represents a 40.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Century Aluminum Trading Down 1.5%

Shares of NASDAQ:CENX opened at $52.21 on Friday. The firm has a fifty day moving average of $46.45 and a two-hundred day moving average of $34.26. The company has a quick ratio of 0.98, a current ratio of 1.97 and a debt-to-equity ratio of 0.51. Century Aluminum Company has a 12-month low of $13.05 and a 12-month high of $55.99. The firm has a market capitalization of $4.87 billion, a P/E ratio of 130.53 and a beta of 2.24.

Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings data 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. Century Aluminum had a return on equity of 5.55% and a net margin of 1.65%.The business had revenue of $633.70 million during the quarter, compared to analyst estimates of $661.63 million. During the same period last year, the company earned $0.49 earnings per share. Century Aluminum’s quarterly revenue was up .4% compared to the same quarter last year. On average, equities analysts expect that Century Aluminum Company will post 2.76 EPS for the current fiscal year.

Hedge Funds Weigh In On Century Aluminum

Several large investors have recently made changes to their positions in the business. Jones Financial Companies Lllp bought a new position in Century Aluminum in the 1st quarter worth approximately $25,000. Private Trust Co. NA acquired a new position in Century Aluminum during the 4th quarter valued at $28,000. EverSource Wealth Advisors LLC grew its position 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 last quarter. Advisory Services Network LLC bought a new position in shares of Century Aluminum during the 3rd quarter worth about $34,000. Finally, Transamerica Financial Advisors LLC acquired a new position in shares of Century Aluminum during the fourth quarter valued at about $40,000. Institutional investors and hedge funds own 61.59% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on CENX shares. Wells Fargo & Company increased their price objective on Century Aluminum from $46.00 to $61.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. B. Riley Financial increased their price target on shares of Century Aluminum from $64.00 to $68.00 and gave the stock a “buy” rating in a research note on Tuesday. Zacks Research raised shares of Century Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Century Aluminum in a report on Wednesday, January 21st. Finally, Wall Street Zen upgraded Century Aluminum from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. 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. According to MarketBeat.com, Century Aluminum has a consensus rating of “Buy” and an average price target of $54.33.

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.