ARK Investment Management LLC Purchases 2,368 Shares of Kaiser Aluminum Co. (NASDAQ:KALU)

ARK Investment Management LLC grew its position in Kaiser Aluminum Co. (NASDAQ:KALU) by 15.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,473 shares of the industrial products company’s stock after acquiring an additional 2,368 shares during the period. ARK Investment Management LLC owned about 0.11% of Kaiser Aluminum worth $1,228,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. QRG Capital Management Inc. grew its holdings 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 purchasing an additional 214 shares during the period. Principal Financial Group Inc. lifted its position in shares of Kaiser Aluminum by 6.7% in the third quarter. Principal Financial Group Inc. now owns 84,370 shares of the industrial products company’s stock valued at $6,119,000 after buying an additional 5,287 shares during the last quarter. Versor Investments LP bought a new position in shares of Kaiser Aluminum during the 3rd quarter worth approximately $319,000. GSA Capital Partners LLP increased its holdings in shares of Kaiser Aluminum by 91.6% during the 3rd quarter. GSA Capital Partners LLP now owns 9,121 shares of the industrial products company’s stock worth $661,000 after acquiring an additional 4,360 shares during the last quarter. Finally, Chesapeake Capital Corp IL raised its stake in Kaiser Aluminum by 27.9% in the 3rd quarter. Chesapeake Capital Corp IL now owns 6,471 shares of the industrial products company’s stock valued at $474,000 after acquiring an additional 1,412 shares during the period. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Kaiser Aluminum Stock Down 0.2 %

Kaiser Aluminum stock opened at $70.74 on Thursday. Kaiser Aluminum Co. has a twelve month low of $63.44 and a twelve month high of $102.42. The stock has a market cap of $1.14 billion, a P/E ratio of 24.65 and a beta of 1.34. The company’s 50-day moving average price is $71.15 and its two-hundred day moving average price is $73.43. The company has a quick ratio of 1.36, a current ratio of 2.44 and a debt-to-equity ratio of 1.56.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings results 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 firm had revenue of $765.40 million for the quarter, compared to analyst estimates 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 business posted $0.60 earnings per share. As a group, analysts expect that Kaiser Aluminum Co. will post 5.14 EPS for the current year.

Kaiser Aluminum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 24th were given a $0.77 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.35%. Kaiser Aluminum’s payout ratio is presently 107.32%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Kaiser Aluminum from a “hold” rating to a “sell” rating in a research report on Friday, February 21st.

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.