Short Interest in Kaiser Aluminum Co. (NASDAQ:KALU) Decreases By 10.4%

Kaiser Aluminum Co. (NASDAQ:KALU) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 399,500 shares, a decrease of 10.4% from the December 15th total of 446,000 shares. Currently, 2.5% of the company’s stock are short sold. Based on an average daily volume of 137,400 shares, the days-to-cover ratio is presently 2.9 days.

Hedge Funds Weigh In On Kaiser Aluminum

Institutional investors and hedge funds have recently bought and sold shares of the company. Barclays PLC grew its holdings in Kaiser Aluminum by 101.3% during the third quarter. Barclays PLC now owns 27,454 shares of the industrial products company’s stock valued at $1,991,000 after purchasing an additional 13,813 shares during the period. Algert Global LLC lifted its position in shares of Kaiser Aluminum by 26.2% during the second quarter. Algert Global LLC now owns 60,647 shares of the industrial products company’s stock worth $5,331,000 after acquiring an additional 12,584 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Kaiser Aluminum by 2.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 294,502 shares of the industrial products company’s stock worth $21,357,000 after acquiring an additional 7,644 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Kaiser Aluminum by 6.7% during the third quarter. Principal Financial Group Inc. now owns 84,370 shares of the industrial products company’s stock worth $6,119,000 after acquiring an additional 5,287 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Kaiser Aluminum by 1.2% during the third quarter. Geode Capital Management LLC now owns 376,745 shares of the industrial products company’s stock worth $27,326,000 after acquiring an additional 4,388 shares in the last quarter. 99.29% of the stock is owned by institutional investors.

Kaiser Aluminum Stock Down 0.9 %

Shares of Kaiser Aluminum stock traded down $0.69 on Friday, hitting $73.68. The company had a trading volume of 67,171 shares, compared to its average volume of 89,793. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 25.49 and a beta of 1.35. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.36 and a current ratio of 2.60. The stock has a 50 day moving average of $76.20 and a 200-day moving average of $75.99. Kaiser Aluminum has a 1 year low of $59.52 and a 1 year high of $102.42.

Kaiser Aluminum (NASDAQ:KALU) last released its earnings results on Wednesday, October 23rd. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.16). The business had revenue of $748.00 million during the quarter, compared to the consensus estimate of $793.30 million. Kaiser Aluminum had a net margin of 1.59% and a return on equity of 6.92%. The business’s revenue was up .5% on a year-over-year basis. During the same period in the prior year, the company earned $0.46 earnings per share. As a group, sell-side analysts forecast that Kaiser Aluminum will post 2.63 earnings per share for the current year.

Kaiser Aluminum Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 24th will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 4.18%. The ex-dividend date is Friday, January 24th. Kaiser Aluminum’s dividend payout ratio is presently 106.57%.

Kaiser Aluminum Company Profile

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.