JPMorgan Chase & Co. Decreases Holdings in Century Aluminum (NASDAQ:CENX)

JPMorgan Chase & Co. reduced its stake in shares of Century Aluminum (NASDAQ:CENX - Free Report) by 77.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 217,042 shares of the industrial products company's stock after selling 741,991 shares during the period. JPMorgan Chase & Co. owned approximately 0.23% of Century Aluminum worth $3,955,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. AlphaQuest LLC raised its position in Century Aluminum by 2,889.3% in the 4th quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company's stock valued at $46,000 after buying an additional 2,427 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in Century Aluminum during the 4th quarter worth about $54,000. Nisa Investment Advisors LLC boosted its stake in shares of Century Aluminum by 159.2% during the 4th 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 last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Century Aluminum in the 4th quarter valued at about $199,000. Finally, Inceptionr LLC bought a new position in shares of Century Aluminum in the 4th quarter valued at about $207,000. Institutional investors own 61.59% of the company's stock.

Century Aluminum Trading Down 1.8 %

Shares of NASDAQ:CENX traded down $0.31 during mid-day trading on Friday, reaching $16.94. 171,193 shares of the company's stock were exchanged, compared to its average volume of 1,388,138. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 5.36 and a beta of 2.56. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.56 and a current ratio of 1.71. Century Aluminum has a twelve month low of $11.40 and a twelve month high of $25.39. The business's fifty day moving average price is $17.84 and its 200-day moving average price is $19.10.

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

Analyst Upgrades and Downgrades

CENX has been the subject of several recent research reports. 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 report on Monday, February 24th. StockNews.com downgraded Century Aluminum from a "hold" rating to a "sell" rating in a report on Monday, March 24th.

Insider Buying and Selling

In related news, CAO Robert F. Hoffman sold 2,500 shares of the company's stock in a transaction 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 owns 64,083 shares in the company, valued at approximately $1,281,019.17. This represents a 3.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.68% of the stock is owned by company insiders.

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.