SG Americas Securities LLC Has $150,000 Holdings in Alcoa Co. (NYSE:AA)

SG Americas Securities LLC decreased its holdings in Alcoa Co. (NYSE:AA - Free Report) by 91.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,964 shares of the industrial products company's stock after selling 41,300 shares during the quarter. SG Americas Securities LLC's holdings in Alcoa were worth $150,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. UMB Bank n.a. raised its holdings in shares of Alcoa by 481.7% during the third quarter. UMB Bank n.a. now owns 762 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 631 shares during the period. Quarry LP purchased a new stake in shares of Alcoa in the third quarter valued at $43,000. Continuum Advisory LLC lifted its holdings in shares of Alcoa by 1,945.5% in the third 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 in the last quarter. GAMMA Investing LLC boosted its position in shares of Alcoa by 399.0% in the fourth quarter. GAMMA Investing LLC now owns 1,447 shares of the industrial products company's stock worth $55,000 after buying an additional 1,157 shares during the period. Finally, Millburn Ridgefield Corp purchased a new position in shares of Alcoa during the third quarter valued at $89,000.

Alcoa Stock Up 0.7 %

Alcoa stock traded up $0.25 during mid-day trading on Tuesday, hitting $37.17. 6,381,690 shares of the company's stock were exchanged, compared to its average volume of 5,334,906. Alcoa Co. has a 1-year low of $24.86 and a 1-year high of $47.77. The stock has a 50 day moving average of $38.02 and a two-hundred day moving average of $37.59. The stock has a market cap of $9.60 billion, a P/E ratio of -232.30, a P/E/G ratio of 0.20 and a beta of 2.43. 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 quarterly earnings data on Wednesday, January 22nd. The industrial products company reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates 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 anticipate that Alcoa Co. will post 4.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AA. Morgan Stanley reduced their price objective on Alcoa from $55.00 to $51.00 and set an "overweight" rating for the company in a research note on Tuesday, January 28th. Jefferies Financial Group reduced their price target on shares of Alcoa from $50.00 to $45.00 and set a "buy" rating for the company in a research report on Monday, January 6th. BMO Capital Markets boosted their price objective on shares of Alcoa to $43.00 and gave the company a "hold" rating in a research report on Friday, January 17th. Argus upgraded shares of Alcoa from a "hold" rating to a "buy" rating and set a $48.00 target price for the company in a research report on Wednesday, October 23rd. Finally, StockNews.com upgraded shares of Alcoa from a "sell" rating to a "hold" rating in a report on Thursday, October 17th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $46.55.

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.