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

Encompass Capital Advisors LLC lessened its stake in shares of Century Aluminum Company (NASDAQ:CENX) by 38.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). 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 owned 0.54% of Century Aluminum worth $19,584,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Jones Financial Companies Lllp acquired a new position in shares of Century Aluminum in the first quarter worth about $25,000. Private Trust Co. NA acquired a new position in shares of Century Aluminum in the fourth quarter worth about $28,000. EverSource Wealth Advisors LLC lifted its stake in shares of Century Aluminum by 253.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 1,306 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Century Aluminum in the third quarter worth about $34,000. Finally, Transamerica Financial Advisors LLC acquired a new position in shares of Century Aluminum in the fourth quarter worth about $40,000. Institutional investors and hedge funds own 61.59% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on CENX. Wall Street Zen upgraded Century Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 13th. Weiss Ratings upgraded Century Aluminum from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. Wells Fargo & Company boosted their price target on Century Aluminum from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. BMO Capital Markets set a $75.00 price target on Century Aluminum and gave the stock an “outperform” rating in a research note on Thursday, April 9th. Finally, Zacks Research cut Century Aluminum from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $80.00.

Century Aluminum Trading Up 1.4%

Shares of NASDAQ CENX opened at $54.31 on Thursday. The stock’s 50 day moving average price is $62.15 and its two-hundred day moving average price is $51.89. Century Aluminum Company has a 52-week low of $16.59 and a 52-week high of $70.43. The stock has a market capitalization of $5.38 billion, a P/E ratio of 16.21 and a beta of 1.90. The company has a quick ratio of 1.36, a current ratio of 2.30 and a debt-to-equity ratio of 0.37.

Century Aluminum Company 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.