Kaiser Aluminum (NASDAQ:KALU) Upgraded to Hold at StockNews.com

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) was upgraded by investment analysts at StockNews.com from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Sunday.

Kaiser Aluminum Price Performance

Shares of NASDAQ KALU traded down $1.18 during mid-day trading on Friday, reaching $65.36. The company's stock had a trading volume of 93,029 shares, compared to its average volume of 128,027. The stock has a fifty day moving average of $70.52 and a two-hundred day moving average of $73.09. The firm has a market capitalization of $1.05 billion, a PE ratio of 22.77 and a beta of 1.37. Kaiser Aluminum has a 52 week low of $63.44 and a 52 week high of $102.42. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.44 and a quick ratio of 1.36.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.63 by ($0.30). The company had revenue of $765.40 million for the quarter, compared to analysts' expectations of $752.00 million. Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. During the same period last year, the business earned $0.60 earnings per share. As a group, sell-side analysts anticipate that Kaiser Aluminum will post 5.14 EPS for the current fiscal year.

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Institutional Investors Weigh In On Kaiser Aluminum

Several hedge funds and other institutional investors have recently modified their holdings of KALU. Wellington Management Group LLP lifted its holdings in shares of Kaiser Aluminum by 103.6% in the 4th quarter. Wellington Management Group LLP now owns 431,980 shares of the industrial products company's stock worth $30,355,000 after buying an additional 219,827 shares during the period. McIlrath & Eck LLC purchased a new position in Kaiser Aluminum during the 4th quarter valued at about $121,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Kaiser Aluminum by 7.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 40,887 shares of the industrial products company's stock valued at $2,873,000 after purchasing an additional 2,903 shares in the last quarter. Voloridge Investment Management LLC raised its holdings in shares of Kaiser Aluminum by 7.5% in the 4th quarter. Voloridge Investment Management LLC now owns 18,880 shares of the industrial products company's stock valued at $1,327,000 after purchasing an additional 1,325 shares in the last quarter. Finally, Two Sigma Investments LP lifted its position in shares of Kaiser Aluminum by 12.8% in the 4th quarter. Two Sigma Investments LP now owns 4,804 shares of the industrial products company's stock worth $338,000 after purchasing an additional 546 shares during the period. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

About Kaiser Aluminum

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.