Insider Buying: Century Aluminum Co (CENX) Director Buys 10,000 Shares of Stock

Century Aluminum Co (NASDAQ:CENX) Director Jarl Berntzen bought 10,000 shares of the firm’s stock in a transaction on Tuesday, October 30th. The shares were bought at an average cost of $7.80 per share, with a total value of $78,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of CENX stock traded up $0.11 on Wednesday, hitting $7.94. The company’s stock had a trading volume of 2,809,992 shares, compared to its average volume of 2,231,445. The company has a current ratio of 2.56, a quick ratio of 0.87 and a debt-to-equity ratio of 0.30. Century Aluminum Co has a fifty-two week low of $7.65 and a fifty-two week high of $24.77. The firm has a market cap of $676.28 million, a PE ratio of 22.06 and a beta of 0.71.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings data on Thursday, October 25th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. Century Aluminum had a net margin of 1.80% and a return on equity of 6.51%. The business had revenue of $481.80 million during the quarter, compared to analyst estimates of $469.09 million. As a group, analysts forecast that Century Aluminum Co will post -0.2 EPS for the current fiscal year.



A number of equities research analysts have issued reports on CENX shares. Deutsche Bank lowered shares of Century Aluminum from a “buy” rating to a “hold” rating and decreased their target price for the company from $20.00 to $15.00 in a research note on Tuesday, October 2nd. Berenberg Bank began coverage on shares of Century Aluminum in a research note on Friday, September 21st. They set a “sell” rating and a $10.00 target price for the company. ValuEngine raised shares of Century Aluminum from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 17th. BMO Capital Markets reduced their price objective on shares of Century Aluminum from $17.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, October 26th. Finally, BidaskClub lowered shares of Century Aluminum from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 9th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $15.63.

Hedge funds have recently added to or reduced their stakes in the stock. Mainstay Capital Management LLC ADV lifted its position in Century Aluminum by 421.0% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 85,165 shares of the industrial products company’s stock worth $4,800,000 after acquiring an additional 68,820 shares during the last quarter. OppenheimerFunds Inc. lifted its position in Century Aluminum by 27.8% during the 2nd quarter. OppenheimerFunds Inc. now owns 60,446 shares of the industrial products company’s stock worth $952,000 after acquiring an additional 13,149 shares during the last quarter. Principal Financial Group Inc. lifted its position in Century Aluminum by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 382,560 shares of the industrial products company’s stock worth $6,328,000 after acquiring an additional 10,091 shares during the last quarter. United Services Automobile Association acquired a new position in Century Aluminum during the 2nd quarter worth $40,705,000. Finally, Tibra Equities Europe Ltd acquired a new position in Century Aluminum during the 2nd quarter worth $292,000. 55.99% of the stock is owned by institutional investors and hedge funds.

Century Aluminum Company Profile

Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum in the United States and Iceland. The company was founded in 1995 and is headquartered in Chicago, Illinois.

Recommended Story: What are the risks of holding treasury bonds?

Receive News & Ratings for Century Aluminum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Aluminum and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply