ANTIPODES PARTNERS Ltd Has $62.38 Million Stock Holdings in Alcoa Co. (NYSE:AA)

ANTIPODES PARTNERS Ltd lessened its stake in shares of Alcoa Co. (NYSE:AA - Free Report) by 24.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,651,009 shares of the industrial products company's stock after selling 538,740 shares during the quarter. Alcoa accounts for 2.2% of ANTIPODES PARTNERS Ltd's investment portfolio, making the stock its 20th biggest position. ANTIPODES PARTNERS Ltd owned 0.64% of Alcoa worth $62,380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Mountaineer Partners Management LLC lifted its stake in shares of Alcoa by 4,023.0% in 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 acquiring an additional 10,534,036 shares in the last quarter. State Street Corp increased its holdings in Alcoa by 23.3% in the third quarter. State Street Corp now owns 9,563,645 shares of the industrial products company's stock valued at $368,965,000 after buying an additional 1,805,915 shares during the last quarter. Geode Capital Management LLC increased its holdings in 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 buying an additional 1,239,479 shares during the last quarter. ARGA Investment Management LP increased its holdings in Alcoa by 29.6% in the fourth quarter. ARGA Investment Management LP now owns 2,998,311 shares of the industrial products company's stock valued at $113,276,000 after buying an additional 684,505 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Alcoa by 8.1% in the fourth quarter. Bank of New York Mellon Corp now owns 2,550,861 shares of the industrial products company's stock valued at $96,372,000 after buying an additional 192,078 shares during the last quarter. Institutional investors and hedge funds own 82.39% of the company's stock.

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Alcoa Stock Up 3.9 %

NYSE:AA traded up $1.25 during trading hours on Friday, hitting $33.56. 3,837,122 shares of the stock traded hands, compared to its average volume of 5,289,404. The firm has a 50 day moving average price of $35.44 and a 200 day moving average price of $37.91. The company has a current ratio of 1.45, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48. Alcoa Co. has a fifty-two week low of $27.12 and a fifty-two week high of $47.77. The firm has a market cap of $8.69 billion, a price-to-earnings ratio of -209.73, a PEG ratio of 0.19 and a beta of 2.55.

Alcoa (NYSE:AA - Get Free Report) last announced its 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%. Equities research analysts anticipate that Alcoa Co. will post 4.43 earnings per share for the current year.

Alcoa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Tuesday, March 4th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Tuesday, March 4th. Alcoa's dividend payout ratio (DPR) is presently -250.00%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. BMO Capital Markets boosted their price objective on Alcoa to $43.00 and gave the company a "hold" rating in a report on Friday, January 17th. B. Riley raised Alcoa to a "strong-buy" rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. boosted their price objective on Alcoa from $38.00 to $40.00 and gave the company a "neutral" rating in a report on Thursday, January 16th. HC Wainwright boosted their price objective on Alcoa to $90.00 and gave the company a "buy" rating in a report on Tuesday, March 11th. Finally, Bank of America boosted their price objective on Alcoa to $58.00 and gave the company a "buy" rating in a report on Friday, January 24th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $50.17.

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.