Ausbil Investment Management Ltd Purchases Shares of 12,000 Alcoa Co. (NYSE:AA)

Ausbil Investment Management Ltd purchased a new position in Alcoa Co. (NYSE:AA - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 12,000 shares of the industrial products company's stock, valued at approximately $429,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of AA. Newbridge Financial Services Group Inc. purchased a new stake in Alcoa in the 2nd quarter worth about $27,000. UMB Bank n.a. lifted its position in shares of Alcoa by 481.7% in the third quarter. UMB Bank n.a. now owns 762 shares of the industrial products company's stock worth $29,000 after purchasing an additional 631 shares in the last quarter. Quarry LP acquired a new stake in shares of Alcoa during the third quarter worth approximately $43,000. Continuum Advisory LLC grew its position in Alcoa by 1,945.5% during the third quarter. Continuum Advisory LLC now owns 1,125 shares of the industrial products company's stock valued at $46,000 after purchasing an additional 1,070 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Alcoa by 399.0% in the 4th quarter. GAMMA Investing LLC now owns 1,447 shares of the industrial products company's stock valued at $55,000 after buying an additional 1,157 shares during the period.

Alcoa Stock Performance

NYSE:AA traded up $2.19 during midday trading on Tuesday, reaching $36.30. The stock had a trading volume of 3,546,575 shares, compared to its average volume of 5,395,063. The stock has a market capitalization of $9.38 billion, a P/E ratio of -226.89, a PEG ratio of 0.20 and a beta of 2.43. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.45 and a quick ratio of 0.86. Alcoa Co. has a 1-year low of $24.86 and a 1-year high of $47.77. The firm's fifty day simple moving average is $39.03 and its 200-day simple moving average is $37.50.

Alcoa (NYSE:AA - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.13. Alcoa had a return on equity of 5.54% and a net margin of 0.50%. On average, equities research analysts forecast that Alcoa Co. will post 4.43 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. BMO Capital Markets lifted their target price on shares of Alcoa to $43.00 and gave the company a "hold" rating in a research note on Friday, January 17th. Bank of America boosted their target price on Alcoa to $58.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Jefferies Financial Group cut their price target on Alcoa from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Morgan Stanley lowered their price target on Alcoa from $55.00 to $51.00 and set an "overweight" rating for the company in a research note on Tuesday, January 28th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Alcoa from $38.00 to $40.00 and gave the company a "neutral" rating in a research report on Thursday, January 16th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $46.55.

Alcoa Profile

Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Iceland, Norway, Brazil, Canada, and internationally. The company operates through two segments, Alumina and Aluminum. It engages in bauxite mining operations; and processes bauxite into alumina and sells it to customers who process it into industrial chemical products, as well as aluminum smelting and casting businesses.