Alcoa Corp (AA) Shares Sold by S&CO Inc.

S&CO Inc. cut its stake in Alcoa Corp (NYSE:AA) by 8.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,283 shares of the industrial products company’s stock after selling 1,976 shares during the period. S&CO Inc.’s holdings in Alcoa were worth $1,147,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Elliott Management Corp lifted its stake in Alcoa by 14.7% in the second quarter. Elliott Management Corp now owns 11,737,457 shares of the industrial products company’s stock worth $383,228,000 after acquiring an additional 1,500,000 shares during the period. Parametric Portfolio Associates LLC lifted its stake in Alcoa by 13.4% in the second quarter. Parametric Portfolio Associates LLC now owns 418,466 shares of the industrial products company’s stock worth $13,663,000 after acquiring an additional 49,441 shares during the period. State Board of Administration of Florida Retirement System lifted its stake in Alcoa by 1.3% in the third quarter. State Board of Administration of Florida Retirement System now owns 220,201 shares of the industrial products company’s stock worth $10,266,000 after acquiring an additional 2,790 shares during the period. Vanguard Group Inc. lifted its stake in Alcoa by 14.5% in the second quarter. Vanguard Group Inc. now owns 14,851,293 shares of the industrial products company’s stock worth $484,895,000 after acquiring an additional 1,885,745 shares during the period. Finally, Cipher Capital LP purchased a new stake in Alcoa in the third quarter worth about $646,000.

Alcoa Corp (NYSE:AA) traded up $0.10 during mid-day trading on Monday, hitting $53.10. 5,759,600 shares of the company’s stock traded hands, compared to its average volume of 5,530,069. The stock has a market capitalization of $9,730.00 and a price-to-earnings ratio of 45.78. Alcoa Corp has a 1-year low of $29.55 and a 1-year high of $57.50. The company has a current ratio of 1.38, a quick ratio of 0.90 and a debt-to-equity ratio of 0.17.

Alcoa (NYSE:AA) last released its quarterly earnings results on Wednesday, January 17th. The industrial products company reported $1.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.19). The firm had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.29 billion. Alcoa had a net margin of 1.86% and a return on equity of 6.90%. The business’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.14 earnings per share. sell-side analysts expect that Alcoa Corp will post 4.01 EPS for the current year.

A number of research firms recently weighed in on AA. JPMorgan Chase & Co. upped their price objective on shares of Alcoa to $68.00 and gave the stock an “overweight” rating in a research note on Thursday. Bank of America reaffirmed a “buy” rating and issued a $63.00 price objective (down from $67.00) on shares of Alcoa in a research note on Thursday. Cowen reaffirmed a “market perform” rating and issued a $59.00 price objective (up from $51.00) on shares of Alcoa in a research note on Thursday. Citigroup increased their price target on shares of Alcoa to $65.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Finally, BMO Capital Markets reissued a “buy” rating and set a $65.00 price target on shares of Alcoa in a research report on Friday, December 22nd. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $56.00.

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Alcoa 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 (NYSE:AA)

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