AQR Capital Management LLC Sells 22,925 Shares of Alcoa Co. (NYSE:AA)

AQR Capital Management LLC cut its stake in shares of Alcoa Co. (NYSE:AA - Free Report) by 12.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 160,435 shares of the industrial products company's stock after selling 22,925 shares during the quarter. AQR Capital Management LLC owned 0.06% of Alcoa worth $6,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of AA. Northern Trust Corp lifted its holdings in Alcoa by 46.8% in the 4th quarter. Northern Trust Corp now owns 2,549,608 shares of the industrial products company's stock worth $96,324,000 after buying an additional 813,214 shares during the period. Aquatic Capital Management LLC purchased a new stake in Alcoa in the 4th quarter worth approximately $4,750,000. Boothbay Fund Management LLC lifted its holdings in Alcoa by 322.8% in the 4th quarter. Boothbay Fund Management LLC now owns 129,905 shares of the industrial products company's stock worth $4,908,000 after buying an additional 99,180 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in Alcoa by 13.7% in the 4th quarter. Integrated Wealth Concepts LLC now owns 18,544 shares of the industrial products company's stock worth $701,000 after buying an additional 2,234 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. purchased a new stake in Alcoa in the 4th quarter worth approximately $1,335,000. 82.39% of the stock is currently owned by hedge funds and other institutional investors.

Alcoa Stock Up 1.3%

AA stock traded up $0.37 on Tuesday, reaching $28.49. 1,652,364 shares of the company traded hands, compared to its average volume of 5,466,558. Alcoa Co. has a one year low of $21.53 and a one year high of $47.77. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.45 and a quick ratio of 0.86. The company has a market cap of $7.38 billion, a P/E ratio of -178.06, a price-to-earnings-growth ratio of 0.19 and a beta of 2.29. The firm has a fifty day simple moving average of $28.05 and a 200-day simple moving average of $35.20.

Alcoa (NYSE:AA - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The industrial products company reported $2.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.73 by $0.42. Alcoa had a return on equity of 5.54% and a net margin of 0.50%. The company had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.58 billion. Research analysts anticipate that Alcoa Co. will post 4.43 earnings per share for the current year.

Alcoa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Tuesday, May 20th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Tuesday, May 20th. Alcoa's dividend payout ratio (DPR) is presently 12.05%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Bank of America reiterated an "underperform" rating and issued a $26.00 price objective (down previously from $58.00) on shares of Alcoa in a report on Tuesday, April 8th. BMO Capital Markets increased their price objective on Alcoa to $43.00 and gave the stock a "hold" rating in a report on Friday, January 17th. HC Wainwright increased their target price on Alcoa to $90.00 and gave the stock a "buy" rating in a research report on Tuesday, March 11th. UBS Group decreased their target price on Alcoa from $47.00 to $32.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Finally, StockNews.com raised Alcoa from a "hold" rating to a "buy" rating in a research report on Friday, April 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, Alcoa currently has a consensus rating of "Moderate Buy" and an average target price of $44.17.

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.