Alcoa Co. (NYSE:AA) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its holdings in Alcoa Co. (NYSE:AA - Free Report) by 67.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,900 shares of the industrial products company's stock after selling 14,500 shares during the quarter. Sumitomo Mitsui Trust Group Inc.'s holdings in Alcoa were worth $261,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in AA. Quarry LP acquired a new stake in Alcoa in the 3rd quarter valued at about $43,000. Continuum Advisory LLC grew its position in shares of Alcoa by 1,945.5% in 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. UMB Bank n.a. increased its holdings in shares of Alcoa by 78.5% in the fourth quarter. UMB Bank n.a. now owns 1,360 shares of the industrial products company's stock valued at $51,000 after purchasing an additional 598 shares during the last quarter. GAMMA Investing LLC lifted its position in Alcoa by 399.0% during the fourth quarter. GAMMA Investing LLC now owns 1,447 shares of the industrial products company's stock worth $55,000 after buying an additional 1,157 shares in the last quarter. Finally, Millburn Ridgefield Corp acquired a new position in Alcoa during the third quarter worth $89,000.

Alcoa Trading Down 2.2 %

NYSE:AA traded down $0.83 during trading hours on Wednesday, reaching $36.18. 1,999,820 shares of the stock were exchanged, compared to its average volume of 4,990,711. Alcoa Co. has a twelve month low of $24.86 and a twelve month high of $47.77. The business has a 50-day moving average of $37.14 and a two-hundred day moving average of $37.78. The company has a market capitalization of $9.35 billion, a price-to-earnings ratio of -226.14, a PEG ratio of 0.20 and a beta of 2.43. The company has a quick ratio of 0.86, a current ratio of 1.45 and a debt-to-equity ratio of 0.48.

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

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Argus raised Alcoa from a "hold" rating to a "buy" rating and set a $48.00 target price for the company in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. upped their price objective on shares of Alcoa from $38.00 to $40.00 and gave the company a "neutral" rating in a report on Thursday, January 16th. BMO Capital Markets lifted their target price on shares of 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 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. Finally, Morgan Stanley cut their price target on shares of Alcoa from $55.00 to $51.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. Four investment 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 stock. According to MarketBeat.com, Alcoa has a consensus rating of "Moderate Buy" and an average target price of $46.55.

Alcoa Company 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.