Alcoa Co. (NYSE:AA) Holdings Lowered by Quadrature Capital Ltd

Quadrature Capital Ltd lowered its position in Alcoa Co. (NYSE:AA - Free Report) by 75.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,437 shares of the industrial products company's stock after selling 158,574 shares during the period. Quadrature Capital Ltd's holdings in Alcoa were worth $1,945,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. purchased a new stake in shares of Alcoa in the second quarter valued at $27,000. UMB Bank n.a. lifted its holdings in Alcoa by 481.7% in the 3rd quarter. UMB Bank n.a. now owns 762 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 631 shares in the last quarter. Quarry LP acquired a new stake in shares of Alcoa during the 3rd quarter worth about $43,000. Millburn Ridgefield Corp purchased a new stake in shares of Alcoa during the third quarter worth about $89,000. Finally, Fifth Third Bancorp grew its stake in Alcoa by 15.1% in the 2nd quarter. Fifth Third Bancorp now owns 2,353 shares of the industrial products company's stock worth $94,000 after acquiring an additional 309 shares during the period.

Wall Street Analysts Forecast Growth

AA has been the subject of a number of research analyst reports. Wolfe Research raised shares of Alcoa from a "peer perform" rating to an "outperform" rating and set a $36.00 price objective for the company in a research note on Wednesday, September 4th. B. Riley Financial restated a "neutral" rating and set a $41.00 price target on shares of Alcoa in a research note on Tuesday, September 17th. StockNews.com raised Alcoa from a "sell" rating to a "hold" rating in a research note on Thursday, October 17th. UBS Group increased their target price on shares of Alcoa from $40.00 to $50.00 and gave the stock a "buy" rating in a research report on Tuesday, October 15th. Finally, B. Riley raised shares of Alcoa from a "neutral" rating to a "buy" rating and lifted their price target for the company from $41.00 to $50.00 in a research report on Thursday, October 17th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Alcoa has an average rating of "Moderate Buy" and an average target price of $45.25.

Insiders Place Their Bets

In other news, EVP Renato Bacchi sold 23,867 shares of Alcoa stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $42.29, for a total transaction of $1,009,335.43. Following the sale, the executive vice president now owns 57,317 shares of the company's stock, valued at approximately $2,423,935.93. The trade was a 29.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Alcoa Trading Down 8.0 %

NYSE:AA traded down $3.68 during mid-day trading on Friday, reaching $42.49. The stock had a trading volume of 9,526,611 shares, compared to its average volume of 4,127,927. The company has a quick ratio of 0.80, a current ratio of 1.41 and a debt-to-equity ratio of 0.47. Alcoa Co. has a 1-year low of $23.80 and a 1-year high of $47.77. The stock's 50 day simple moving average is $42.51 and its two-hundred day simple moving average is $38.40.

Alcoa (NYSE:AA - Get Free Report) last released its earnings results on Wednesday, October 16th. The industrial products company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.34. Alcoa had a negative net margin of 2.65% and a negative return on equity of 1.45%. The firm had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.97 billion. During the same quarter in the previous year, the firm earned ($1.14) earnings per share. The firm's revenue for the quarter was up 11.6% compared to the same quarter last year. Research analysts anticipate that Alcoa Co. will post 0.9 EPS for the current fiscal year.

Alcoa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, October 29th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.94%. Alcoa's payout ratio is currently -22.73%.

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.