AlphaQuest LLC Has $224,000 Stock Position in Alcoa Co. (NYSE:AA)

AlphaQuest LLC lessened its stake in Alcoa Co. (NYSE:AA - Free Report) by 76.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,934 shares of the industrial products company's stock after selling 19,370 shares during the quarter. AlphaQuest LLC's holdings in Alcoa were worth $224,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AA. PNC Financial Services Group Inc. boosted its position in Alcoa by 5.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 193,955 shares of the industrial products company's stock worth $7,328,000 after acquiring an additional 9,287 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of Alcoa by 7.4% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 24,013 shares of the industrial products company's stock worth $1,001,000 after purchasing an additional 1,659 shares in the last quarter. Edgestream Partners L.P. acquired a new position in Alcoa during the fourth quarter worth $1,048,000. Carmel Capital Partners LLC grew its position in Alcoa by 9.5% in the fourth quarter. Carmel Capital Partners LLC now owns 22,662 shares of the industrial products company's stock valued at $856,000 after purchasing an additional 1,961 shares in the last quarter. Finally, Inceptionr LLC acquired a new stake in Alcoa in the 4th quarter valued at $435,000. Institutional investors own 82.39% of the company's stock.

Wall Street Analysts Forecast Growth

AA has been the topic of a number of research analyst reports. BMO Capital Markets increased their price target on Alcoa to $43.00 and gave the company a "hold" rating in a research note on Friday, January 17th. Morgan Stanley lowered their price target on shares of Alcoa from $55.00 to $51.00 and set an "overweight" rating on the stock in a report on Tuesday, January 28th. Bank of America boosted their price target on Alcoa to $58.00 and gave the company a "buy" rating in a research note on Friday, January 24th. HC Wainwright upped their price target on shares of Alcoa to $90.00 and gave the company a "buy" rating in a research note on Tuesday, March 11th. Finally, JPMorgan Chase & Co. raised their target price on shares of Alcoa from $38.00 to $40.00 and gave the stock a "neutral" rating in a report on Thursday, January 16th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Alcoa has an average rating of "Moderate Buy" and an average target price of $50.17.

Remove Ads

Alcoa Price Performance

Shares of Alcoa stock traded up $1.32 during midday trading on Wednesday, hitting $35.29. 3,941,574 shares of the company traded hands, compared to its average volume of 5,070,419. The firm's fifty day moving average price is $35.36 and its 200-day moving average price is $37.99. The stock has a market cap of $9.14 billion, a price-to-earnings ratio of -220.56, a PEG ratio of 0.19 and a beta of 2.55. Alcoa Co. has a 12 month low of $27.12 and a 12 month high of $47.77. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.45.

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 for the quarter, topping analysts' consensus estimates of $0.91 by $0.13. Alcoa had a net margin of 0.50% and a return on equity of 5.54%. As a group, sell-side analysts forecast that Alcoa Co. will post 4.43 earnings per share for the current year.

Alcoa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Tuesday, March 4th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.40 dividend on an annualized basis and a yield of 1.13%. Alcoa's payout ratio is presently -250.00%.

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.