AlphaQuest LLC Raises Position in Kaiser Aluminum Co. (NASDAQ:KALU)

AlphaQuest LLC boosted its stake in Kaiser Aluminum Co. (NASDAQ:KALU) by 497.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 651 shares of the industrial products company’s stock after buying an additional 542 shares during the quarter. AlphaQuest LLC’s holdings in Kaiser Aluminum were worth $46,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KALU. Principal Financial Group Inc. lifted its stake in Kaiser Aluminum by 6.7% in the 3rd quarter. Principal Financial Group Inc. now owns 84,370 shares of the industrial products company’s stock valued at $6,119,000 after buying an additional 5,287 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in Kaiser Aluminum in the 3rd quarter valued at about $1,457,000. Intech Investment Management LLC raised its holdings in Kaiser Aluminum by 578.6% in the 3rd quarter. Intech Investment Management LLC now owns 28,991 shares of the industrial products company’s stock valued at $2,102,000 after acquiring an additional 24,719 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Kaiser Aluminum by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 294,502 shares of the industrial products company’s stock valued at $21,357,000 after acquiring an additional 7,644 shares during the last quarter. Finally, Algert Global LLC raised its holdings in Kaiser Aluminum by 2.5% in the 3rd quarter. Algert Global LLC now owns 62,178 shares of the industrial products company’s stock valued at $4,509,000 after acquiring an additional 1,531 shares during the last quarter. 99.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Kaiser Aluminum from a “hold” rating to a “sell” rating in a report on Saturday, March 15th.

Kaiser Aluminum Stock Down 1.8 %

Shares of NASDAQ KALU opened at $69.14 on Friday. The company has a 50 day simple moving average of $70.80 and a 200-day simple moving average of $73.13. The company has a market capitalization of $1.11 billion, a P/E ratio of 24.09 and a beta of 1.37. 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 Co. has a 1 year low of $63.44 and a 1 year high of $102.42.

Kaiser Aluminum (NASDAQ:KALU) last announced its quarterly earnings results 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 firm had revenue of $765.40 million for the quarter, compared to analyst estimates of $752.00 million. Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.55%. During the same quarter in the prior year, the business earned $0.60 EPS. On average, equities research analysts predict that Kaiser Aluminum Co. will post 5.14 earnings per share for the current year.

Kaiser Aluminum Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 24th were issued a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.45%. Kaiser Aluminum’s dividend payout ratio is currently 107.32%.

Kaiser Aluminum Company Profile

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.