Kailix Advisors LLC Invests $10.30 Million in Alcoa Co. (NYSE:AA)

Kailix Advisors LLC acquired a new stake in Alcoa Co. (NYSE:AA - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 286,570 shares of the industrial products company's stock, valued at approximately $10,296,000. Alcoa comprises about 8.6% of Kailix Advisors LLC's holdings, making the stock its 7th largest position. Kailix Advisors LLC owned approximately 0.11% of Alcoa as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on AA shares. JPMorgan Chase & Co. upped their target price on shares of Alcoa from $38.00 to $40.00 and gave the stock a "neutral" rating in a research report on Thursday, January 16th. B. Riley raised shares of Alcoa to a "strong-buy" rating in a research note on Tuesday, January 21st. Bank of America increased their price target on shares of Alcoa to $58.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Jefferies Financial Group cut their price target on shares of Alcoa from $50.00 to $45.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Finally, HC Wainwright increased their price objective on shares of Alcoa to $90.00 and gave the stock a "buy" rating in a research report on Tuesday. 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, the stock has an average rating of "Moderate Buy" and a consensus price target of $50.17.

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Alcoa Trading Up 4.1 %

NYSE AA opened at $33.28 on Thursday. 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 current ratio of 1.45 and a quick ratio of 0.86. The company has a market capitalization of $8.61 billion, a price-to-earnings ratio of -207.97, a price-to-earnings-growth ratio of 0.19 and a beta of 2.55. The company's fifty day moving average price is $35.59 and its two-hundred day moving average price is $37.94.

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

Alcoa Dividend Announcement

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

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