JPMorgan Chase & Co. Has $15.57 Million Holdings in Century Aluminum (NASDAQ:CENX)

JPMorgan Chase & Co. lifted its holdings in Century Aluminum (NASDAQ:CENX) by 49.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 959,033 shares of the industrial products company’s stock after acquiring an additional 319,164 shares during the period. JPMorgan Chase & Co.’s holdings in Century Aluminum were worth $15,565,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Principal Financial Group Inc. grew its stake in shares of Century Aluminum by 17.0% in 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 in the last quarter. Franklin Resources Inc. grew its stake in shares of Century Aluminum by 7.9% in the third 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 in the last quarter. Barclays PLC grew 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 acquiring an additional 70,825 shares in the last quarter. Geode Capital Management LLC lifted its position in Century Aluminum by 1.1% during the third quarter. Geode Capital Management LLC now owns 1,279,772 shares of the industrial products company’s stock worth $20,774,000 after purchasing an additional 13,486 shares during the period. Finally, Impala Asset Management LLC lifted its position in Century Aluminum by 6.4% during the third quarter. Impala Asset Management LLC now owns 904,000 shares of the industrial products company’s stock worth $14,672,000 after purchasing an additional 54,000 shares during the period. 61.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CENX shares. Wolfe Research raised shares of Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 price objective for the company in a research report on Tuesday, December 3rd. StockNews.com raised shares of Century Aluminum from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. B. Riley upped their price objective on shares of Century Aluminum from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, BMO Capital Markets upped their price objective on shares of Century Aluminum from $16.00 to $18.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th.

Insider Transactions at Century Aluminum

In related news, CEO Jesse E. Gary sold 29,243 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $18.97, for a total value of $554,739.71. Following the completion of the transaction, the chief executive officer now owns 50,753 shares in the company, valued at $962,784.41. This trade represents a 36.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.68% of the company’s stock.

Century Aluminum Stock Down 0.1 %

CENX stock opened at $19.32 on Friday. The stock has a market capitalization of $1.79 billion, a P/E ratio of 6.46 and a beta of 2.53. The company has a current ratio of 1.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.71. Century Aluminum has a 12 month low of $9.65 and a 12 month high of $25.39. The firm has a 50-day moving average price of $20.79 and a 200-day moving average price of $17.47.

Century Aluminum (NASDAQ:CENX) last posted its earnings results on Monday, November 4th. The industrial products company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.31. The firm had revenue of $539.10 million during the quarter, compared to analysts’ expectations of $587.10 million. Century Aluminum had a net margin of 14.60% and a return on equity of 11.37%. During the same quarter in the prior year, the business earned ($0.13) earnings per share. As a group, equities research analysts anticipate that Century Aluminum will post 0.56 EPS for the current fiscal 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.