Public Employees Retirement Association of Colorado reduced its stake in Kaiser Aluminum Corp. (NASDAQ:KALU) by 1.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 120,082 shares of the company’s stock after selling 1,579 shares during the period. Public Employees Retirement Association of Colorado owned 0.67% of Kaiser Aluminum Corp. worth $10,857,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Fund Advisors increased its stake in Kaiser Aluminum Corp. by 0.8% in the first quarter. BlackRock Fund Advisors now owns 1,107,264 shares of the company’s stock valued at $93,608,000 after buying an additional 9,065 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Kaiser Aluminum Corp. by 6.0% in the first quarter. Goldman Sachs Group Inc. now owns 715,015 shares of the company’s stock valued at $60,447,000 after buying an additional 40,268 shares in the last quarter. Acadian Asset Management LLC increased its stake in Kaiser Aluminum Corp. by 70.7% in the second quarter. Acadian Asset Management LLC now owns 675,042 shares of the company’s stock valued at $61,031,000 after buying an additional 279,517 shares in the last quarter. State Street Corp increased its stake in Kaiser Aluminum Corp. by 23.9% in the first quarter. State Street Corp now owns 618,212 shares of the company’s stock valued at $52,262,000 after buying an additional 119,108 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in Kaiser Aluminum Corp. by 14.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 529,176 shares of the company’s stock valued at $44,737,000 after buying an additional 65,729 shares in the last quarter. 98.66% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Kaiser Aluminum Corp. (NASDAQ:KALU)

Kaiser Aluminum Corp. (NASDAQ:KALU) traded down 0.64% during trading on Friday, reaching $80.35. 98,460 shares of the company’s stock traded hands. The company has a 50 day moving average price of $84.86 and a 200-day moving average price of $86.40. Kaiser Aluminum Corp. has a 12-month low of $70.14 and a 12-month high of $96.06. The company has a market cap of $1.44 billion, a PE ratio of 16.24 and a beta of 0.47.

Kaiser Aluminum Corp. (NASDAQ:KALU) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.38 by $0.36. Kaiser Aluminum Corp. had a net margin of 6.59% and a return on equity of 9.70%. The firm earned $335 million during the quarter, compared to analysts’ expectations of $351.72 million. During the same period last year, the company earned $1.27 EPS. The business’s quarterly revenue was down 8.8% on a year-over-year basis. On average, equities research analysts forecast that Kaiser Aluminum Corp. will post $5.23 EPS for the current fiscal year.

Several research firms have recently weighed in on KALU. Zacks Investment Research downgraded shares of Kaiser Aluminum Corp. from a “buy” rating to a “hold” rating in a research note on Monday, July 18th. Seaport Global Securities began coverage on shares of Kaiser Aluminum Corp. in a research note on Friday, September 9th. They set a “buy” rating and a $100.00 price target for the company. Credit Suisse Group AG set a $85.00 price target on shares of Kaiser Aluminum Corp. and gave the company a “hold” rating in a research note on Wednesday, July 20th. Bank of America Corp. reaffirmed a “buy” rating on shares of Kaiser Aluminum Corp. in a research note on Friday, June 17th. Finally, Macquarie began coverage on shares of Kaiser Aluminum Corp. in a research note on Tuesday, September 6th. They set an “outperform” rating for the company. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $91.71.

About Kaiser Aluminum Corp.

Kaiser Aluminum Corporation is engaged in the production of semi-fabricated specialty aluminum products. The Company manufactures aluminum plate and sheet, and extruded and drawn products, primarily used in aerospace/high strength, automotive, general engineering and other industrial end market applications.

5 Day Chart for NASDAQ:KALU

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