Stifel Financial Corp Has $2.19 Million Stake in Alcoa Corp (NYSE:AA)

Stifel Financial Corp cut its holdings in shares of Alcoa Corp (NYSE:AA) by 11.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,684 shares of the industrial products company’s stock after selling 6,225 shares during the period. Stifel Financial Corp’s holdings in Alcoa were worth $2,190,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Alcoa by 0.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 35,996 shares of the industrial products company’s stock worth $1,175,000 after buying an additional 104 shares during the period. Private Advisor Group LLC boosted its holdings in shares of Alcoa by 2.3% during the 2nd quarter. Private Advisor Group LLC now owns 9,433 shares of the industrial products company’s stock worth $322,000 after buying an additional 208 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Alcoa by 3.8% during the 2nd quarter. Van ECK Associates Corp now owns 5,779 shares of the industrial products company’s stock worth $189,000 after buying an additional 213 shares during the period. Lincoln National Corp boosted its holdings in shares of Alcoa by 3.9% during the 2nd quarter. Lincoln National Corp now owns 6,154 shares of the industrial products company’s stock worth $201,000 after buying an additional 233 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Alcoa by 3.7% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,049 shares of the industrial products company’s stock worth $263,000 after buying an additional 288 shares during the period.

Alcoa Corp (NYSE:AA) traded down $0.15 on Friday, reaching $56.76. 4,216,639 shares of the company’s stock traded hands, compared to its average volume of 3,990,000. The company has a quick ratio of 0.90, a current ratio of 1.38 and a debt-to-equity ratio of 0.17. The firm has a market cap of $10,500.00 and a PE ratio of 38.88. Alcoa Corp has a 52-week low of $29.55 and a 52-week high of $57.50.

Alcoa (NYSE:AA) last posted its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.05). The company had revenue of $2.96 billion during the quarter, compared to analyst estimates of $2.95 billion. Alcoa had a net margin of 2.61% and a return on equity of 4.90%. The company’s revenue was up 27.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.32 EPS. sell-side analysts expect that Alcoa Corp will post 3.19 EPS for the current fiscal year.

A number of brokerages have weighed in on AA. Citigroup increased their price target on shares of Alcoa to $65.00 and gave the company a “buy” rating in a report on Thursday. BMO Capital Markets reissued a “buy” rating and issued a $65.00 price target on shares of Alcoa in a report on Friday, December 22nd. Gabelli downgraded shares of Alcoa from a “buy” rating to a “hold” rating and raised their price objective for the stock from $57.00 to $60.00 in a report on Wednesday, October 4th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $60.00 price objective on shares of Alcoa in a report on Thursday, October 19th. Finally, Berenberg Bank set a $44.00 price objective on shares of Alcoa and gave the stock a “hold” rating in a report on Wednesday, October 18th. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Alcoa presently has a consensus rating of “Buy” and an average price target of $53.74.

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Alcoa Profile

Alcoa Corporation, formerly Alcoa Upstream Corporation, is engaged in the production of bauxite, alumina and aluminum of various cast and rolled products. The Company is engaged in the production and management of aluminum and alumina combined through its participation in various aspects of the industry, such as technology, mining, refining, smelting, and recycling.

Institutional Ownership by Quarter for Alcoa (NYSE:AA)

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