Hartree Partners LP Acquires Shares of 10,000 Alcoa Co. (NYSE:AA)

Hartree Partners LP acquired a new stake in shares of Alcoa Co. (NYSE:AA - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,000 shares of the industrial products company's stock, valued at approximately $378,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AA. Ballentine Partners LLC increased its holdings in shares of Alcoa by 3.2% during the fourth quarter. Ballentine Partners LLC now owns 8,973 shares of the industrial products company's stock worth $339,000 after buying an additional 279 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Alcoa by 0.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 52,624 shares of the industrial products company's stock worth $1,988,000 after purchasing an additional 300 shares in the last quarter. Wilmington Savings Fund Society FSB raised its position in Alcoa by 5.3% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 6,521 shares of the industrial products company's stock valued at $246,000 after purchasing an additional 328 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Alcoa by 3.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,469 shares of the industrial products company's stock valued at $365,000 after purchasing an additional 339 shares in the last quarter. Finally, CreativeOne Wealth LLC increased its stake in shares of Alcoa by 4.1% in the third quarter. CreativeOne Wealth LLC now owns 9,114 shares of the industrial products company's stock valued at $352,000 after buying an additional 360 shares during the period. 82.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on AA shares. BMO Capital Markets lifted 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. UBS Group cut their price target on shares of Alcoa from $53.00 to $47.00 and set a "buy" rating on the stock in a report on Thursday, March 27th. Morgan Stanley decreased their price objective on Alcoa from $55.00 to $51.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. B. Riley raised Alcoa to a "strong-buy" rating in a report on Tuesday, January 21st. Finally, Jefferies Financial Group decreased their price target on Alcoa from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $49.92.

Alcoa Stock Down 9.0 %

AA traded down $2.77 during midday trading on Thursday, reaching $28.07. 4,105,251 shares of the company were exchanged, compared to its average volume of 5,024,290. The company has a market cap of $7.27 billion, a price-to-earnings ratio of -175.44, a price-to-earnings-growth ratio of 0.19 and a beta of 2.55. Alcoa Co. has a one year low of $27.12 and a one year high of $47.77. The company's fifty day moving average price is $34.24 and its 200 day moving average price is $38.11. 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 announced its quarterly 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%. As a group, analysts expect that Alcoa Co. will post 4.43 EPS for the current year.

Alcoa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 4th were paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.40 annualized dividend and a yield of 1.43%. Alcoa's dividend payout ratio (DPR) is -250.00%.

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.