Kaiser Aluminum (NASDAQ:KALU) Stock Rating Lowered by StockNews.com

Kaiser Aluminum (NASDAQ:KALU) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a report released on Friday.

Kaiser Aluminum Stock Down 4.0 %

Shares of KALU stock opened at $71.86 on Friday. The stock’s 50 day simple moving average is $71.39 and its 200 day simple moving average is $73.37. Kaiser Aluminum has a twelve month low of $62.83 and a twelve month high of $102.42. 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 company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 25.04 and a beta of 1.34.

Kaiser Aluminum (NASDAQ:KALU) last released 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). Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. The firm had revenue of $765.40 million for the quarter, compared to the consensus estimate of $752.00 million. During the same quarter last year, the company earned $0.60 earnings per share. As a group, research analysts predict that Kaiser Aluminum will post 5.14 EPS for the current year.

Hedge Funds Weigh In On Kaiser Aluminum

Institutional investors have recently added to or reduced their stakes in the company. McIlrath & Eck LLC acquired a new stake in shares of Kaiser Aluminum in the fourth quarter valued at $121,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Kaiser Aluminum by 7.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 40,887 shares of the industrial products company’s stock worth $2,873,000 after acquiring an additional 2,903 shares during the last quarter. Voloridge Investment Management LLC increased its position in Kaiser Aluminum by 7.5% in the 4th quarter. Voloridge Investment Management LLC now owns 18,880 shares of the industrial products company’s stock valued at $1,327,000 after acquiring an additional 1,325 shares in the last quarter. Two Sigma Investments LP raised its stake in shares of Kaiser Aluminum by 12.8% in the fourth quarter. Two Sigma Investments LP now owns 4,804 shares of the industrial products company’s stock worth $338,000 after acquiring an additional 546 shares during the last quarter. Finally, Systematic Financial Management LP raised its stake in shares of Kaiser Aluminum by 8.6% in the fourth quarter. Systematic Financial Management LP now owns 255,180 shares of the industrial products company’s stock worth $17,931,000 after acquiring an additional 20,263 shares during the last quarter. 99.29% of the stock is owned by institutional investors.

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.