Union Bancaire Privee UBP SA Invests $454,000 in Alcoa Co. (NYSE:AA)

Union Bancaire Privee UBP SA bought a new position in Alcoa Co. (NYSE:AA - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 12,790 shares of the industrial products company's stock, valued at approximately $454,000.

Several other hedge funds have also bought and sold shares of the stock. Mountaineer Partners Management LLC grew its stake in shares of Alcoa by 4,023.0% during the 3rd quarter. Mountaineer Partners Management LLC now owns 10,795,880 shares of the industrial products company's stock valued at $416,505,000 after acquiring an additional 10,534,036 shares during the period. State Street Corp raised its position in shares of Alcoa by 23.3% during the 3rd quarter. State Street Corp now owns 9,563,645 shares of the industrial products company's stock valued at $368,965,000 after purchasing an additional 1,805,915 shares during the period. Paloma Partners Management Co lifted its stake in shares of Alcoa by 11,317.8% during the 3rd quarter. Paloma Partners Management Co now owns 1,427,799 shares of the industrial products company's stock valued at $55,084,000 after buying an additional 1,415,294 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Alcoa by 42.0% in the 3rd quarter. Geode Capital Management LLC now owns 4,193,744 shares of the industrial products company's stock worth $161,838,000 after buying an additional 1,239,479 shares during the period. Finally, Global Alpha Capital Management Ltd. purchased a new stake in Alcoa in the 3rd quarter worth $36,165,000.

Alcoa Trading Down 0.5 %

AA traded down $0.17 during trading on Friday, reaching $35.36. The company had a trading volume of 5,313,612 shares, compared to its average volume of 5,011,876. The company has a quick ratio of 0.86, a current ratio of 1.45 and a debt-to-equity ratio of 0.48. The business has a 50 day simple moving average of $39.29 and a 200-day simple moving average of $37.51. The stock has a market cap of $9.13 billion, a P/E ratio of -220.98, a PEG ratio of 0.19 and a beta of 2.47. Alcoa Co. has a 52 week low of $24.86 and a 52 week high of $47.77.

Alcoa (NYSE:AA - Get Free Report) last released 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 net margin of 0.50% and a return on equity of 5.54%. On average, equities analysts anticipate that Alcoa Co. will post 4.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on AA shares. StockNews.com raised Alcoa from a "sell" rating to a "hold" rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. increased their price objective on shares of Alcoa from $38.00 to $40.00 and gave the company a "neutral" rating in a report on Thursday, January 16th. Morgan Stanley lowered their target price on shares of Alcoa from $55.00 to $51.00 and set an "overweight" rating on the stock in a report on Tuesday. Jefferies Financial Group cut their target price on shares of Alcoa from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Finally, BMO Capital Markets boosted their target price on Alcoa to $43.00 and gave the stock a "hold" rating in a research report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Alcoa has a consensus rating of "Moderate Buy" and a consensus price target 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.