Kaiser Aluminum Co. (NASDAQ:KALU) Short Interest Down 13.0% in September

Kaiser Aluminum Co. (NASDAQ:KALU) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 376,800 shares, a drop of 13.0% from the September 15th total of 432,900 shares. Based on an average daily trading volume, of 130,100 shares, the short-interest ratio is presently 2.9 days. Approximately 2.4% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, Benchmark boosted their price objective on Kaiser Aluminum from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, July 12th.

Insider Buying and Selling at Kaiser Aluminum

In related news, CEO Keith Harvey acquired 2,588 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were acquired at an average price of $77.23 per share, with a total value of $199,871.24. Following the completion of the transaction, the chief executive officer now owns 103,550 shares of the company’s stock, valued at $7,997,166.50. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers grew its stake in shares of Kaiser Aluminum by 0.6% in 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 acquired a new position in shares of Kaiser Aluminum during the 2nd quarter worth approximately $32,000. EntryPoint Capital LLC raised its holdings in shares of Kaiser Aluminum by 79.7% in the first quarter. EntryPoint Capital LLC now owns 861 shares of the industrial products company’s stock worth $77,000 after acquiring an additional 382 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake 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 valued at $694,000 after purchasing an additional 394 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in shares of Kaiser Aluminum by 3.3% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 12,430 shares of the industrial products company’s stock valued at $1,093,000 after buying an additional 397 shares during the period. Institutional investors and hedge funds own 99.29% of the company’s stock.

Kaiser Aluminum Stock Up 1.5 %

NASDAQ:KALU traded up $1.07 during trading hours on Wednesday, hitting $72.64. The company’s stock had a trading volume of 4,585 shares, compared to its average volume of 139,027. Kaiser Aluminum has a 52-week low of $53.67 and a 52-week high of $102.42. The company has a current ratio of 2.55, a quick ratio of 1.42 and a debt-to-equity ratio of 1.57. The stock has a market capitalization of $1.17 billion, a P/E ratio of 20.81 and a beta of 1.33. The stock has a fifty day moving average of $70.79 and a 200-day moving average of $83.98.

Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.29). The company had revenue of $773.40 million for the quarter, compared to analysts’ expectations of $773.89 million. Kaiser Aluminum had a return on equity of 6.84% and a net margin of 1.37%. The firm’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.26 EPS. On average, equities analysts forecast that Kaiser Aluminum will post 3.04 earnings per share for the current year.

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.