Kaiser Aluminum (NASDAQ:KALU) Downgraded to “Sell” Rating by StockNews.com

Kaiser Aluminum (NASDAQ:KALU) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Kaiser Aluminum Price Performance

Shares of KALU stock opened at $70.33 on Friday. Kaiser Aluminum has a 52-week low of $63.44 and a 52-week high of $102.42. The stock has a market cap of $1.13 billion, a PE ratio of 24.51 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. The firm’s 50 day moving average price is $70.82 and its two-hundred day moving average price is $73.25.

Kaiser Aluminum (NASDAQ:KALU) 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). 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 during the quarter, compared to the consensus estimate of $752.00 million. During the same period in the previous year, the business posted $0.60 earnings per share. As a group, analysts forecast that Kaiser Aluminum will post 5.14 EPS for the current year.

Hedge Funds Weigh In On Kaiser Aluminum

Several institutional investors and hedge funds have recently made changes to their positions in KALU. Wellington Management Group LLP grew 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 valued at $30,355,000 after buying an additional 219,827 shares during the period. Bridgeway Capital Management LLC acquired a new position in shares of Kaiser Aluminum in the 4th quarter valued at $4,581,000. Empowered Funds LLC acquired a new position in shares of Kaiser Aluminum in the 4th quarter valued at $3,878,000. Crestline Management LP acquired a new position in shares of Kaiser Aluminum in the 4th quarter valued at $3,558,000. Finally, American Century Companies Inc. grew its holdings in shares of Kaiser Aluminum by 12.6% in the 4th quarter. American Century Companies Inc. now owns 447,723 shares of the industrial products company’s stock valued at $31,461,000 after buying an additional 49,948 shares during the period. Institutional investors and hedge funds 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.