Mountaineer Partners Management LLC Has $23.84 Million Position in Century Aluminum Company $CENX

Mountaineer Partners Management LLC trimmed its stake in Century Aluminum Company (NASDAQ:CENX) by 8.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 investment portfolio, making the stock its biggest position. Mountaineer Partners Management LLC owned approximately 0.65% of Century Aluminum worth $23,840,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Lido Advisors LLC increased its stake in shares of Century Aluminum by 1.5% in the fourth quarter. Lido Advisors LLC now owns 12,911 shares of the industrial products company’s stock valued at $506,000 after buying an additional 196 shares during the period. ProShare Advisors LLC raised its position in shares of Century Aluminum by 3.1% in the 4th quarter. ProShare Advisors LLC now owns 10,269 shares of the industrial products company’s stock worth $402,000 after acquiring an additional 308 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Century Aluminum by 48.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,185 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 386 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Century Aluminum by 1.5% in the 4th quarter. State of Alaska Department of Revenue now owns 30,604 shares of the industrial products company’s stock worth $1,198,000 after acquiring an additional 441 shares in the last quarter. Finally, Algert Global LLC raised its position in shares of Century Aluminum by 0.8% in the 3rd quarter. Algert Global LLC now owns 53,943 shares of the industrial products company’s stock worth $1,584,000 after acquiring an additional 450 shares in the last quarter. Institutional investors and hedge funds own 61.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CENX. Wells Fargo & Company lifted their price objective on Century Aluminum from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. B. Riley Financial raised their target price on Century Aluminum from $68.00 to $86.00 and gave the company a “buy” rating in a research note on Tuesday, April 7th. Wall Street Zen upgraded Century Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Saturday. BMO Capital Markets set a $75.00 target price on Century Aluminum and gave the company an “outperform” rating in a research note on Thursday, April 9th. Finally, Weiss Ratings upgraded Century Aluminum from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $80.00.

Century Aluminum Price Performance

Shares of NASDAQ CENX opened at $61.19 on Monday. Century Aluminum Company has a twelve month low of $16.59 and a twelve month high of $70.43. The stock’s 50 day moving average price is $62.70 and its 200-day moving average price is $51.36. The company has a market capitalization of $6.06 billion, a PE ratio of 18.27 and a beta of 1.90. The company has a quick ratio of 1.36, a current ratio of 2.30 and a debt-to-equity ratio of 0.37.

Century Aluminum Company Profile

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.