Mountaineer Partners Management LLC decreased its holdings in Century Aluminum (NASDAQ:CENX - Free Report) by 54.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 647,845 shares of the industrial products company's stock after selling 759,986 shares during the quarter. Century Aluminum comprises approximately 8.6% of Mountaineer Partners Management LLC's portfolio, making the stock its biggest position. Mountaineer Partners Management LLC owned 0.70% of Century Aluminum worth $11,804,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. New Age Alpha Advisors LLC bought a new position in Century Aluminum in the fourth quarter worth $39,000. AlphaQuest LLC raised its holdings in Century Aluminum by 2,889.3% in 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. FNY Investment Advisers LLC bought a new position in Century Aluminum in the fourth quarter worth $54,000. Nisa Investment Advisors LLC raised its holdings in 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 purchasing an additional 2,000 shares in the last quarter. Finally, Corton Capital Inc. bought a new position in Century Aluminum in the fourth quarter worth $189,000. Hedge funds and other institutional investors own 61.59% of the company's stock.
Insiders Place Their Bets
In other Century Aluminum news, CAO Robert F. Hoffman sold 2,500 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $19.99, for a total value of $49,975.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.76% of the company's stock.
Century Aluminum Price Performance
Shares of NASDAQ:CENX opened at $17.38 on Tuesday. Century Aluminum has a 1-year low of $11.40 and a 1-year high of $25.39. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 0.56. The business has a fifty day moving average price of $17.17 and a 200-day moving average price of $19.09. The company has a market capitalization of $1.62 billion, a PE ratio of 5.50 and a beta of 2.70.
Century Aluminum (NASDAQ:CENX - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.25). The business had revenue of $633.90 million during the quarter, compared to the consensus estimate of $643.80 million. Century Aluminum had a return on equity of 13.38% and a net margin of 14.69%. As a group, equities analysts expect that Century Aluminum will post 2.76 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts have issued reports on the company. StockNews.com upgraded Century Aluminum from a "sell" rating to a "hold" rating in a report on Friday. BMO Capital Markets upgraded Century Aluminum from a "market perform" rating to an "outperform" rating and set a $22.00 price objective for the company in a report on Monday, February 24th.
Check Out Our Latest Report on CENX
Century Aluminum Profile
(
Free Report)
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.
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