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

Encompass Capital Advisors LLC lifted its position in shares of Century Aluminum Company (NASDAQ:CENX) by 210.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,551,362 shares of the industrial products company’s stock after acquiring an additional 1,051,525 shares during the quarter. Century Aluminum accounts for approximately 2.7% of Encompass Capital Advisors LLC’s investment portfolio, making the stock its 6th biggest holding. Encompass Capital Advisors LLC’s holdings in Century Aluminum were worth $91,049,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Glencore plc increased its stake in shares of Century Aluminum by 33.6% in the 4th quarter. Glencore plc now owns 53,511,894 shares of the industrial products company’s stock valued at $2,096,596,000 after purchasing an additional 13,454,538 shares in the last quarter. Sourcerock Group LLC raised its holdings in Century Aluminum by 612.0% in the 2nd quarter. Sourcerock Group LLC now owns 1,424,088 shares of the industrial products company’s stock worth $25,662,000 after purchasing an additional 1,224,088 shares during the period. Vanguard Group Inc. boosted its position in Century Aluminum by 18.7% during the fourth quarter. Vanguard Group Inc. now owns 6,939,794 shares of the industrial products company’s stock worth $271,901,000 after purchasing an additional 1,094,257 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Century Aluminum by 109.7% during the first quarter. Assenagon Asset Management S.A. now owns 1,830,324 shares of the industrial products company’s stock worth $107,422,000 after purchasing an additional 957,571 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in Century Aluminum in the second quarter valued at approximately $9,399,000. 61.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on CENX shares. Zacks Research cut Century Aluminum from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Weiss Ratings lowered Century Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 21st. Wells Fargo & Company lifted their price target on shares of Century Aluminum from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. BMO Capital Markets set a $75.00 price target on shares of Century Aluminum and gave the stock an “outperform” rating in a report on Thursday, April 9th. Finally, B. Riley Financial cut their price target on shares of Century Aluminum from $86.00 to $74.00 and set a “buy” rating for the company in a report on Tuesday, July 7th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $76.00.

Century Aluminum Stock Performance

NASDAQ:CENX opened at $44.87 on Tuesday. The company has a market cap of $4.44 billion, a P/E ratio of 13.39 and a beta of 1.96. Century Aluminum Company has a twelve month low of $20.21 and a twelve month high of $70.43. The company’s 50-day moving average price is $52.89 and its 200-day moving average price is $53.96. The company has a current ratio of 2.30, a quick ratio of 1.36 and a debt-to-equity ratio of 0.37.

About Century Aluminum

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.