Ninety One UK Ltd Buys 141,261 Shares of Alcoa Co. (NYSE:AA)

Ninety One UK Ltd lifted its stake in Alcoa Co. (NYSE:AA - Free Report) by 39.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 498,574 shares of the industrial products company's stock after acquiring an additional 141,261 shares during the period. Ninety One UK Ltd owned approximately 0.19% of Alcoa worth $18,836,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Creative Planning grew its position in Alcoa by 25.4% in the 2nd quarter. Creative Planning now owns 23,853 shares of the industrial products company's stock worth $949,000 after purchasing an additional 4,828 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Alcoa during the second quarter worth about $304,000. CWM LLC increased its stake in Alcoa by 133.7% during the third quarter. CWM LLC now owns 8,533 shares of the industrial products company's stock valued at $329,000 after acquiring an additional 4,882 shares during the period. UMB Bank n.a. raised its holdings in Alcoa by 481.7% in the 3rd quarter. UMB Bank n.a. now owns 762 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 631 shares in the last quarter. Finally, Contravisory Investment Management Inc. bought a new stake in shares of Alcoa in the 3rd quarter worth approximately $7,696,000. Institutional investors own 82.39% of the company's stock.

Alcoa Price Performance

Shares of AA traded up $0.19 on Friday, hitting $36.12. The company's stock had a trading volume of 4,661,370 shares, compared to its average volume of 5,195,430. The company has a market capitalization of $9.33 billion, a PE ratio of -225.77, a PEG ratio of 0.20 and a beta of 2.43. Alcoa Co. has a fifty-two week low of $24.86 and a fifty-two week high of $47.77. The company has a 50 day moving average price of $38.20 and a 200 day moving average price of $37.53. 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 (NYSE:AA - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The industrial products company reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $0.13. Alcoa had a return on equity of 5.54% and a net margin of 0.50%. On average, research analysts anticipate that Alcoa Co. will post 4.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AA. BMO Capital Markets boosted their price objective on Alcoa to $43.00 and gave the company a "hold" rating in a research report on Friday, January 17th. Argus upgraded shares of Alcoa from a "hold" rating to a "buy" rating and set a $48.00 price objective for the company in a research note on Wednesday, October 23rd. Morgan Stanley decreased their target price on shares of Alcoa from $55.00 to $51.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 28th. StockNews.com raised shares of Alcoa from a "sell" rating to a "hold" rating in a research report on Thursday, October 17th. Finally, Jefferies Financial Group cut their price target on shares of Alcoa from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Alcoa 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.