XY Capital Ltd Invests $749,000 in Alcoa Co. (NYSE:AA)

XY Capital Ltd acquired a new stake in shares of Alcoa Co. (NYSE:AA - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 19,817 shares of the industrial products company's stock, valued at approximately $749,000. Alcoa comprises 0.4% of XY Capital Ltd's investment portfolio, making the stock its 21st biggest holding.

Other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. lifted its stake in Alcoa by 481.7% during the 3rd 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 acquired a new stake in Alcoa during the third quarter worth about $43,000. Continuum Advisory LLC boosted its stake 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 during the period. GAMMA Investing LLC boosted its stake 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 valued at $55,000 after purchasing an additional 1,157 shares during the period. Finally, Millburn Ridgefield Corp purchased a new position in Alcoa in the third quarter worth approximately $89,000.

Analyst Upgrades and Downgrades

AA has been the topic of a number of recent research reports. Argus raised shares of Alcoa from a "hold" rating to a "buy" rating and set a $48.00 target price on the stock in a report on Wednesday, October 23rd. Bank of America upped their target price on shares of Alcoa to $58.00 and gave the company a "buy" rating in a report on Friday, January 24th. Jefferies Financial Group dropped their price objective 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. JPMorgan Chase & Co. upped their price target on Alcoa from $38.00 to $40.00 and gave the stock a "neutral" rating in a report on Thursday, January 16th. Finally, BMO Capital Markets increased their target price on Alcoa to $43.00 and gave the company a "hold" rating in a research note on Friday, January 17th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $46.55.

Alcoa Trading Up 1.5 %

Shares of NYSE AA traded up $0.54 during trading on Tuesday, reaching $37.46. The company had a trading volume of 4,431,322 shares, compared to its average volume of 5,259,364. The company's fifty day moving average price is $38.02 and its 200-day moving average price is $37.59. Alcoa Co. has a 12 month low of $24.86 and a 12 month high of $47.77. 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 stock has a market cap of $9.68 billion, a P/E ratio of -233.94, a PEG ratio of 0.20 and a beta of 2.43.

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 (EPS) for the quarter, topping 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, research analysts expect that Alcoa Co. will post 4.43 earnings per share for the current year.

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.