Two Sigma Advisers LP lessened its stake in shares of Alcoa Corp (NYSE:AA) by 2.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,443,775 shares of the industrial products company’s stock after selling 64,567 shares during the period. Two Sigma Advisers LP owned approximately 1.32% of Alcoa worth $131,646,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Alliancebernstein L.P. grew its position in shares of Alcoa by 207.1% during the 4th quarter. Alliancebernstein L.P. now owns 5,279,091 shares of the industrial products company’s stock worth $284,385,000 after buying an additional 3,559,958 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Alcoa during the third quarter valued at about $99,757,000. Dimensional Fund Advisors LP boosted its position in Alcoa by 88.0% during the third quarter. Dimensional Fund Advisors LP now owns 2,700,684 shares of the industrial products company’s stock valued at $125,898,000 after purchasing an additional 1,264,324 shares in the last quarter. Hennessy Advisors Inc. bought a new stake in Alcoa during the fourth quarter valued at about $35,651,000. Finally, BlackRock Inc. boosted its position in Alcoa by 7.0% during the fourth quarter. BlackRock Inc. now owns 8,761,507 shares of the industrial products company’s stock valued at $471,984,000 after purchasing an additional 570,178 shares in the last quarter.
A number of equities research analysts recently weighed in on AA shares. Citigroup set a $55.00 price objective on Alcoa and gave the company a “buy” rating in a research report on Wednesday, November 29th. Morgan Stanley set a $55.00 price objective on Alcoa and gave the company a “buy” rating in a research report on Tuesday, December 19th. Credit Suisse Group raised Alcoa from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $42.00 to $61.00 in a research report on Wednesday, December 20th. BMO Capital Markets reaffirmed a “buy” rating and set a $65.00 price objective on shares of Alcoa in a research report on Friday, December 22nd. Finally, Cowen reaffirmed a “market perform” rating and set a $59.00 price objective (up previously from $51.00) on shares of Alcoa in a research report on Thursday, January 18th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Alcoa presently has an average rating of “Buy” and a consensus price target of $57.34.
In other news, VP William F. Oplinger sold 229,475 shares of the firm’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $52.86, for a total value of $12,130,048.50. Following the completion of the transaction, the vice president now directly owns 108,915 shares in the company, valued at $5,757,246.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Tomas Mar Sigurdsson sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $51.37, for a total value of $513,700.00. Following the sale, the chief operating officer now directly owns 46,832 shares in the company, valued at $2,405,759.84. The disclosure for this sale can be found here.
Alcoa Corp (NYSE AA) traded up $0.11 during trading on Tuesday, reaching $46.47. The company’s stock had a trading volume of 1,506,095 shares, compared to its average volume of 4,167,023. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.86 and a current ratio of 1.30. Alcoa Corp has a 52 week low of $29.55 and a 52 week high of $57.50. The stock has a market capitalization of $8,793.07, a PE ratio of 40.42, a PEG ratio of 1.54 and a beta of 0.10.
Alcoa (NYSE:AA) last announced its quarterly earnings data on Wednesday, January 17th. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.19). Alcoa had a return on equity of 7.20% and a net margin of 1.86%. The firm had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.29 billion. During the same quarter in the previous year, the business earned $0.14 earnings per share. The company’s revenue for the quarter was up 25.1% compared to the same quarter last year. equities research analysts predict that Alcoa Corp will post 3.56 EPS for the current fiscal year.
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Alcoa Company 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.
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