Alcoa Co. (NYSE:AA) Shares Sold by Monaco Asset Management SAM

Monaco Asset Management SAM cut its position in Alcoa Co. (NYSE:AA - Free Report) by 65.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,000 shares of the industrial products company's stock after selling 75,000 shares during the quarter. Monaco Asset Management SAM's holdings in Alcoa were worth $1,511,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in shares of Alcoa during the 4th quarter worth approximately $29,000. Smartleaf Asset Management LLC raised its stake in shares of Alcoa by 59.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,051 shares of the industrial products company's stock worth $39,000 after buying an additional 393 shares in the last quarter. Quarry LP purchased a new position in shares of Alcoa during the 3rd quarter worth approximately $43,000. Continuum Advisory LLC raised its stake in shares of Alcoa by 1,945.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,125 shares of the industrial products company's stock worth $46,000 after buying an additional 1,070 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Alcoa by 78.5% during the 4th quarter. UMB Bank n.a. now owns 1,360 shares of the industrial products company's stock worth $51,000 after buying an additional 598 shares in the last quarter. 82.39% of the stock is owned by institutional investors and hedge funds.

Alcoa Trading Down 2.4 %

AA traded down $0.84 during midday trading on Tuesday, hitting $33.96. The company's stock had a trading volume of 5,353,998 shares, compared to its average volume of 5,291,611. The company has a current ratio of 1.45, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48. The firm has a market cap of $8.79 billion, a P/E ratio of -212.22, a PEG ratio of 0.19 and a beta of 2.55. The firm has a 50-day moving average price of $35.40 and a two-hundred day moving average price of $37.97. Alcoa Co. has a 52-week low of $27.12 and a 52-week high of $47.77.

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Alcoa (NYSE:AA - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 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, research analysts anticipate that Alcoa Co. will post 4.43 earnings per share for the current year.

Alcoa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Tuesday, March 4th. Alcoa's payout ratio is currently -250.00%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. BMO Capital Markets increased their target price on Alcoa to $43.00 and gave the stock a "hold" rating in a research note on Friday, January 17th. Jefferies Financial Group dropped their price objective on Alcoa from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Bank of America raised their price objective on Alcoa to $58.00 and gave the company a "buy" rating in a research note on Friday, January 24th. B. Riley raised Alcoa to a "strong-buy" rating in a research note on Tuesday, January 21st. Finally, Morgan Stanley dropped their price objective on Alcoa from $55.00 to $51.00 and set an "overweight" rating for the company in a research note on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $50.17.

About Alcoa

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.