Impala Asset Management LLC Has $14.67 Million Position in Century Aluminum (NASDAQ:CENX)

Impala Asset Management LLC raised its stake in Century Aluminum (NASDAQ:CENX - Free Report) by 6.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 904,000 shares of the industrial products company's stock after buying an additional 54,000 shares during the quarter. Century Aluminum accounts for about 10.2% of Impala Asset Management LLC's holdings, making the stock its 3rd biggest position. Impala Asset Management LLC owned approximately 0.97% of Century Aluminum worth $14,672,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mountaineer Partners Management LLC grew its holdings in Century Aluminum by 1,607.1% during the third quarter. Mountaineer Partners Management LLC now owns 22,849,097 shares of the industrial products company's stock valued at $370,841,000 after purchasing an additional 21,510,639 shares during the last quarter. Encompass Capital Advisors LLC lifted its position in shares of Century Aluminum by 1,208.7% during the 2nd quarter. Encompass Capital Advisors LLC now owns 1,401,638 shares of the industrial products company's stock worth $23,477,000 after purchasing an additional 1,294,538 shares during the last quarter. Bank of Montreal Can boosted its stake in Century Aluminum by 341.1% during the 2nd quarter. Bank of Montreal Can now owns 411,968 shares of the industrial products company's stock valued at $6,900,000 after purchasing an additional 318,579 shares during the period. Assenagon Asset Management S.A. grew its holdings in Century Aluminum by 125.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 531,679 shares of the industrial products company's stock valued at $8,906,000 after buying an additional 296,101 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Century Aluminum by 30.4% in the 2nd quarter. American Century Companies Inc. now owns 1,186,243 shares of the industrial products company's stock worth $19,870,000 after buying an additional 276,304 shares during the period. 61.59% of the stock is currently owned by hedge funds and other institutional investors.

Century Aluminum Stock Performance

Century Aluminum stock traded down $0.06 on Tuesday, hitting $22.16. The company's stock had a trading volume of 790,624 shares, compared to its average volume of 1,314,206. Century Aluminum has a one year low of $7.63 and a one year high of $25.39. The firm has a market cap of $2.06 billion, a P/E ratio of 7.41 and a beta of 2.50. The company has a quick ratio of 0.56, a current ratio of 1.71 and a debt-to-equity ratio of 0.71. The company has a fifty day moving average price of $19.88 and a 200-day moving average price of $17.10.

Century Aluminum (NASDAQ:CENX - Get Free Report) last posted its earnings results on Monday, November 4th. The industrial products company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.31. The business had revenue of $539.10 million for the quarter, compared to analysts' expectations of $587.10 million. Century Aluminum had a net margin of 14.60% and a return on equity of 11.37%. During the same quarter in the previous year, the firm posted ($0.13) earnings per share. On average, equities analysts anticipate that Century Aluminum will post 0.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. BMO Capital Markets boosted their target price on shares of Century Aluminum from $16.00 to $18.00 and gave the stock a "market perform" rating in a research report on Tuesday, November 5th. B. Riley boosted their price objective on shares of Century Aluminum from $22.00 to $24.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Wolfe Research upgraded shares of Century Aluminum from a "peer perform" rating to an "outperform" rating and set a $27.00 target price for the company in a research note on Tuesday, December 3rd. Finally, StockNews.com upgraded Century Aluminum from a "sell" rating to a "hold" rating in a research note on Saturday, November 9th.

About Century Aluminum

Century Aluminum Company, together with its subsidiaries, engages in the production of standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates an alumina production facility in Iceland, and a carbon anode production facility in the Netherlands.