Mountaineer Partners Management LLC Has $11.80 Million Position in Century Aluminum (NASDAQ:CENX)

Mountaineer Partners Management LLC decreased its position in Century Aluminum (NASDAQ:CENX - Free Report) by 54.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 647,845 shares of the industrial products company's stock after selling 759,986 shares during the quarter. Century Aluminum makes up 8.6% of Mountaineer Partners Management LLC's portfolio, making the stock its biggest holding. Mountaineer Partners Management LLC owned 0.70% of Century Aluminum worth $11,804,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC raised its stake in shares of Century Aluminum by 159.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,256 shares of the industrial products company's stock worth $59,000 after buying an additional 2,000 shares during the period. New Age Alpha Advisors LLC purchased a new stake in shares of Century Aluminum during the fourth quarter worth about $39,000. Franklin Resources Inc. grew its position in shares of Century Aluminum by 7.9% during the third quarter. Franklin Resources Inc. now owns 30,115 shares of the industrial products company's stock worth $524,000 after purchasing an additional 2,198 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Century Aluminum by 0.6% during the fourth quarter. Wellington Management Group LLP now owns 411,589 shares of the industrial products company's stock worth $7,499,000 after purchasing an additional 2,358 shares in the last quarter. Finally, AlphaQuest LLC grew its position in shares of Century Aluminum by 2,889.3% during the fourth quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company's stock worth $46,000 after purchasing an additional 2,427 shares in the last quarter. Institutional investors own 61.59% of the company's stock.

Insider Activity

In related news, CAO Robert F. Hoffman sold 2,500 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $19.99, for a total transaction of $49,975.00. Following the completion of the sale, the chief accounting officer now directly owns 64,083 shares of the company's stock, valued at approximately $1,281,019.17. This trade represents a 3.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.76% of the company's stock.

Century Aluminum Price Performance

Century Aluminum stock traded down $0.13 during midday trading on Friday, reaching $16.39. 1,450,654 shares of the stock traded hands, compared to its average volume of 1,414,029. The stock has a market cap of $1.53 billion, a P/E ratio of 5.19 and a beta of 2.70. Century Aluminum has a 12 month low of $11.40 and a 12 month high of $25.39. The stock's fifty day moving average is $17.09 and its 200-day moving average is $19.05. The company has a quick ratio of 0.56, a current ratio of 1.71 and a debt-to-equity ratio of 0.71.

Century Aluminum (NASDAQ:CENX - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.25). The company had revenue of $633.90 million during the quarter, compared to the consensus estimate of $643.80 million. Century Aluminum had a net margin of 14.69% and a return on equity of 13.38%. As a group, equities research analysts anticipate that Century Aluminum will post 2.76 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CENX. StockNews.com upgraded Century Aluminum from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. BMO Capital Markets upgraded Century Aluminum from a "market perform" rating to an "outperform" rating and set a $22.00 target price for the company in a research report on Monday, February 24th.

Century Aluminum 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.