Century Aluminum CEO Jesse Gary is selling $1.48 million worth of shares to Investing.com
Jesse E. Gary, President and Chief Executive Officer Century Aluminum Co (NASDAQ: ), recently made a significant sale of shares according to a recent filing. On December 26 and 27, Gary sold a total of 79,243 shares, earning approximately $1.48 million. The shares were sold at weighted average prices ranging from $18.48 to $18.97 per share. The stock, which has returned an impressive 51.65% over the past year, is currently trading at $18.23 with an extremely low P/E ratio of 5.52.
Following these transactions, Gary retains 753 shares held in trust, while an additional 324,657 shares, including non-vested restricted stock units, are held directly. The sales were part of routine financial management and were made under a self-settled, revocable trust. According to InvestingProCentury Aluminum maintains a GOOD financial health rating, with 8+ additional exclusive insights available to subscribers. The company’s comprehensive Pro Research Report, part of InvestingPro’s coverage of more than 1,400 US stocks, provides detailed analysis of financial position and growth prospects.
In other recent news, Century Aluminum reported significant changes in its executive leadership, promoting Rob Hoffman to senior vice president, chief information officer and chief accounting officer. This follows strong financial results in the third quarter, with adjusted EBITDA of $104 million, shipments of approximately 169,000 tons and net sales of $539 million. Analyst firms Wolfe Research and BMO Capital upgraded and adjusted their price targets for Century Aluminum, reflecting a positive outlook based on forecasts of higher aluminum prices.
Century Aluminum is also exploring strategic alternatives for the inactive Hawesville smelter, which could affect future operations and financial results. The company provided an EBITDA guidance range of US$70 million to US$80 million for the fourth quarter of 2024. Furthermore, Century Aluminum’s commitment to safety and operational stability at all smelters was highlighted, particularly in the Yamalac recovery following Hurricane Beryl. These are the latest developments in the company’s current operations.
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