Century Aluminum’s Chief Accounting Officer, Robert F. Hoffman, has reportedly sold 3,000 shares of the company stocks in a transaction, at an average price of $12 for each stock. That brought the total transaction of $36,000.000.
Following the transaction, Mr. Hoffman owns 47,553 shares of Century Aluminum’s stock, valued at approximately $570,636.
A number of hedge funds and several other institutional investors have also recently modified their holdings. State Street Corp has increased its stake in Century Aluminum by 87.9 per cent, acquiring an additional 4,927,814 shares. The company thus owns 10,536,517 shares worth $77,654,000.
Millennium Management LLC has purchased 1,107,112 shares and thus now owns 1,341,811 shares of Century Aluminum worth $9,889,000.
Early last week, on Monday, Century Aluminum’s shares opened at $12.65. The company’s fifty day simple moving average is $7.72 and its 200-day simple moving average is $7.97. Century Aluminum has a market capitalisation of $1.17 billion, with a price-to-earnings ratio of -6.20.
As per the year’s third quarter report, which Century Aluminum announced last month, its reported earnings per share for the quarter were $0.13 in contrast to analysts’ consensus estimates of $0.19. The business had revenue of $545.20 million for the quarter, higher than analysts’ estimates of $542.30 million.
Recently, several equities analysts have commented on the stock; such as BMO Capital Markets has raised their price target on shares from $8.00 to $12.00, giving the company a ‘market perform’ rating in a research report. Wolfe Research has also raised shares of Century Aluminum from a ‘underperform’ rating to a ‘peer perform’ rating. On the other hand, StockNews.com has cut shares from a ‘hold’ rating to a ‘sell’ rating.
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