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

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

Kaiser Aluminum Trading Up 1.7 %

Shares of KALU stock opened at $67.39 on Friday. The business’s 50 day moving average is $70.64 and its two-hundred day moving average is $73.11. The company has a quick ratio of 1.36, a current ratio of 2.44 and a debt-to-equity ratio of 1.56. Kaiser Aluminum has a 12 month low of $63.44 and a 12 month high of $102.42. The company has a market cap of $1.08 billion, a PE ratio of 23.48 and a beta of 1.37.

Kaiser Aluminum (NASDAQ:KALU) last announced its earnings results on Wednesday, February 19th. The industrial products company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.30). Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.55%. The firm had revenue of $765.40 million during the quarter, compared to the consensus estimate of $752.00 million. During the same quarter last year, the business earned $0.60 EPS. Equities analysts predict that Kaiser Aluminum will post 5.14 EPS for the current year.

Institutional Trading of Kaiser Aluminum

Several hedge funds and other institutional investors have recently bought and sold shares of KALU. Point72 DIFC Ltd acquired a new position in shares of Kaiser Aluminum in the third quarter valued at $41,000. AlphaQuest LLC lifted its holdings in shares of Kaiser Aluminum by 497.2% during the 4th quarter. AlphaQuest LLC now owns 651 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 542 shares during the period. Jones Financial Companies Lllp bought a new position in Kaiser Aluminum during the fourth quarter worth about $52,000. KBC Group NV boosted its holdings in Kaiser Aluminum by 93.0% during the fourth quarter. KBC Group NV now owns 851 shares of the industrial products company’s stock valued at $60,000 after purchasing an additional 410 shares in the last quarter. Finally, Aquatic Capital Management LLC boosted its holdings 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 valued at $118,000 after purchasing an additional 784 shares in the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

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.