Kaiser Aluminum Corp. (KALU) : Moody Aldrich Partners scooped up 14,220 additional shares in Kaiser Aluminum Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 22,765 shares of Kaiser Aluminum Corp. which is valued at $1,892,454.Kaiser Aluminum Corp. makes up approximately 1.50% of Moody Aldrich Partners’s portfolio.
Other Hedge Funds, Including , Old Mutual Global Investors (uk) Ltd. added KALU to its portfolio by purchasing 3,517 company shares during the most recent quarter which is valued at $297,222. Kaiser Aluminum Corp. makes up approx 0.01% of Old Mutual Global Investors (uk) Ltd.’s portfolio.Ls Investment Advisors boosted its stake in KALU in the latest quarter, The investment management firm added 28 additional shares and now holds a total of 628 shares of Kaiser Aluminum Corp. which is valued at $53,072.
Kaiser Aluminum Corp. closed down -0.44 points or -0.53% at $82.85 with 1,09,824 shares getting traded on Friday. Post opening the session at $83.35, the shares hit an intraday low of $82.37 and an intraday high of $83.52 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Kaiser Aluminum Corp. reported $1.02 EPS for the quarter, missing the analyst consensus estimate by $ -0.36 based on the information available during the earnings call on Jul 20, 2016. Analyst had a consensus of $1.38. The company had revenue of $334.90 million for the quarter, compared to analysts expectations of $351.65 million. The company’s revenue was down -8.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.27 EPS.
Many Wall Street Analysts have commented on Kaiser Aluminum Corp.. Kaiser Aluminum Corp. was Downgraded by BofA/Merrill to ” Neutral” on Jul 20, 2016. Kaiser Aluminum Corp. was Initiated by Goldman to “Sell” on May 19, 2016.
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.