Advisors Preferred LLC Invests $1.07 Million in Alcoa Co. (NYSE:AA)

Advisors Preferred LLC acquired a new position in shares of Alcoa Co. (NYSE:AA - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 28,129 shares of the industrial products company's stock, valued at approximately $1,069,000.

A number of other hedge funds also recently modified their holdings of the stock. Mountaineer Partners Management LLC increased its stake in shares of Alcoa by 4,023.0% during the third quarter. Mountaineer Partners Management LLC now owns 10,795,880 shares of the industrial products company's stock worth $416,505,000 after purchasing an additional 10,534,036 shares during the period. State Street Corp increased its position in Alcoa by 23.3% during the 3rd quarter. State Street Corp now owns 9,563,645 shares of the industrial products company's stock worth $368,965,000 after buying an additional 1,805,915 shares during the period. Paloma Partners Management Co boosted its position in shares of Alcoa by 11,317.8% in the third quarter. Paloma Partners Management Co now owns 1,427,799 shares of the industrial products company's stock valued at $55,084,000 after acquiring an additional 1,415,294 shares during the period. Geode Capital Management LLC grew its stake in shares of Alcoa by 42.0% in the third quarter. Geode Capital Management LLC now owns 4,193,744 shares of the industrial products company's stock valued at $161,838,000 after acquiring an additional 1,239,479 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. bought a new position in Alcoa during the third quarter worth about $36,165,000.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AA shares. BMO Capital Markets increased their target price on shares of Alcoa to $43.00 and gave the stock a "hold" rating in a research report on Friday, January 17th. JPMorgan Chase & Co. raised their price objective on Alcoa from $38.00 to $40.00 and gave the stock a "neutral" rating in a research note on Thursday, January 16th. Jefferies Financial Group reduced their target price on Alcoa from $50.00 to $45.00 and set a "buy" rating on the stock in a report on Monday, January 6th. StockNews.com raised Alcoa from a "sell" rating to a "hold" rating in a research note on Thursday, October 17th. Finally, UBS Group increased their price objective on shares of Alcoa from $40.00 to $50.00 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $46.55.

Alcoa Trading Up 0.7 %

NYSE AA traded up $0.25 during mid-day trading on Tuesday, reaching $37.17. 6,381,562 shares of the stock were exchanged, compared to its average volume of 5,334,682. Alcoa Co. has a one year low of $24.86 and a one year high of $47.77. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.45 and a quick ratio of 0.86. The stock has a 50 day simple moving average of $38.02 and a 200-day simple moving average of $37.59. The stock has a market cap of $9.60 billion, a P/E ratio of -232.30, a P/E/G ratio of 0.20 and a beta of 2.43.

Alcoa (NYSE:AA - Get Free Report) last posted 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 net margin of 0.50% and a return on equity of 5.54%. On average, analysts anticipate that Alcoa Co. will post 4.43 EPS for the current year.

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.