Inceptionr LLC Takes Position in Alcoa Co. (NYSE:AA)

Inceptionr LLC acquired a new position in Alcoa Co. (NYSE:AA - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 11,519 shares of the industrial products company's stock, valued at approximately $435,000.

A number of other large investors also recently modified their holdings of AA. Wealth Enhancement Advisory Services LLC grew its position in Alcoa by 68.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 9,130 shares of the industrial products company's stock valued at $352,000 after acquiring an additional 3,724 shares during the last quarter. US Bancorp DE grew its holdings in shares of Alcoa by 14.3% during the 3rd quarter. US Bancorp DE now owns 10,482 shares of the industrial products company's stock valued at $404,000 after purchasing an additional 1,310 shares during the last quarter. QRG Capital Management Inc. raised its position in Alcoa by 21.5% in the 3rd quarter. QRG Capital Management Inc. now owns 7,781 shares of the industrial products company's stock worth $300,000 after purchasing an additional 1,378 shares during the period. Confluence Investment Management LLC lifted its stake in Alcoa by 14.3% in the third quarter. Confluence Investment Management LLC now owns 13,063 shares of the industrial products company's stock worth $504,000 after purchasing an additional 1,635 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its position in Alcoa by 180.2% during the third quarter. Lindbrook Capital LLC now owns 7,660 shares of the industrial products company's stock valued at $296,000 after buying an additional 4,926 shares during the period. 82.39% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

AA has been the subject of a number of recent research reports. HC Wainwright boosted their target price on Alcoa to $90.00 and gave the company a "buy" rating in a research note on Tuesday. 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. B. Riley raised shares of Alcoa to a "strong-buy" rating in a research report on Tuesday, January 21st. Morgan Stanley decreased their price objective on shares of Alcoa from $55.00 to $51.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 28th. Finally, Jefferies Financial Group cut their target price on Alcoa from $50.00 to $45.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Alcoa currently has a consensus rating of "Moderate Buy" and an average price target of $50.17.

Alcoa Stock Up 4.1 %

AA traded up $1.32 during midday trading on Wednesday, reaching $33.28. The company's stock had a trading volume of 4,153,499 shares, compared to its average volume of 5,318,433. Alcoa Co. has a 1 year low of $27.12 and a 1 year high of $47.77. The stock's 50-day moving average is $35.68 and its 200-day moving average is $37.97. The firm has a market capitalization of $8.61 billion, a price-to-earnings ratio of -207.97, a PEG ratio of 0.19 and a beta of 2.55. The company has a current ratio of 1.45, a quick ratio of 0.86 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 earnings per share 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, research analysts expect that Alcoa Co. will post 4.43 EPS for the current year.

Alcoa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Tuesday, March 4th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend is Tuesday, March 4th. Alcoa's dividend payout ratio is presently -250.00%.

Alcoa 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.