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

Kaiser Aluminum (NASDAQ:KALU) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report issued on Sunday.

Kaiser Aluminum Price Performance

Shares of NASDAQ:KALU opened at $66.28 on Friday. The business’s fifty day moving average price is $70.72 and its two-hundred day moving average price is $73.09. The stock has a market cap of $1.07 billion, a PE ratio of 23.09 and a beta of 1.37. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.36 and a current ratio of 2.44. Kaiser Aluminum has a one year low of $63.44 and a one year high of $102.42.

Kaiser Aluminum (NASDAQ:KALU) last announced its earnings results on Wednesday, February 19th. The industrial products company reported $0.33 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 analyst estimates of $752.00 million. Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. During the same quarter last year, the company posted $0.60 EPS. On average, analysts forecast that Kaiser Aluminum will post 5.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Point72 DIFC Ltd purchased a new position in shares of Kaiser Aluminum during the 3rd quarter worth $41,000. AlphaQuest LLC lifted its stake in shares of Kaiser Aluminum by 497.2% during the 4th quarter. AlphaQuest LLC now owns 651 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 542 shares during the period. Jones Financial Companies Lllp purchased a new position in shares of Kaiser Aluminum in the 4th quarter worth $52,000. KBC Group NV raised its position in shares of Kaiser Aluminum by 93.0% in the 4th quarter. KBC Group NV now owns 851 shares of the industrial products company’s stock worth $60,000 after buying an additional 410 shares during the period. Finally, Aquatic Capital Management LLC raised its position in shares of Kaiser Aluminum by 87.1% in the 4th quarter. Aquatic Capital Management LLC now owns 1,684 shares of the industrial products company’s stock worth $118,000 after buying an additional 784 shares during the period. Hedge funds and other institutional investors own 99.29% of the company’s stock.

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.