Paradice Investment Management buys $42.2 Million stake in Kaiser Aluminum Corp. (KALU)

Kaiser Aluminum Corp. (KALU) : Paradice Investment Management scooped up 27,857 additional shares in Kaiser Aluminum Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 488,331 shares of Kaiser Aluminum Corp. which is valued at $42.2 Million.Kaiser Aluminum Corp. makes up approximately 5.61% of Paradice Investment Management’s portfolio.

Other Hedge Funds, Including , Parametric Portfolio Associates boosted its stake in KALU in the latest quarter, The investment management firm added 41,838 additional shares and now holds a total of 149,972 shares of Kaiser Aluminum Corp. which is valued at $13 Million. Kaiser Aluminum Corp. makes up approx 0.02% of Parametric Portfolio Associates’s portfolio. Blackrock Japan Ltd added KALU to its portfolio by purchasing 302 company shares during the most recent quarter which is valued at $26,081.Proshare Advisors reduced its stake in KALU by selling 426 shares or 14.5% in the most recent quarter. The Hedge Fund company now holds 2,511 shares of KALU which is valued at $228,149.New York State Common Retirement Fund reduced its stake in KALU by selling 19,819 shares or 22.59% in the most recent quarter. The Hedge Fund company now holds 67,928 shares of KALU which is valued at $6.2 Million. Kaiser Aluminum Corp. makes up approx 0.01% of New York State Common Retirement Fund’s portfolio.Nationwide Fund Advisors boosted its stake in KALU in the latest quarter, The investment management firm added 30,840 additional shares and now holds a total of 43,207 shares of Kaiser Aluminum Corp. which is valued at $3.9 Million. Kaiser Aluminum Corp. makes up approx 0.02% of Nationwide Fund Advisors’s portfolio.

Kaiser Aluminum Corp. opened for trading at $84.64 and hit $87.43 on the upside on Wednesday, eventually ending the session at $86.28, with a gain of 2.06% or 1.74 points. The heightened volatility saw the trading volume jump to 2,12,890 shares. Company has a market cap of $1,552 M.

On the company’s financial health, Kaiser Aluminum Corp. reported $1.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.24 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $1.27. The company had revenue of $343.20 million for the quarter, compared to analysts expectations of $347.15 million. The company’s revenue was down -7.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.01 EPS.

Many Wall Street Analysts have commented on Kaiser Aluminum Corp.. Kaiser Aluminum Corp. was Initiated by Goldman to “Sell” on May 19, 2016. Company shares were Reiterated by Deutsche Bank on Apr 25, 2016 to “Buy”, Firm has raised the Price Target to $ 100 from a previous price target of $90 .Company shares were Reiterated by Cowen on Apr 22, 2016 to “Outperform”, Firm has raised the Price Target to $ 90 from a previous price target of $86 .

Kaiser Aluminum Corporation is engaged in the production of semi-fabricated specialty aluminum products. The Company manufactures rolled extruded and drawn aluminum products to serve fits end market applications such as aerospace and high strength products (Aero/HS products) extrusions for automotive applications (Automotive Extrusions) general engineering products (GE products) and other industrial products (Other products). The Company operates around 11 production facilities in the United States and one in Canada. Its Fabricated Products segment produces rolled extruded and drawn aluminum products for aerospace and defense automotive consumer durables electronics electrical and machinery and equipment applications. Its Aero/HS products include heat treat plate and sheet as well as cold finish rod and bar seamless drawn tube hard alloy extrusions and billet that are manufactured for the global aerospace and defense industries.

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