Century Aluminum Company $CENX Shares Sold by Encompass Capital Advisors LLC

Encompass Capital Advisors LLC lowered its position in shares of Century Aluminum Company (NASDAQ:CENX) by 38.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 499,837 shares of the industrial products company’s stock after selling 311,325 shares during the quarter. Encompass Capital Advisors LLC’s holdings in Century Aluminum were worth $19,584,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Lido Advisors LLC raised its stake in Century Aluminum by 1.5% during 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 in the last quarter. ProShare Advisors LLC raised its stake in Century Aluminum by 3.1% during the fourth quarter. ProShare Advisors LLC now owns 10,269 shares of the industrial products company’s stock valued at $402,000 after buying an additional 308 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Century Aluminum by 48.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,185 shares of the industrial products company’s stock valued at $47,000 after buying an additional 386 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Century Aluminum by 1.5% during the fourth quarter. State of Alaska Department of Revenue now owns 30,604 shares of the industrial products company’s stock valued at $1,198,000 after purchasing an additional 441 shares during the last quarter. Finally, Algert Global LLC grew its holdings in shares of Century Aluminum by 0.8% during the third quarter. Algert Global LLC now owns 53,943 shares of the industrial products company’s stock valued at $1,584,000 after purchasing an additional 450 shares during the last quarter. Institutional investors and hedge funds own 61.59% of the company’s stock.

Wall Street Analyst Weigh In

CENX has been the subject of several recent research reports. B. Riley Financial upped their target price on Century Aluminum from $68.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, April 7th. Weiss Ratings raised Century Aluminum from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Wells Fargo & Company upped their target price on Century Aluminum from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, May 8th. BMO Capital Markets set a $75.00 target price on Century Aluminum and gave the company an “outperform” rating in a report on Thursday, April 9th. Finally, Zacks Research lowered Century Aluminum from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $80.00.

Century Aluminum Stock Up 1.4%

NASDAQ:CENX opened at $54.31 on Thursday. The firm has a market capitalization of $5.38 billion, a PE ratio of 16.21 and a beta of 1.90. The stock has a 50 day moving average of $62.15 and a 200-day moving average of $51.89. Century Aluminum Company has a 52 week low of $16.59 and a 52 week high of $70.43. The company has a current ratio of 2.30, a quick ratio of 1.36 and a debt-to-equity ratio of 0.37.

Century Aluminum 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.