OxFORD Asset Management LLP lowered its holdings in shares of Kaiser Aluminum Corp. (NASDAQ:KALU) by 14.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,587 shares of the industrial products company’s stock after selling 4,629 shares during the period. OxFORD Asset Management LLP owned approximately 0.16% of Kaiser Aluminum worth $2,736,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Mercantile Trust Co. lifted its holdings in shares of Kaiser Aluminum by 1.4% in the second quarter. First Mercantile Trust Co. now owns 1,430 shares of the industrial products company’s stock valued at $127,000 after purchasing an additional 20 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Kaiser Aluminum by 1.0% in the second quarter. PNC Financial Services Group Inc. now owns 6,140 shares of the industrial products company’s stock valued at $544,000 after purchasing an additional 62 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Kaiser Aluminum by 0.3% during the second quarter. California Public Employees Retirement System now owns 39,400 shares of the industrial products company’s stock valued at $3,488,000 after acquiring an additional 100 shares during the last quarter. Suntrust Banks Inc. increased its position in shares of Kaiser Aluminum by 0.5% during the second quarter. Suntrust Banks Inc. now owns 27,068 shares of the industrial products company’s stock valued at $2,395,000 after acquiring an additional 146 shares during the last quarter. Finally, Teachers Advisors LLC increased its position in shares of Kaiser Aluminum by 1.8% during the second quarter. Teachers Advisors LLC now owns 30,724 shares of the industrial products company’s stock valued at $2,720,000 after acquiring an additional 529 shares during the last quarter. 98.03% of the stock is owned by institutional investors and hedge funds.
In related news, VP Melinda C. Ellsworth sold 1,000 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $99.48, for a total transaction of $99,480.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. 3.00% of the stock is owned by insiders.
Shares of Kaiser Aluminum Corp. (NASDAQ:KALU) traded up $2.57 during mid-day trading on Tuesday, reaching $109.42. The company’s stock had a trading volume of 93,003 shares, compared to its average volume of 90,500. Kaiser Aluminum Corp. has a 52-week low of $74.56 and a 52-week high of $109.79. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.55 and a current ratio of 3.75. The company has a market capitalization of $1,806.17, a price-to-earnings ratio of 22.61, a P/E/G ratio of 1.42 and a beta of 0.54.
Kaiser Aluminum (NASDAQ:KALU) last released its earnings results on Wednesday, October 18th. The industrial products company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.19). Kaiser Aluminum had a net margin of 6.18% and a return on equity of 11.45%. The company had revenue of $332.80 million during the quarter, compared to the consensus estimate of $335.37 million. During the same period last year, the firm posted $1.02 EPS. The company’s revenue was up 3.8% on a year-over-year basis. equities analysts expect that Kaiser Aluminum Corp. will post 5.03 earnings per share for the current fiscal year.
KALU has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Kaiser Aluminum from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Cowen set a $97.00 target price on Kaiser Aluminum and gave the stock a “hold” rating in a research report on Thursday, October 12th. Deutsche Bank downgraded Kaiser Aluminum from a “buy” rating to a “hold” rating and set a $104.00 target price for the company. in a research report on Tuesday, October 17th. Credit Suisse Group lifted their price target on Kaiser Aluminum from $90.00 to $95.00 and gave the company a “neutral” rating in a research report on Friday, October 20th. Finally, Morgan Stanley lifted their price target on Kaiser Aluminum from $87.00 to $101.00 and gave the company an “equal weight” rating in a research report on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Kaiser Aluminum has an average rating of “Hold” and a consensus target price of $101.29.
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Kaiser Aluminum Company Profile
Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The Company operates in the Fabricated Products segment. The Company’s Fabricated Products segment focuses on producing rolled, extruded and drawn aluminum products used principally for aerospace and defense, automotive and general engineering products that include consumer durables, electronics, electrical and machinery and equipment applications.
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