Paradice Investment Management Lowers stake in Kaiser Aluminum Corp. (KALU)

Kaiser Aluminum Corp. (KALU) : Paradice Investment Management reduced its stake in Kaiser Aluminum Corp. by 2.06% during the most recent quarter end. The investment management company now holds a total of 478,286 shares of Kaiser Aluminum Corp. which is valued at $40,907,802 after selling 10,045 shares in Kaiser Aluminum Corp. , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Kaiser Aluminum Corp. makes up approximately 4.52% of Paradice Investment Management’s portfolio.

Other Hedge Funds, Including , Winslow Asset Management Inc reduced its stake in KALU by selling 4,525 shares or 3.74% in the most recent quarter. The Hedge Fund company now holds 116,412 shares of KALU which is valued at $9,812,367. Kaiser Aluminum Corp. makes up approx 2.09% of Winslow Asset Management Inc’s portfolio.Advisors Asset Management reduced its stake in KALU by selling 652 shares or 7.12% in the most recent quarter. The Hedge Fund company now holds 8,503 shares of KALU which is valued at $727,262. Kaiser Aluminum Corp. makes up approx 0.01% of Advisors Asset Management’s portfolio.First Trust Advisors Lp reduced its stake in KALU by selling 1,889 shares or 12.4% in the most recent quarter. The Hedge Fund company now holds 13,350 shares of KALU which is valued at $1,122,335.California Public Employees Retirement System reduced its stake in KALU by selling 1,900 shares or 3.98% in the most recent quarter. The Hedge Fund company now holds 45,830 shares of KALU which is valued at $3,808,473. Kaiser Aluminum Corp. makes up approx 0.01% of California Public Employees Retirement System’s portfolio. Huntington National Bank sold out all of its stake in KALU during the most recent quarter. The investment firm sold 85 shares of KALU which is valued $7,066.

Kaiser Aluminum Corp. closed down -0.24 points or -0.28% at $84.03 with 88,536 shares getting traded on Wednesday. Post opening the session at $84.08, the shares hit an intraday low of $83.37 and an intraday high of $85.1587 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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.

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