Global Alpha Capital Management Ltd. trimmed its position in shares of Alcoa Co. (NYSE:AA - Free Report) by 12.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 817,210 shares of the industrial products company's stock after selling 120,200 shares during the period. Alcoa makes up approximately 2.2% of Global Alpha Capital Management Ltd.'s holdings, making the stock its 21st biggest holding. Global Alpha Capital Management Ltd. owned approximately 0.32% of Alcoa worth $30,874,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in shares of Alcoa in the 4th quarter worth about $29,000. Smartleaf Asset Management LLC lifted its stake in Alcoa by 59.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,051 shares of the industrial products company's stock worth $39,000 after purchasing an additional 393 shares during the last quarter. Quarry LP purchased a new position in shares of Alcoa during the third quarter valued at approximately $43,000. Continuum Advisory LLC grew its stake in shares of Alcoa by 1,945.5% during the third quarter. Continuum Advisory LLC now owns 1,125 shares of the industrial products company's stock valued at $46,000 after buying an additional 1,070 shares during the last quarter. Finally, UMB Bank n.a. raised 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 worth $51,000 after buying an additional 598 shares during the period. Institutional investors own 82.39% of the company's stock.
Alcoa Trading Up 4.1 %
Shares of Alcoa stock traded up $1.32 during mid-day trading on Wednesday, hitting $33.28. The stock had a trading volume of 4,766,428 shares, compared to its average volume of 5,101,583. The firm has a market cap of $8.61 billion, a P/E ratio of -207.97, a price-to-earnings-growth 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 firm has a 50-day moving average of $35.68 and a two-hundred day moving average of $37.97. 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 quarterly earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 EPS for the quarter, topping 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%. Sell-side analysts forecast 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. Investors 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 1.20%. The ex-dividend date of this dividend is Tuesday, March 4th. Alcoa's dividend payout ratio is currently -250.00%.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on AA shares. 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. JPMorgan Chase & Co. raised their price target on shares of Alcoa from $38.00 to $40.00 and gave the stock a "neutral" rating in a research note on Thursday, January 16th. HC Wainwright boosted their price objective on shares of Alcoa to $90.00 and gave the company a "buy" rating in a research report on Tuesday. BMO Capital Markets raised their target price on shares of Alcoa to $43.00 and gave the stock a "hold" rating in a research report on Friday, January 17th. Finally, Jefferies Financial Group lowered their price target on Alcoa from $50.00 to $45.00 and set a "buy" rating for the company in a report on Monday, January 6th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Alcoa currently has a consensus rating of "Moderate Buy" and a consensus price target of $50.17.
Read Our Latest Stock Analysis on AA
Alcoa Company Profile
(
Free Report)
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.
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