30 MAY 2016www.themarketdigest.org
Paradice Investment Management buys $42.2 Million stake in Kaiser Aluminum Corp.
Edited by : AL CIRCLE
2 min read
Paradice Investment Management scooped up 27,857 additional shares in Kaiser Aluminum Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 488,331 shares of Kaiser Aluminum Corp. which is valued at $42.2 Million.Kaiser Aluminum Corp. makes up approximately 5.61% of Paradice Investment Management’s portfolio.
Other Hedge Funds, Including , Parametric Portfolio Associates boosted its stake in KALU in the latest quarter, The investment management firm added 41,838 additional shares and now holds a total of 149,972 shares of Kaiser Aluminum Corp. which is valued at $13 Million. Kaiser Aluminum Corp. makes up approx 0.02% of Parametric Portfolio Associates’s portfolio.
On the company’s financial health, Kaiser Aluminum Corp. reported $1.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.24 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $1.27. The company had revenue of $343.20 million for the quarter, compared to analysts expectations of $347.15 million. The company’s revenue was down -7.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.01 EPS.
Many Wall Street Analysts have commented on Kaiser Aluminum Corp.. Kaiser Aluminum Corp. was Initiated by Goldman to “Sell” on May 19, 2016. Company shares were Reiterated by Deutsche Bank on Apr 25, 2016 to “Buy”, Firm has raised the Price Target to $ 100 from a previous price target of $90 .Company shares were Reiterated by Cowen on Apr 22, 2016 to “Outperform”, Firm has raised the Price Target to $ 90 from a previous price target of $86 .
Other Hedge Funds, Including , Parametric Portfolio Associates boosted its stake in KALU in the latest quarter, The investment management firm added 41,838 additional shares and now holds a total of 149,972 shares of Kaiser Aluminum Corp. which is valued at $13 Million. Kaiser Aluminum Corp. makes up approx 0.02% of Parametric Portfolio Associates’s portfolio.
On the company’s financial health, Kaiser Aluminum Corp. reported $1.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.24 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $1.27. The company had revenue of $343.20 million for the quarter, compared to analysts expectations of $347.15 million. The company’s revenue was down -7.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.01 EPS.
Many Wall Street Analysts have commented on Kaiser Aluminum Corp.. Kaiser Aluminum Corp. was Initiated by Goldman to “Sell” on May 19, 2016. Company shares were Reiterated by Deutsche Bank on Apr 25, 2016 to “Buy”, Firm has raised the Price Target to $ 100 from a previous price target of $90 .Company shares were Reiterated by Cowen on Apr 22, 2016 to “Outperform”, Firm has raised the Price Target to $ 90 from a previous price target of $86 .
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