Kaiser Aluminum Co. (NASDAQ:KALU) Position Trimmed by Jane Street Group LLC

Jane Street Group LLC trimmed its stake in Kaiser Aluminum Co. (NASDAQ:KALU) by 82.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,039 shares of the industrial products company’s stock after selling 42,074 shares during the quarter. Jane Street Group LLC’s holdings in Kaiser Aluminum were worth $656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. American Century Companies Inc. lifted its position in Kaiser Aluminum by 358.0% in the 2nd quarter. American Century Companies Inc. now owns 250,809 shares of the industrial products company’s stock worth $22,046,000 after buying an additional 196,045 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Kaiser Aluminum by 368.0% in the second quarter. Bank of Montreal Can now owns 65,877 shares of the industrial products company’s stock worth $5,917,000 after acquiring an additional 51,802 shares during the last quarter. ClariVest Asset Management LLC acquired a new stake in Kaiser Aluminum during the second quarter valued at $2,999,000. Systematic Financial Management LP grew its stake in Kaiser Aluminum by 12.2% in the third quarter. Systematic Financial Management LP now owns 234,917 shares of the industrial products company’s stock valued at $17,036,000 after purchasing an additional 25,494 shares in the last quarter. Finally, Intech Investment Management LLC grew its stake in Kaiser Aluminum by 578.6% in the third quarter. Intech Investment Management LLC now owns 28,991 shares of the industrial products company’s stock valued at $2,102,000 after purchasing an additional 24,719 shares in the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Kaiser Aluminum Stock Down 0.1 %

KALU opened at $70.23 on Friday. The company has a market capitalization of $1.13 billion, a PE ratio of 24.30 and a beta of 1.33. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.60 and a quick ratio of 1.36. Kaiser Aluminum Co. has a fifty-two week low of $59.52 and a fifty-two week high of $102.42. The business has a 50-day moving average of $77.65 and a 200-day moving average of $77.20.

Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.16). The business had revenue of $748.00 million for the quarter, compared to the consensus estimate of $793.30 million. Kaiser Aluminum had a net margin of 1.59% and a return on equity of 6.92%. Kaiser Aluminum’s revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.46 EPS. Equities research analysts forecast that Kaiser Aluminum Co. will post 2.63 EPS for the current fiscal year.

Kaiser Aluminum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 25th were paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 4.39%. The ex-dividend date was Friday, October 25th. Kaiser Aluminum’s payout ratio is presently 106.57%.

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.