Is Major Move Coming For Kaiser Aluminum Corporation (KALU) After This Bearish Head & Shoulders Pattern?

May 25, 2018 - By reb123z

Investors sentiment decreased to 0.95 in Q4 2017. Its down 0.10, from 1.05 in 2017Q3. It worsened, as 17 investors sold Kaiser Aluminum Corporation shares while 67 reduced holdings. 30 funds opened positions while 50 raised stakes. 16.04 million shares or 0.25% more from 16.00 million shares in 2017Q3 were reported.
Alliancebernstein Lp reported 21,570 shares or 0% of all its holdings. Walthausen And Ltd Liability Corp has invested 1.25% in Kaiser Aluminum Corporation (NASDAQ:KALU). Advsr Asset Management invested in 0.01% or 4,321 shares. Winslow Asset Mngmt accumulated 2.19% or 111,197 shares. Qs Limited Liability invested in 2,840 shares or 0% of the stock. Keybank National Association Oh reported 12,307 shares. Vanguard Gp invested in 0.01% or 1.69 million shares. Us State Bank De reported 832 shares stake. Parametric Assocs Limited Liability Company stated it has 0.01% of its portfolio in Kaiser Aluminum Corporation (NASDAQ:KALU). Moreover, Rothschild Asset Management has 0.35% invested in Kaiser Aluminum Corporation (NASDAQ:KALU) for 306,748 shares. Los Angeles Equity Research Inc holds 56,980 shares or 0.03% of its portfolio. Barclays Pcl has invested 0% of its portfolio in Kaiser Aluminum Corporation (NASDAQ:KALU). Morgan Stanley, a New York-based fund reported 39,852 shares. Hanseatic Mgmt Service stated it has 0.34% in Kaiser Aluminum Corporation (NASDAQ:KALU). Proshare Advisors Lc reported 2,975 shares stake.

Since March 5, 2018, it had 0 insider purchases, and 6 insider sales for $2.89 million activity. 725 shares valued at $74,965 were sold by West Neal E on Tuesday, May 15. Another trade for 3,262 shares valued at $342,595 was made by Parkinson Ray on Monday, May 14. HOCKEMA JACK A sold 9,000 shares worth $936,129. DONNAN JOHN MALCOLM sold $726,481 worth of stock or 6,783 shares. 1,000 shares were sold by OSBORNE ALFRED E JR, worth $104,400 on Thursday, March 15.

The stock of Kaiser Aluminum Corporation (KALU) formed H&S with $99.29 target or 9.00 % below today’s $109.11 share price. The 8 months Head & Shoulders indicates high risk for the $1.83B company. It was reported on May, 25 by Faxor.com. If the $99.29 price target is reached, the company will be worth $164.61M less.
Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%.

The stock increased 0.37% or $0.4 during the last trading session, reaching $109.11. About 208,692 shares traded or 69.36% up from the average. Kaiser Aluminum Corporation (NASDAQ:KALU) has risen 25.83% since May 25, 2017 and is uptrending. It has outperformed by 14.28% the S&P500.

Analysts await Kaiser Aluminum Corporation (NASDAQ:KALU) to report earnings on July, 18. They expect $1.63 EPS, up 10.88 % or $0.16 from last year’s $1.47 per share. KALU’s profit will be $27.32M for 16.73 P/E if the $1.63 EPS becomes a reality. After $1.60 actual EPS reported by Kaiser Aluminum Corporation for the previous quarter, Wall Street now forecasts 1.87 % EPS growth.

Kaiser Aluminum Corporation (NASDAQ:KALU) Ratings Coverage

Among 5 analysts covering Kaiser Aluminum Corp (NASDAQ:KALU), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. Kaiser Aluminum Corp has $125.0 highest and $9700 lowest target. $106.60’s average target is -2.30% below currents $109.11 stock price. Kaiser Aluminum Corp had 7 analyst reports since January 22, 2018 according to SRatingsIntel. Seaport Global maintained it with “Buy” rating and $120.0 target in Friday, February 23 report. The firm earned “Hold” rating on Monday, April 30 by Cowen & Co. The firm has “Hold” rating by Cowen & Co given on Friday, February 23. The rating was maintained by Credit Suisse with “Neutral” on Friday, February 23. The firm earned “Hold” rating on Tuesday, February 27 by Deutsche Bank. The stock of Kaiser Aluminum Corporation (NASDAQ:KALU) earned “Buy” rating by Seaport Global on Monday, January 22.

More news for Kaiser Aluminum Corporation (NASDAQ:KALU) were recently published by: Ocbj.com, which released: “Midday Stock Roundup” on May 09, 2018. Seekingalpha.com‘s article titled: “Kaiser Aluminum’s (KALU) CEO Jack Hockema on Q1 2018 Results – Earnings Call Transcript” and published on April 27, 2018 is yet another important article.

Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The company has market cap of $1.83 billion. The firm offers rolled, extruded, and drawn aluminum products used principally for aerospace and defense, automotive, consumer durables, electronics, electrical, and machinery and equipment applications. It has a 41.49 P/E ratio. The Company’s aerospace and high strength products include heat treat plates and sheets, hard alloy extruded shapes, cold finish rods and bars, seamless drawn tubes, and billets for aerospace and defense industries.

Kaiser Aluminum Corporation (NASDAQ:KALU) Institutional Positions Chart

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