Kaiser Aluminum Co. (NASDAQ:KALU) Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC grew its stake in Kaiser Aluminum Co. (NASDAQ:KALU) by 40.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,969 shares of the industrial products company’s stock after purchasing an additional 2,294 shares during the period. AQR Capital Management LLC’s holdings in Kaiser Aluminum were worth $700,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Rhumbline Advisers raised its stake in shares of Kaiser Aluminum by 0.6% in the second quarter. Rhumbline Advisers now owns 51,374 shares of the industrial products company’s stock valued at $4,516,000 after acquiring an additional 314 shares in the last quarter. National Bank of Canada FI purchased a new stake in Kaiser Aluminum in the 2nd quarter valued at approximately $32,000. EntryPoint Capital LLC lifted its stake in Kaiser Aluminum by 79.7% in the 1st quarter. EntryPoint Capital LLC now owns 861 shares of the industrial products company’s stock valued at $77,000 after buying an additional 382 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Kaiser Aluminum by 3.3% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 12,430 shares of the industrial products company’s stock worth $1,093,000 after purchasing an additional 397 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of Kaiser Aluminum by 400.0% during the 1st quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock worth $48,000 after buying an additional 432 shares during the last quarter. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Kaiser Aluminum Trading Down 0.9 %

Shares of NASDAQ:KALU opened at $71.54 on Monday. The firm has a market capitalization of $1.15 billion, a P/E ratio of 20.80 and a beta of 1.33. The firm has a fifty day moving average of $70.65 and a two-hundred day moving average of $84.22. The company has a quick ratio of 1.42, a current ratio of 2.55 and a debt-to-equity ratio of 1.57. Kaiser Aluminum Co. has a 12-month low of $53.67 and a 12-month high of $102.42.

Kaiser Aluminum (NASDAQ:KALU) last issued its earnings results on Wednesday, July 24th. The industrial products company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.29). The business had revenue of $773.40 million for the quarter, compared to analyst estimates of $773.89 million. Kaiser Aluminum had a net margin of 1.37% and a return on equity of 6.84%. Kaiser Aluminum’s revenue was down 5.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.26 earnings per share. On average, equities analysts expect that Kaiser Aluminum Co. will post 3.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Benchmark upped their price objective on shares of Kaiser Aluminum from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, July 12th.

Insider Buying and Selling at Kaiser Aluminum

In related news, CEO Keith Harvey bought 2,588 shares of Kaiser Aluminum stock in a transaction dated Monday, July 29th. The shares were bought at an average cost of $77.23 per share, for a total transaction of $199,871.24. Following the completion of the transaction, the chief executive officer now owns 103,550 shares of the company’s stock, valued at approximately $7,997,166.50. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.50% of the company’s stock.

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.