21 MARCH 2014www.wkrb13.com
Noranda major shareholder Holdings Lp Noranda sales 4,794,970 Shares
Edited by : AL CIRCLE
2 min read
Noranda Aluminum Holding Corp. major shareholder Holdings Lp Noranda sold 4,794,970 shares of the stock on the open market in a transaction dated Monday, March 17th. The stock was sold at an average price of $4.50, for a total transaction of $21,577,365.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Separately, analysts at TheStreet downgraded shares of Noranda Aluminum Holding Corp. from a “hold” rating to a “sell” rating in a research note on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $3.29.
Shares of Noranda Aluminum Holding Corp. traded down 2.05% on Wednesday, hitting $4.29. 2,084,193 shares of the company’s stock traded hands. Noranda Aluminum Holding Corp. has a 52-week low of $2.21 and a 52-week high of $5.08. The stock has a 50-day moving average of $3.95 and a 200-day moving average of $3.06. The company’s market cap is $292.3 million.
Noranda Aluminum Holding Corp. last released its earnings data on Wednesday, February 19th. The company reported $0.12 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.19) by $0.31. The company had revenue of $339.90 million for the quarter, compared to the consensus estimate of $296.14 million. Analysts expect that Noranda Aluminum Holding Corp. will post $-0.49 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, March 26th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Thursday, February 27th.
Noranda Aluminum Holding Corporation is a North American integrated producer of aluminum products and rolled aluminum coils.
Separately, analysts at TheStreet downgraded shares of Noranda Aluminum Holding Corp. from a “hold” rating to a “sell” rating in a research note on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $3.29.
Shares of Noranda Aluminum Holding Corp. traded down 2.05% on Wednesday, hitting $4.29. 2,084,193 shares of the company’s stock traded hands. Noranda Aluminum Holding Corp. has a 52-week low of $2.21 and a 52-week high of $5.08. The stock has a 50-day moving average of $3.95 and a 200-day moving average of $3.06. The company’s market cap is $292.3 million.
Noranda Aluminum Holding Corp. last released its earnings data on Wednesday, February 19th. The company reported $0.12 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.19) by $0.31. The company had revenue of $339.90 million for the quarter, compared to the consensus estimate of $296.14 million. Analysts expect that Noranda Aluminum Holding Corp. will post $-0.49 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, March 26th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Thursday, February 27th.
Noranda Aluminum Holding Corporation is a North American integrated producer of aluminum products and rolled aluminum coils.
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