Mountaineer Partners Management LLC Increases Holdings in Century Aluminum (NASDAQ:CENX)

Mountaineer Partners Management LLC boosted its holdings in shares of Century Aluminum (NASDAQ:CENX - Free Report) by 1,607.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,849,097 shares of the industrial products company's stock after purchasing an additional 21,510,639 shares during the period. Century Aluminum comprises approximately 3.1% of Mountaineer Partners Management LLC's holdings, making the stock its 11th largest holding. Mountaineer Partners Management LLC owned about 24.62% of Century Aluminum worth $370,841,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CENX. Price T Rowe Associates Inc. MD boosted its position in Century Aluminum by 6.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 34,013 shares of the industrial products company's stock valued at $524,000 after acquiring an additional 2,045 shares in the last quarter. Cetera Advisors LLC bought a new stake in Century Aluminum during the 1st quarter valued at approximately $521,000. Assenagon Asset Management S.A. boosted its position in Century Aluminum by 125.7% during 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 acquiring an additional 296,101 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Century Aluminum by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 366,804 shares of the industrial products company's stock valued at $6,144,000 after acquiring an additional 1,641 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Century Aluminum by 43.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,242 shares of the industrial products company's stock valued at $255,000 after acquiring an additional 4,598 shares in the last quarter. Hedge funds and other institutional investors own 61.59% of the company's stock.

Wall Street Analysts Forecast Growth

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

Century Aluminum Stock Down 0.9 %

CENX stock traded down $0.22 during midday trading on Wednesday, hitting $23.72. The company's stock had a trading volume of 677,225 shares, compared to its average volume of 1,319,513. The company has a market cap of $2.20 billion, a PE ratio of 8.01 and a beta of 2.50. Century Aluminum has a 12 month low of $7.28 and a 12 month high of $25.39. The company has a current ratio of 1.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.71. The firm's 50-day moving average is $19.18 and its 200-day moving average is $16.94.

Century Aluminum (NASDAQ:CENX - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 11.37% and a net margin of 14.60%. During the same period in the prior year, the firm posted ($0.13) EPS. On average, equities research analysts forecast that Century Aluminum will post 0.56 earnings per share for the current fiscal year.

Century Aluminum Company Profile

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.