Prime Capital Investment Advisors LLC raised its holdings in shares of Alcoa Corp (NYSE:AA) by 291.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,950 shares of the industrial products company’s stock after buying an additional 13,359 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Alcoa were worth $505,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also bought and sold shares of the company. We Are One Seven LLC purchased a new position in Alcoa during the fourth quarter worth about $35,000. Financial Architects Inc boosted its holdings in shares of Alcoa by 2,970.3% in the 4th quarter. Financial Architects Inc now owns 3,101 shares of the industrial products company’s stock worth $82,000 after purchasing an additional 3,000 shares in the last quarter. IMS Capital Management purchased a new position in shares of Alcoa in the 3rd quarter worth about $87,000. Cerebellum GP LLC boosted its holdings in shares of Alcoa by 8.1% in the 4th quarter. Cerebellum GP LLC now owns 4,798 shares of the industrial products company’s stock worth $128,000 after purchasing an additional 361 shares in the last quarter. Finally, Point72 Hong Kong Ltd boosted its holdings in shares of Alcoa by 414.8% in the 3rd quarter. Point72 Hong Kong Ltd now owns 5,112 shares of the industrial products company’s stock worth $207,000 after purchasing an additional 4,119 shares in the last quarter.
NYSE AA opened at $27.72 on Wednesday. Alcoa Corp has a 1-year low of $25.01 and a 1-year high of $62.35. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.42 and a quick ratio of 0.85. The stock has a market capitalization of $5.14 billion, a PE ratio of 7.74, a P/E/G ratio of 4.49 and a beta of 1.13.
AA has been the subject of a number of research reports. Berenberg Bank set a $42.00 price objective on Alcoa and gave the stock a “buy” rating in a report on Monday, January 14th. Zacks Investment Research cut Alcoa from a “hold” rating to a “strong sell” rating in a report on Monday, January 21st. Goldman Sachs Group upgraded Alcoa from a “neutral” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Monday, January 14th. ValuEngine cut Alcoa from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Finally, Credit Suisse Group cut their price objective on Alcoa from $50.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, January 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. Alcoa presently has an average rating of “Buy” and a consensus price target of $46.73.
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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; and processes bauxite into alumina and sells bauxite to customers who process it into industrial chemical products.
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