Alcoa Corp (AA) Stake Held by Croft Leominster Inc.

Croft Leominster Inc. held its position in Alcoa Corp (NYSE:AA) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,178 shares of the industrial products company’s stock at the end of the 2nd quarter. Croft Leominster Inc.’s holdings in Alcoa Corp were worth $1,176,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of AA. Gateway Investment Advisers LLC increased its holdings in shares of Alcoa Corp by 0.4% in the second quarter. Gateway Investment Advisers LLC now owns 17,020 shares of the industrial products company’s stock worth $556,000 after purchasing an additional 73 shares during the last quarter. NEXT Financial Group Inc increased its holdings in shares of Alcoa Corp by 2.4% in the second quarter. NEXT Financial Group Inc now owns 4,462 shares of the industrial products company’s stock worth $146,000 after purchasing an additional 104 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Alcoa Corp by 0.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 35,996 shares of the industrial products company’s stock worth $1,175,000 after purchasing an additional 104 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Alcoa Corp by 3.3% in the first quarter. Pacer Advisors Inc. now owns 4,140 shares of the industrial products company’s stock worth $142,000 after purchasing an additional 132 shares during the last quarter. Finally, Clearbridge Investments LLC increased its holdings in shares of Alcoa Corp by 2.5% in the first quarter. Clearbridge Investments LLC now owns 7,780 shares of the industrial products company’s stock worth $268,000 after purchasing an additional 190 shares during the last quarter.

AA has been the topic of several research reports. ING Group raised Alcoa Corp to a “buy” rating in a report on Friday, June 23rd. Deutsche Bank AG raised Alcoa Corp from a “hold” rating to a “buy” rating and lifted their target price for the stock from $44.00 to $60.00 in a report on Tuesday, September 12th. BMO Capital Markets set a $45.00 target price on Alcoa Corp and gave the stock a “buy” rating in a report on Saturday, August 5th. Clarkson Capital reaffirmed a “buy” rating on shares of Alcoa Corp in a report on Thursday, July 20th. Finally, Citigroup Inc. reaffirmed a “buy” rating and issued a $45.00 target price on shares of Alcoa Corp in a report on Saturday, July 22nd. Six equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $47.83.

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Alcoa Corp (NYSE:AA) last posted its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. Alcoa Corp had a net margin of 1.63% and a return on equity of 3.29%. The firm had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.88 billion. During the same quarter last year, the company posted $0.15 EPS. The firm’s quarterly revenue was up 23.1% on a year-over-year basis.

Alcoa Corp Company Profile

Alcoa Corporation, formerly Alcoa Upstream Corporation, is engaged in the production of bauxite, alumina and aluminum of various cast and rolled products. The Company is engaged in the production and management of aluminum and alumina combined through its participation in various aspects of the industry, such as technology, mining, refining, smelting, and recycling.

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Institutional Ownership by Quarter for Alcoa Corp (NYSE:AA)

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