JPMorgan Chase & Co. Has $3.96 Million Holdings in Century Aluminum (NASDAQ:CENX)

JPMorgan Chase & Co. lessened its position in Century Aluminum (NASDAQ:CENX - Free Report) by 77.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 217,042 shares of the industrial products company's stock after selling 741,991 shares during the period. JPMorgan Chase & Co. owned 0.23% of Century Aluminum worth $3,955,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Barclays PLC increased its stake in shares of Century Aluminum by 266.5% in the third quarter. Barclays PLC now owns 97,396 shares of the industrial products company's stock valued at $1,581,000 after buying an additional 70,825 shares during the period. Geode Capital Management LLC grew its holdings in Century Aluminum by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,279,772 shares of the industrial products company's stock worth $20,774,000 after acquiring an additional 13,486 shares during the last quarter. Franklin Resources Inc. increased its position in Century Aluminum by 7.9% in the 3rd quarter. Franklin Resources Inc. now owns 30,115 shares of the industrial products company's stock valued at $524,000 after acquiring an additional 2,198 shares during the period. Principal Financial Group Inc. raised its stake in shares of Century Aluminum by 17.0% during the third quarter. Principal Financial Group Inc. now owns 301,992 shares of the industrial products company's stock valued at $4,901,000 after acquiring an additional 43,881 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in shares of Century Aluminum during the fourth quarter worth $54,000. 61.59% of the stock is currently owned by institutional investors.

Insider Transactions at Century Aluminum

In related news, CAO Robert F. Hoffman sold 2,500 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $19.99, for a total transaction of $49,975.00. Following the transaction, the chief accounting officer now owns 64,083 shares in the company, valued at $1,281,019.17. The trade was a 3.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.68% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on CENX shares. StockNews.com downgraded Century Aluminum from a "hold" rating to a "sell" rating in a report on Monday, March 24th. BMO Capital Markets raised Century Aluminum from a "market perform" rating to an "outperform" rating and set a $22.00 price target for the company in a research note on Monday, February 24th.

Century Aluminum Trading Up 5.0 %

NASDAQ CENX traded up $0.80 during mid-day trading on Wednesday, reaching $16.87. 1,616,014 shares of the stock were exchanged, compared to its average volume of 1,393,086. The stock has a 50 day simple moving average of $18.00 and a 200-day simple moving average of $19.11. Century Aluminum has a one year low of $11.40 and a one 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 stock has a market cap of $1.56 billion, a P/E ratio of 5.34 and a beta of 2.56.

Century Aluminum (NASDAQ:CENX - Get Free Report) last announced its earnings results on Thursday, February 20th. The industrial products company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.42 by $0.05. The company had revenue of $631.00 million for the quarter, compared to analyst estimates of $515.27 million. Century Aluminum had a return on equity of 13.38% and a net margin of 14.69%. During the same quarter in the prior year, the company earned $0.39 EPS. On average, analysts anticipate that Century Aluminum will post 2.76 EPS for the current year.

About Century Aluminum

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.