Kaiser Aluminum Corp. (KALU) : Price Michael F reduced its stake in Kaiser Aluminum Corp. by 5.87% during the most recent quarter end. The investment management company now holds a total of 205,400 shares of Kaiser Aluminum Corp. which is valued at $17,052,308 after selling 12,800 shares in Kaiser Aluminum Corp. , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Kaiser Aluminum Corp. makes up approximately 2.27% of Price Michael F’s portfolio.
Other Hedge Funds, Including , Qs Investors reduced its stake in KALU by selling 20,212 shares or 96.9% in the most recent quarter. The Hedge Fund company now holds 646 shares of KALU which is valued at $53,631.Huber Capital Management boosted its stake in KALU in the latest quarter, The investment management firm added 14,543 additional shares and now holds a total of 394,461 shares of Kaiser Aluminum Corp. which is valued at $31,107,194. Kaiser Aluminum Corp. makes up approx 1.21% of Huber Capital Management’s portfolio.Rhumbline Advisers boosted its stake in KALU in the latest quarter, The investment management firm added 2,496 additional shares and now holds a total of 31,910 shares of Kaiser Aluminum Corp. which is valued at $2,334,536. Kaiser Aluminum Corp. makes up approx 0.01% of Rhumbline Advisers’s portfolio.Granite Investment Partners boosted its stake in KALU in the latest quarter, The investment management firm added 24,810 additional shares and now holds a total of 108,055 shares of Kaiser Aluminum Corp. which is valued at $7,859,921. Kaiser Aluminum Corp. makes up approx 0.63% of Granite Investment Partners’s portfolio.Shell Asset Management Co reduced its stake in KALU by selling 7,655 shares or 28.85% in the most recent quarter. The Hedge Fund company now holds 18,880 shares of KALU which is valued at $1,368,611. Kaiser Aluminum Corp. makes up approx 0.03% of Shell Asset Management Co’s portfolio.
Kaiser Aluminum Corp. opened for trading at $81.47 and hit $83.15 on the upside on Monday, eventually ending the session at $82.03, with a gain of 0.44% or 0.36 points. The heightened volatility saw the trading volume jump to 2,04,411 shares. Company has a market cap of $1,469 M.
On the company’s financial health, Kaiser Aluminum Corp. reported $1.02 EPS for the quarter, missing the analyst consensus estimate by $ -0.23 based on the information available during the earnings call on Oct 19, 2016. Analyst had a consensus of $1.25. The company had revenue of $321.00 million for the quarter, compared to analysts expectations of $333.46 million. The company’s revenue was down -4.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.07 EPS.
Many Wall Street Analysts have commented on Kaiser Aluminum Corp.. Seaport Global Securities Initiated Kaiser Aluminum Corp. on Sep 9, 2016 to “Buy”, Price Target of the shares are set at $100.Kaiser Aluminum Corp. was Initiated by Macquarie to “Outperform” on Sep 6, 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.