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

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

Kaiser Aluminum Trading Up 1.9 %

Shares of KALU stock opened at $68.75 on Friday. The company’s 50-day moving average price is $71.04 and its 200-day moving average price is $73.43. The company has a current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 23.95 and a beta of 1.34. Kaiser Aluminum has a twelve month low of $63.44 and a twelve month high of $102.42.

Kaiser Aluminum (NASDAQ:KALU) last announced its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.30). The firm 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 period in the previous year, the firm posted $0.60 EPS. As a group, equities analysts predict that Kaiser Aluminum will post 5.14 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Point72 DIFC Ltd acquired a new position in Kaiser Aluminum in the third quarter valued at about $41,000. AlphaQuest LLC increased its stake in Kaiser Aluminum by 497.2% during the fourth 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 stake in Kaiser Aluminum during the fourth quarter worth about $52,000. KBC Group NV increased its stake in Kaiser Aluminum by 93.0% during the fourth quarter. KBC Group NV now owns 851 shares of the industrial products company’s stock worth $60,000 after purchasing an additional 410 shares during the period. Finally, Aquatic Capital Management LLC increased its stake in Kaiser Aluminum by 87.1% during the fourth quarter. Aquatic Capital Management LLC now owns 1,684 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 784 shares during the period. Institutional investors and hedge funds own 99.29% 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.