Kaiser Aluminum (NASDAQ:KALU - Get Free Report) was downgraded by research analysts at StockNews.com from a "hold" rating to a "sell" rating in a report released on Saturday.
Kaiser Aluminum Price Performance
KALU stock traded down $0.19 during midday trading on Friday, reaching $70.21. 87,971 shares of the company's stock traded hands, compared to its average volume of 128,569. The company has a 50-day simple moving average of $70.82 and a two-hundred day simple moving average of $73.21. Kaiser Aluminum has a 1-year low of $63.44 and a 1-year high of $102.42. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 24.46 and a beta of 1.37. The company has a quick ratio of 1.36, a current ratio of 2.44 and a debt-to-equity ratio of 1.56.
Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.63 by ($0.30). Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. The business had revenue of $765.40 million for the quarter, compared to analyst estimates of $752.00 million. During the same period in the prior year, the business earned $0.60 earnings per share. On average, analysts anticipate that Kaiser Aluminum will post 5.14 earnings per share for the current year.
Institutional Investors Weigh In On Kaiser Aluminum
Hedge funds and other institutional investors have recently made changes to their positions in the company. Point72 DIFC Ltd acquired a new stake in shares of Kaiser Aluminum in the 3rd quarter valued at $41,000. AlphaQuest LLC lifted its holdings in Kaiser Aluminum by 497.2% during the fourth quarter. AlphaQuest LLC now owns 651 shares of the industrial products company's stock worth $46,000 after acquiring an additional 542 shares in the last quarter. Jones Financial Companies Lllp bought a new position in Kaiser Aluminum during the fourth quarter worth about $52,000. KBC Group NV lifted its holdings in Kaiser Aluminum by 93.0% during the fourth quarter. KBC Group NV now owns 851 shares of the industrial products company's stock worth $60,000 after acquiring an additional 410 shares in the last quarter. Finally, Aquatic Capital Management LLC lifted its holdings in Kaiser Aluminum by 87.1% during the fourth quarter. Aquatic Capital Management LLC now owns 1,684 shares of the industrial products company's stock worth $118,000 after acquiring an additional 784 shares in the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.
About Kaiser Aluminum
(
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Kaiser Aluminum Corporation, together with its subsidiaries, engages in manufacture and sale of semi-fabricated specialty aluminum mill products in the United States and internationally. It offers rolled, extruded, and drawn aluminum products used for aerospace and defense, aluminum beverage and food packaging, automotive and general engineering products.
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