Kaiser Aluminum Corp (NASDAQ:KALU) Quarterly Sentiment Report

July 18, 2017 - By Maria Brooks

 Kaiser Aluminum Corp (NASDAQ:KALU) Quarterly Sentiment Report

Sentiment for Kaiser Aluminum Corp (NASDAQ:KALU)

Kaiser Aluminum Corp (NASDAQ:KALU) institutional sentiment increased to 1.02 in Q4 2016. Its up 0.01, from 1.01 in 2016Q3. The ratio has improved, as 90 investment managers increased and opened new stock positions, while 88 sold and decreased stakes in Kaiser Aluminum Corp. The investment managers in our partner’s database now possess: 16.67 million shares, down from 17.20 million shares in 2016Q3. Also, the number of investment managers holding Kaiser Aluminum Corp in their top 10 stock positions decreased from 1 to 0 for a decrease of 1. Sold All: 29 Reduced: 59 Increased: 67 New Position: 23.

Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The company has market cap of $1.60 billion. The Firm operates in the Fabricated Products segment. It has a 16.36 P/E ratio. The Company’s Fabricated Products segment focuses on producing rolled, extruded and drawn aluminum products used principally for aerospace and defense, automotive and general engineering products that include consumer durables, electronics, electrical and machinery and equipment applications.

It closed at $92.93 lastly. It is down 3.95% since July 18, 2016 and is downtrending. It has underperformed by 20.65% the S&P500.

Wall Street await Kaiser Aluminum Corp. (NASDAQ:KALU) to release earnings on July, 19. Analysts forecast earnings per share of $0.94, down exactly $0.08 or 7.84 % from 2014’s $1.02 EPS. The expected KALU’s profit could reach $16.18M giving the stock 24.72 P/E in the case that $0.94 earnings per share is reported. After posting $1.52 EPS for the previous quarter, Kaiser Aluminum Corp.’s analysts now forecast -38.16 % negative EPS growth.

Paradice Investment Management Llc holds 3.56% of its portfolio in Kaiser Aluminum Corp. for 482,553 shares. Winslow Asset Management Inc owns 114,757 shares or 1.87% of their US portfolio. Moreover, Price Michael F has 1.81% invested in the company for 191,600 shares. The Illinois-based Keeley Asset Management Corp has invested 1.33% in the stock. Huber Capital Management Llc, a California-based fund reported 419,990 shares.#img1#

Since January 1, 0001, it had 0 buys, and 2 sales for $255,288 activity.

Kaiser Aluminum Corp. (NASDAQ:KALU) Ratings Coverage

Ratings analysis reveals 33% of Kaiser Aluminum Corp’s analysts are positive. Out of 9 Wall Street analysts rating Kaiser Aluminum Corp, 3 give it “Buy”, 1 “Sell” rating, while 5 recommend “Hold”. The lowest target is $9 while the high is $100. The stock’s average target of $77.25 is -16.87% below today’s ($92.93) share price. KALU was included in 13 notes of analysts from July 28, 2015. On Tuesday, July 28 the stock rating was downgraded by KeyBanc Capital Markets to “Sector Weight”. The rating was maintained by Cowen & Co with “Outperform” on Thursday, February 18. Seaport Global initiated the stock with “Buy” rating in Friday, September 9 report. Bank of America downgraded the stock to “Underperform” rating in Thursday, January 12 report. Macquarie Research initiated the stock with “Outperform” rating in Tuesday, September 6 report. The firm has “Outperform” rating by Cowen & Co given on Thursday, July 23. Goldman Sachs initiated Kaiser Aluminum Corp. (NASDAQ:KALU) on Thursday, May 19 with “Neutral” rating. As per Wednesday, December 14, the company rating was downgraded by Macquarie Research. The company was maintained on Friday, June 23 by Deutsche Bank. Deutsche Bank initiated the shares of KALU in report on Monday, October 12 with “Hold” rating.

More notable recent Kaiser Aluminum Corp. (NASDAQ:KALU) news were published by: Globenewswire.com which released: “Kaiser Aluminum Announces Fourth Quarter and Full Year 2016 Earnings Release …” on February 02, 2017, also Globenewswire.com with their article: “Kaiser Aluminum Corporation Reports Fourth Quarter and Full Year 2016 …” published on February 21, 2017, Ocbj.com published: “Kaiser Aluminum Beats in Q1” on April 19, 2017. More interesting news about Kaiser Aluminum Corp. (NASDAQ:KALU) were released by: Zacks.com and their article: “Why Kaiser Aluminum (KALU) Might Surprise This Earnings Season July 18, 2017” published on July 12, 2017 as well as Seekingalpha.com‘s news article titled: “Add Kaiser Aluminum To Your Portfolio” with publication date: May 16, 2017.

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