Y Intercept Hong Kong Ltd Buys 3,001 Shares of Kaiser Aluminum Co. (NASDAQ:KALU)

Y Intercept Hong Kong Ltd lifted its stake in Kaiser Aluminum Co. (NASDAQ:KALU) by 81.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,706 shares of the industrial products company’s stock after purchasing an additional 3,001 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Kaiser Aluminum were worth $486,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. QRG Capital Management Inc. boosted its stake in Kaiser Aluminum by 6.0% during the third quarter. QRG Capital Management Inc. now owns 3,810 shares of the industrial products company’s stock worth $276,000 after buying an additional 214 shares during the period. Rhumbline Advisers grew its holdings in Kaiser Aluminum by 0.6% during the 2nd quarter. Rhumbline Advisers now owns 51,374 shares of the industrial products company’s stock valued at $4,516,000 after purchasing an additional 314 shares during the last quarter. National Bank of Canada FI purchased a new stake in Kaiser Aluminum in the 2nd quarter worth about $32,000. The Manufacturers Life Insurance Company raised its position in Kaiser Aluminum by 5.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,893 shares of the industrial products company’s stock worth $694,000 after purchasing an additional 394 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in Kaiser Aluminum by 3.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 12,430 shares of the industrial products company’s stock worth $1,093,000 after purchasing an additional 397 shares during the last quarter. Institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Trading Down 1.5 %

KALU opened at $76.26 on Monday. 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’s 50 day moving average price is $77.70 and its 200-day moving average price is $79.29. Kaiser Aluminum Co. has a one year low of $59.52 and a one year high of $102.42. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 26.39 and a beta of 1.33.

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

Kaiser Aluminum Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 25th were issued a dividend of $0.77 per share. The ex-dividend date was Friday, October 25th. This represents a $3.08 dividend on an annualized basis and a yield of 4.04%. Kaiser Aluminum’s payout ratio is 106.57%.

Kaiser Aluminum 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.