53,000 Shares in Alcoa Co. (NYSE:AA) Purchased by Rheos Capital Works Inc.

Rheos Capital Works Inc. purchased a new position in Alcoa Co. (NYSE:AA - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 53,000 shares of the industrial products company's stock, valued at approximately $2,002,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. UMB Bank n.a. grew its position in Alcoa by 481.7% in the third quarter. UMB Bank n.a. now owns 762 shares of the industrial products company's stock worth $29,000 after acquiring an additional 631 shares in the last quarter. Quarry LP purchased a new position in shares of Alcoa in the 3rd quarter worth about $43,000. Continuum Advisory LLC increased its position in shares of Alcoa by 1,945.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,125 shares of the industrial products company's stock valued at $46,000 after purchasing an additional 1,070 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Alcoa by 399.0% during the 4th quarter. GAMMA Investing LLC now owns 1,447 shares of the industrial products company's stock valued at $55,000 after buying an additional 1,157 shares in the last quarter. Finally, Millburn Ridgefield Corp bought a new stake in Alcoa in the 3rd quarter worth approximately $89,000.

Alcoa Stock Performance

NYSE AA traded down $0.12 on Thursday, reaching $35.91. 3,261,034 shares of the stock were exchanged, compared to its average volume of 5,301,788. The firm has a market capitalization of $9.28 billion, a PE ratio of -224.45, a PEG ratio of 0.20 and a beta of 2.43. Alcoa Co. has a one year low of $24.86 and a one year high of $47.77. The company's 50-day simple moving average is $38.41 and its two-hundred day simple moving average is $37.49. 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 issued its 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%. Analysts expect that Alcoa Co. will post 4.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AA has been the topic of several research reports. StockNews.com raised shares of Alcoa from a "sell" rating to a "hold" rating in a research note on Thursday, October 17th. B. Riley raised Alcoa to a "strong-buy" rating in a research note on Tuesday, January 21st. Jefferies Financial Group lowered their target price on Alcoa from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Morgan Stanley reduced their price target on Alcoa from $55.00 to $51.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 28th. Finally, BMO Capital Markets boosted their price objective on Alcoa to $43.00 and gave the company a "hold" rating in a research report on Friday, January 17th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $46.55.

About Alcoa

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.