Icon Advisers Inc. Co. Acquires 37,375 Shares of Kaiser Aluminum Co. (NASDAQ:KALU)

Icon Advisers Inc. Co. raised its stake in Kaiser Aluminum Co. (NASDAQ:KALU) by 92.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,915 shares of the industrial products company’s stock after buying an additional 37,375 shares during the period. Kaiser Aluminum comprises about 1.2% of Icon Advisers Inc. Co.’s investment portfolio, making the stock its 16th biggest position. Icon Advisers Inc. Co. owned 0.48% of Kaiser Aluminum worth $5,475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp increased its stake in shares of Kaiser Aluminum by 2.2% in the third quarter. State Street Corp now owns 960,742 shares of the industrial products company’s stock worth $69,673,000 after buying an additional 20,979 shares during the period. Wellington Management Group LLP boosted its stake in Kaiser Aluminum by 1.5% during the 3rd quarter. Wellington Management Group LLP now owns 212,153 shares of the industrial products company’s stock valued at $15,385,000 after purchasing an additional 3,061 shares during the last quarter. Y Intercept Hong Kong Ltd increased its holdings in Kaiser Aluminum by 81.0% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 6,706 shares of the industrial products company’s stock worth $486,000 after buying an additional 3,001 shares in the last quarter. Barclays PLC raised its holdings in shares of 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 last quarter. Finally, Geode Capital Management LLC raised its stake in Kaiser Aluminum by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 376,745 shares of the industrial products company’s stock valued at $27,326,000 after buying an additional 4,388 shares during the last quarter. Institutional investors own 99.29% of the company’s stock.

Wall Street Analyst Weigh In

KALU has been the subject of several research reports. Wolfe Research raised shares of Kaiser Aluminum from an “underperform” rating to a “peer perform” rating in a research report on Friday. StockNews.com lowered Kaiser Aluminum from a “hold” rating to a “sell” rating in a research note on Thursday.

Kaiser Aluminum Stock Performance

NASDAQ KALU opened at $55.50 on Monday. The business has a 50 day simple moving average of $65.88 and a two-hundred day simple moving average of $71.67. Kaiser Aluminum Co. has a 1-year low of $46.81 and a 1-year high of $102.42. The stock has a market capitalization of $893.55 million, a PE ratio of 19.34 and a beta of 1.32. 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 (NASDAQ:KALU) last issued its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.30). The company had revenue of $765.40 million for the quarter, compared to the consensus estimate of $752.00 million. Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.55%. During the same period in the previous year, the firm earned $0.60 earnings per share. On average, research analysts predict that Kaiser Aluminum Co. will post 5.14 EPS for the current fiscal year.

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.