Mountaineer Partners Management LLC Lowers Stake in Century Aluminum Company $CENX

Mountaineer Partners Management LLC lessened its stake in Century Aluminum Company (NASDAQ:CENX) by 8.0% during the fourth quarter, HoldingsChannel reports. The firm owned 608,475 shares of the industrial products company’s stock after selling 52,568 shares during the period. Century Aluminum comprises approximately 13.3% of Mountaineer Partners Management LLC’s portfolio, making the stock its biggest holding. Mountaineer Partners Management LLC’s holdings in Century Aluminum were worth $23,840,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Nicholas Investment Partners LP bought a new stake in shares of Century Aluminum in the 4th quarter worth approximately $11,400,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Century Aluminum in the 4th quarter worth approximately $2,257,000. Impala Asset Management LLC raised its holdings in shares of Century Aluminum by 24.5% in the 4th quarter. Impala Asset Management LLC now owns 857,805 shares of the industrial products company’s stock worth $33,609,000 after purchasing an additional 168,805 shares during the period. Entropy Technologies LP raised its holdings in shares of Century Aluminum by 3.2% in the 4th quarter. Entropy Technologies LP now owns 26,953 shares of the industrial products company’s stock worth $1,056,000 after purchasing an additional 830 shares during the period. Finally, Barclays PLC raised its holdings in shares of Century Aluminum by 21.4% in the 4th quarter. Barclays PLC now owns 104,819 shares of the industrial products company’s stock worth $4,107,000 after purchasing an additional 18,489 shares during the period. Institutional investors own 61.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Zacks Research cut shares of Century Aluminum from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. Wall Street Zen raised shares of Century Aluminum from a “buy” rating to a “strong-buy” rating in a report on Saturday. Weiss Ratings raised shares of Century Aluminum from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. BMO Capital Markets set a $75.00 target price on shares of Century Aluminum and gave the company an “outperform” rating in a report on Thursday, April 9th. Finally, B. Riley Financial boosted their target price on shares of Century Aluminum from $68.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, April 7th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Century Aluminum has an average rating of “Moderate Buy” and an average price target of $80.00.

Century Aluminum Stock Performance

Shares of CENX stock opened at $61.19 on Monday. The company’s fifty day simple moving average is $62.70 and its two-hundred day simple moving average is $51.36. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.30 and a quick ratio of 1.36. Century Aluminum Company has a 1 year low of $16.59 and a 1 year high of $70.43. The stock has a market capitalization of $6.06 billion, a price-to-earnings ratio of 18.27 and a beta of 1.90.

About Century Aluminum

Century Aluminum Company is a primary aluminum producer that develops and operates smelters designed to supply low-carbon, high-purity aluminum products to a range of industrial and commercial markets. Established in 1995, the company has grown to become a significant North American aluminum producer with an expanding international footprint. Century Aluminum is headquartered in the United States and is focused on energy-efficient operations and cost management.

The company’s core operations include three primary aluminum smelting facilities located in Hawesville, Kentucky; Mount Holly, South Carolina; and Grundartangi, Iceland.