Allspring Global Investments Holdings LLC, as revealed in its latest filing with the Securities & Exchange Commission in the fourth quarter, acquired new stakes in Kaiser Aluminum Corporation. Of the firm's industrial products company, the investment company brought a total of 41,712 shares, which is deemed to be worth nearly USD 5,018,000. By the end of the latest reporting period, the investing firm will own a 0.26 per cent stake in Kaiser Aluminum.

In the near future, many hedge funds and institutional investors made credible changes in their holdings in Kaiser Aluminum. This includes the Royal Bank of Canada surging its investment in the firm by 212.6 per cent in the first quarter, which brings the total to 5,815 shares valued at USD 352 thousand, after adding 3,955 shares last quarter.

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At the same time, the Jacobs Levy Equity Management Inc. took on its new position, which is said to be worth around USD 247 thousand during the same time. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. expanded its stake by 4.4 per cent and is currently holding a total of 9,491 shares valued at USD 575 thousand, after adding an extra 397 shares. These shares are now worth USD 2,544,000 after adding 1,084 shares.

On the positive side, the Jane Street Group LLC made a significant move by expanding its position within the firm by 323.6 per cent to 55,190 shares, which are currently valued at USD 3,346,000 after acquiring an additional 42,160 shares. In conclusion, the hedge funds and institutional investors are now owning almost 99.29 per cent of the firm's stock.

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On Tuesday, the firm's share stood at USD 130.39, where the 50-day moving average is deemed to be at USD 127.46 and the 200-day average moved to USD 109.45. The firm's market capitalisation has been boosted to USD 2.11 billion with a PE ratio of 19.23 and a beta of 1.39.

In the last year, the firm's share price went low at USD 47.93 and high at USD 150. It holds a debt-to-equity ratio of 1.28, a quick ratio of 1.26 and a current ratio of 2.95. On February 18, the firm reported its latest earnings, posting quarterly EPS of USD 1.53, which is close to the consensus estimate of USD 1.56 by USD 0.03.

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In the same quarter, the firm gained USD 929 million in revenue, which exceeded the expectation of USD 902 million. Additionally, the firm reported a return on equity of 12.69 per cent and a net margin of 3.34 per cent, with the quarterly revenue climbing by 21.4 per cent compared to the same time last year.

In the previous year's corresponding quarter, the firm had an EPS of USD 0.33. In this context, the analysts predict that the firm will be reporting an EPS of 5.14 for the current fiscal year.

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