Quantbot Technologies LP Purchases 68,878 Shares of Alcoa Co. (NYSE:AA)

Quantbot Technologies LP lifted its holdings in shares of Alcoa Co. (NYSE:AA - Free Report) by 29.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 302,070 shares of the industrial products company's stock after purchasing an additional 68,878 shares during the quarter. Quantbot Technologies LP owned 0.12% of Alcoa worth $11,412,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in Alcoa in the 4th quarter valued at approximately $29,000. Smartleaf Asset Management LLC raised its position in Alcoa by 59.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,051 shares of the industrial products company's stock valued at $39,000 after buying an additional 393 shares during the last quarter. Quarry LP acquired a new stake in Alcoa in the 3rd quarter valued at approximately $43,000. Continuum Advisory LLC raised its position in Alcoa by 1,945.5% in the 3rd 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 position in Alcoa by 78.5% in the 4th quarter. UMB Bank n.a. now owns 1,360 shares of the industrial products company's stock valued at $51,000 after buying an additional 598 shares during the last quarter. Institutional investors and hedge funds own 82.39% of the company's stock.

Analyst Ratings Changes

AA has been the topic of a number of recent research reports. BMO Capital Markets lifted their target price on Alcoa to $43.00 and gave the company a "hold" rating in a research report on Friday, January 17th. B. Riley raised Alcoa to a "strong-buy" rating in a research report on Tuesday, January 21st. Bank of America boosted their price target on Alcoa to $58.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. JPMorgan Chase & Co. boosted their price target on Alcoa from $38.00 to $40.00 and gave the stock a "neutral" rating in a research report on Thursday, January 16th. Finally, HC Wainwright boosted their price target on Alcoa to $90.00 and gave the stock a "buy" rating in a research report on Tuesday, March 11th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $50.17.

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Alcoa Stock Performance

Shares of NYSE AA traded down $0.84 during midday trading on Tuesday, hitting $33.96. 5,353,998 shares of the company's stock were exchanged, compared to its average volume of 5,291,616. 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 Co. has a 12 month low of $27.12 and a 12 month high of $47.77. The company's 50 day moving average price is $35.40 and its 200 day moving average price is $37.97. The firm has a market capitalization of $8.79 billion, a PE ratio of -212.22, a price-to-earnings-growth ratio of 0.19 and a beta of 2.55.

Alcoa (NYSE:AA - Get Free Report) last issued its 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 return on equity of 5.54% and a net margin of 0.50%. As a group, analysts predict that Alcoa Co. will post 4.43 earnings per share for the current fiscal year.

Alcoa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Tuesday, March 4th will be paid a $0.10 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $0.40 annualized dividend and a yield of 1.18%. Alcoa's dividend payout ratio (DPR) 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.