Schonfeld Strategic Advisors LLC Invests $552,000 in Kaiser Aluminum Co. (NASDAQ:KALU)

Schonfeld Strategic Advisors LLC bought a new stake in shares of Kaiser Aluminum Co. (NASDAQ:KALU) during the 4th quarter, Holdings Channel.com reports. The firm bought 7,859 shares of the industrial products company’s stock, valued at approximately $552,000.

Several other large investors have also recently added to or reduced their stakes in the stock. AlphaQuest LLC boosted its position in shares of Kaiser Aluminum by 497.2% in the fourth quarter. AlphaQuest LLC now owns 651 shares of the industrial products company’s stock worth $46,000 after buying an additional 542 shares during the period. Jones Financial Companies Lllp acquired a new position in Kaiser Aluminum during the 4th quarter worth approximately $52,000. KBC Group NV boosted its holdings in Kaiser Aluminum by 93.0% in the 4th quarter. KBC Group NV now owns 851 shares of the industrial products company’s stock worth $60,000 after acquiring an additional 410 shares during the period. Aquatic Capital Management LLC raised its stake in shares of 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 during the period. Finally, Tower Research Capital LLC TRC raised its stake in shares of Kaiser Aluminum by 325.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,768 shares of the industrial products company’s stock valued at $124,000 after purchasing an additional 1,352 shares during the period. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Kaiser Aluminum from $62.00 to $64.00 and gave the company a “neutral” rating in a report on Monday, April 28th. Wolfe Research upgraded Kaiser Aluminum from an “underperform” rating to a “peer perform” rating in a research note on Friday, April 11th. Benchmark cut their price target on Kaiser Aluminum from $100.00 to $74.00 and set a “buy” rating on the stock in a research note on Monday, April 21st. Finally, StockNews.com upgraded Kaiser Aluminum from a “sell” rating to a “hold” rating in a research note on Friday, April 18th.

Kaiser Aluminum Trading Down 1.1 %

NASDAQ KALU opened at $67.66 on Friday. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 23.57 and a beta of 1.40. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.44 and a quick ratio of 1.36. Kaiser Aluminum Co. has a 12 month low of $46.81 and a 12 month high of $102.42. The company’s fifty day moving average price is $62.05 and its two-hundred day moving average price is $70.25.

Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings results on Wednesday, April 23rd. The industrial products company reported $1.44 EPS for the quarter, topping the consensus estimate of $0.53 by $0.91. The business had revenue of $777.40 million for the quarter, compared to analysts’ expectations of $788.00 million. Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.02 earnings per share. As a group, research analysts predict that Kaiser Aluminum Co. will post 5.14 earnings per share for the current fiscal year.

Kaiser Aluminum Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Friday, April 25th will be issued a $0.77 dividend. The ex-dividend date is Friday, April 25th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.55%. Kaiser Aluminum’s dividend payout ratio (DPR) is 115.36%.

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.