Maven Securities LTD Takes $1.57 Million Position in Alcoa Corp (AA)

Maven Securities LTD bought a new position in shares of Alcoa Corp (NYSE:AA) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 60,055 shares of the industrial products company’s stock, valued at approximately $1,570,000. Alcoa accounts for about 0.9% of Maven Securities LTD’s investment portfolio, making the stock its 21st largest holding.

Several other institutional investors also recently made changes to their positions in the company. We Are One Seven LLC purchased a new position in Alcoa in the fourth quarter valued at about $35,000. IMS Capital Management purchased a new position in Alcoa in the third quarter valued at about $87,000. Financial Architects Inc boosted its stake in shares of Alcoa by 2,970.3% during the 4th quarter. Financial Architects Inc now owns 3,101 shares of the industrial products company’s stock worth $82,000 after acquiring an additional 3,000 shares in the last quarter. Cerebellum GP LLC boosted its stake in shares of Alcoa by 8.1% during the 4th quarter. Cerebellum GP LLC now owns 4,798 shares of the industrial products company’s stock worth $128,000 after acquiring an additional 361 shares in the last quarter. Finally, Point72 Hong Kong Ltd boosted its stake in shares of Alcoa by 414.8% during the 3rd quarter. Point72 Hong Kong Ltd now owns 5,112 shares of the industrial products company’s stock worth $207,000 after acquiring an additional 4,119 shares in the last quarter.

NYSE:AA traded down $0.57 during mid-day trading on Thursday, hitting $28.41. 21,261 shares of the company’s stock traded hands, compared to its average volume of 3,195,786. Alcoa Corp has a 12 month low of $25.01 and a 12 month high of $62.35. The company has a market cap of $5.38 billion, a price-to-earnings ratio of 7.94, a PEG ratio of 3.74 and a beta of 1.14. The company has a quick ratio of 0.85, a current ratio of 1.42 and a debt-to-equity ratio of 0.24.

Alcoa (NYSE:AA) last announced its earnings results on Wednesday, January 16th. The industrial products company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.16. The firm had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.31 billion. Alcoa had a return on equity of 9.21% and a net margin of 1.69%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.04 EPS. Analysts anticipate that Alcoa Corp will post 1.89 EPS for the current year.

AA has been the subject of several recent analyst reports. Citigroup decreased their price target on Alcoa from $53.00 to $33.00 and set a “neutral” rating for the company in a research note on Friday, November 16th. ValuEngine downgraded Alcoa from a “sell” rating to a “strong sell” rating in a research note on Tuesday, November 27th. Credit Suisse Group decreased their target price on Alcoa from $58.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, December 7th. B. Riley restated a “buy” rating and set a $49.00 target price (down previously from $50.00) on shares of Alcoa in a research note on Thursday, December 20th. Finally, BMO Capital Markets set a $45.00 target price on Alcoa and gave the company a “buy” rating in a research note on Thursday, December 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $53.27.

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About Alcoa

Alcoa Corporation produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Brazil, Canada, and internationally. The company operates through Bauxite, Alumina, and Aluminum segments. It engages in bauxite mining operations; processes bauxite into alumina and sells bauxite to customers who process it into industrial chemical products.

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Institutional Ownership by Quarter for Alcoa (NYSE:AA)

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