Century Aluminum (CENX) Falls 7.4% Despite Strong Q2 Results

Century Aluminum Company (CENX) is down 7.4% today. Here is some analysis on what might have caused this price movement.

Analysis: The move does not appear tied to a clearly negative company announcement today. This could be because investors are taking profits after reviewing last week's strong second-quarter report and deciding the upside was already reflected in the stock, especially after management's third-quarter outlook landed roughly in line with the very strong second-quarter run rate.

Details:

Century reported second-quarter net sales of $752.1 million, up from $649.2 million in the prior quarter, while adjusted EBITDA rose to $326.9 million from $231.4 million.

Management said higher realized metal prices and higher shipments were driven by the Mt. Holly restart and improved production at Grundartangi, showing the operating backdrop remained favorable.

Third-quarter adjusted EBITDA guidance was set at $325 million to $345 million, which suggests continued strength but not a major step-up from the second quarter's $326.9 million result.

The company also said cash exceeded total debt by the end of July, so the selloff looks more consistent with positioning, valuation reset, or broader aluminum-price sensitivity than with a fresh balance-sheet concern.

Sources:

Century Aluminum Company, SEC, StockAnalysis

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$CENX Insider Trading Activity

$CENX insiders have traded $CENX stock on the open market 10 times in the past 6 months. Of those trades, 0 have been purchases and 10 have been sales.

Here’s a breakdown of recent trading of $CENX stock by insiders over the last 6 months:

INTERNATIONAL AG GLENCORE sold 6,315,245 shares for an estimated $326,813,928
JESSE E GARY (President and CEO) sold 150,000 shares for an estimated $8,320,500
JOHN DEZEE (EVP, GC and Secretary) sold 66,000 shares for an estimated $3,347,520
GUNNAR GUDLAUGSSON (EVP - Global Operations) sold 43,000 shares for an estimated $2,326,300
ROBERT F HOFFMAN (SVP, IT and CAO) has made 0 purchases and 2 sales selling 20,529 shares for an estimated $1,158,293.
KENNETH L CALLOWAY (SVP, Human Resources) sold 18,000 shares for an estimated $1,044,000
PETER A TRPKOVSKI (EVP, CFO) sold 16,739 shares for an estimated $845,486
MATT ABOUD (SVP, Strategy & Business Dev't) has made 0 purchases and 2 sales selling 15,097 shares for an estimated $793,097.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$CENX Hedge Fund Activity

We have seen 238 institutional investors add shares of $CENX stock to their portfolio, and 172 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC added 2,651,348 shares (+30454.3%) to their portfolio in Q1 2026, for an estimated $155,607,614
BLACKROCK, INC. added 1,294,526 shares (+14.4%) to their portfolio in Q2 2026, for an estimated $59,561,141
JANE STREET GROUP, LLC added 1,279,424 shares (+3081.6%) to their portfolio in Q1 2026, for an estimated $75,089,394
ENCOMPASS CAPITAL ADVISORS LLC added 1,051,525 shares (+210.4%) to their portfolio in Q1 2026, for an estimated $61,714,002
SOURCEROCK GROUP LLC removed 934,735 shares (-25.8%) from their portfolio in Q1 2026, for an estimated $54,859,597
STATE STREET CORP added 875,180 shares (+18.8%) to their portfolio in Q2 2026, for an estimated $40,267,031
MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. removed 693,692 shares (-46.4%) from their portfolio in Q1 2026, for an estimated $40,712,783

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$CENX Price Targets

Multiple analysts have issued price targets for $CENX recently. We have seen 3 analysts offer price targets for $CENX in the last 6 months, with a median target of $79.0.

Here are some recent targets:

Nick Giles from B. Riley Securities set a target price of $74.0 on 07/07/2026
Timna Tanners from Wells Fargo set a target price of $79.0 on 05/08/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.