Kaiser Aluminum (NASDAQ:KALU – Get Rating) was upgraded by research analysts at StockNews.com from a "sell" rating to a "hold" rating in a research report issued on Thursday.

Separately, Benchmark lowered their price objective on Kaiser Aluminum from $120.00 to $105.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 27th.

Kaiser Aluminum Stock Up 1.8 %

KALU stock opened at $77.18 on Thursday. Kaiser Aluminum has a twelve month low of $59.24 and a twelve month high of $110.88. The company has a quick ratio of 1.42, a current ratio of 2.28 and a debt-to-equity ratio of 1.60. The stock has a market cap of $1.23 billion, a P/E ratio of -857.46 and a beta of 1.09. The business's 50-day moving average price is $71.63 and its 200-day moving average price is $81.83.

Insider Buying and Selling

In related news, CFO Neal E. West sold 400 shares of the business's stock in a transaction that occurred on Monday, October 10th. The stock was sold at an average price of $67.85, for a total value of $27,140.00. Following the transaction, the chief financial officer now directly owns 1,780 shares of the company's stock, valued at approximately $120,773. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders have sold 1,200 shares of company stock valued at $87,820. Corporate insiders own 1.20% of the company's stock.

Institutional Trading of Kaiser Aluminum

Several hedge funds have recently modified their holdings of KALU. Pinebridge Investments L.P. raised its holdings in shares of Kaiser Aluminum by 278.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 378 shares of the industrial products company's stock worth $30,000 after acquiring an additional 278 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Kaiser Aluminum during the 2nd quarter worth approximately $80,000. Captrust Financial Advisors raised its holdings in shares of Kaiser Aluminum by 76.1% during the 1st quarter. Captrust Financial Advisors now owns 1,016 shares of the industrial products company's stock worth $96,000 after acquiring an additional 439 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Kaiser Aluminum by 1,588.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,300 shares of the industrial products company's stock worth $101,000 after acquiring an additional 1,223 shares in the last quarter. Finally, KBC Group NV purchased a new stake in shares of Kaiser Aluminum during the 2nd quarter worth approximately $109,000. 99.59% of the stock is owned by hedge funds and other institutional investors.

About Kaiser Aluminum

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Kaiser Aluminum Corporation engages in manufacture and sale of semi-fabricated specialty aluminum mill products in the United States and internationally. The company offers rolled, extruded, and drawn aluminum products used for aerospace and defense, aluminum beverage and food packaging, automotive and general engineering products.

Further Reading

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