HRT Financial LP Makes New $1.79 Million Investment in Kaiser Aluminum Co. (NASDAQ:KALU)

HRT Financial LP purchased a new stake in shares of Kaiser Aluminum Co. (NASDAQ:KALU - Get Rating) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 23,537 shares of the industrial products company's stock, valued at approximately $1,787,000. HRT Financial LP owned about 0.15% of Kaiser Aluminum at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of KALU. State Street Corp boosted its holdings in Kaiser Aluminum by 30.6% in the 1st quarter. State Street Corp now owns 1,132,280 shares of the industrial products company's stock valued at $106,615,000 after purchasing an additional 265,426 shares during the last quarter. Russell Investments Group Ltd. grew its position in Kaiser Aluminum by 286.3% in the third quarter. Russell Investments Group Ltd. now owns 260,730 shares of the industrial products company's stock worth $15,993,000 after acquiring an additional 193,240 shares during the period. Penn Capital Management Company LLC acquired a new stake in Kaiser Aluminum during the first quarter worth $11,345,000. Northern Trust Corp raised its position in Kaiser Aluminum by 57.6% in the first quarter. Northern Trust Corp now owns 290,976 shares of the industrial products company's stock valued at $27,399,000 after purchasing an additional 106,312 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Kaiser Aluminum by 16.7% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 660,502 shares of the industrial products company's stock worth $40,522,000 after purchasing an additional 94,518 shares during the period. Hedge funds and other institutional investors own 99.65% of the company's stock.

KALU opened at $63.42 on Monday. The business has a fifty day moving average price of $65.71 and a 200 day moving average price of $77.16. The company has a debt-to-equity ratio of 1.70, a current ratio of 2.61 and a quick ratio of 1.29. Kaiser Aluminum Co. has a 12 month low of $56.79 and a 12 month high of $104.64.

Kaiser Aluminum (NASDAQ:KALU - Get Rating) last posted its quarterly earnings results on Thursday, April 27th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.16) by $0.58. The company had revenue of $808.00 million for the quarter, compared to analyst estimates of $810.25 million. Kaiser Aluminum had a negative return on equity of 3.35% and a negative net margin of 0.65%. Kaiser Aluminum's revenue for the quarter was down 14.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.66 EPS. As a group, sell-side analysts anticipate that Kaiser Aluminum Co. will post 3.2 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Tuesday, April 25th were given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date of this dividend was Monday, April 24th. Kaiser Aluminum's dividend payout ratio is currently -223.19%.

Several analysts recently issued reports on the stock. StockNews.com began coverage on shares of Kaiser Aluminum in a report on Thursday, May 18th. They issued a "sell" rating on the stock. Wolfe Research cut shares of Kaiser Aluminum from a "peer perform" rating to an "underperform" rating and set a $67.00 price objective for the company. in a research report on Wednesday, April 12th. JPMorgan Chase & Co. assumed coverage on Kaiser Aluminum in a research report on Monday, May 8th. They set a "neutral" rating and a $69.00 price target for the company. The Goldman Sachs Group dropped their price objective on Kaiser Aluminum from $80.00 to $70.00 and set a "sell" rating for the company in a research note on Monday, February 27th. Finally, Benchmark lowered their target price on Kaiser Aluminum from $105.00 to $84.00 and set a "buy" rating for the company in a report on Friday, April 21st. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $72.50.

Kaiser Aluminum Corp. engages in the manufacture and sale of semi-fabricated specialty aluminum products. The firm caters to the aerospace, general engineering, automotive, and custom industrial applications industries. Its products include plate, sheet, coil, hard alloy shapes, soft alloy extrusions, seamless and structural extruded, drawn tube, hard alloy rod, bar, wire and forge stock.

Want to see what other hedge funds are holding KALU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kaiser Aluminum Co. (NASDAQ:KALU - Get Rating).

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