Algert Global LLC Has $5.90 Million Stock Position in Alcoa Co. (NYSE:AA)

Algert Global LLC reduced its position in shares of Alcoa Co. (NYSE:AA - Free Report) by 36.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,057 shares of the industrial products company's stock after selling 90,041 shares during the period. Algert Global LLC owned approximately 0.06% of Alcoa worth $5,896,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Bessemer Group Inc. boosted its position in Alcoa by 77.1% during the 4th quarter. Bessemer Group Inc. now owns 680 shares of the industrial products company's stock valued at $26,000 after acquiring an additional 296 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Alcoa during the fourth quarter valued at $29,000. Smartleaf Asset Management LLC grew its stake in shares of Alcoa by 59.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,051 shares of the industrial products company's stock worth $39,000 after acquiring an additional 393 shares during the period. UMB Bank n.a. lifted its holdings in shares of Alcoa by 78.5% during the 4th quarter. UMB Bank n.a. now owns 1,360 shares of the industrial products company's stock valued at $51,000 after buying an additional 598 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Alcoa by 399.0% during the 4th quarter. GAMMA Investing LLC now owns 1,447 shares of the industrial products company's stock valued at $55,000 after purchasing an additional 1,157 shares during the period. Institutional investors own 82.39% of the company's stock.

Alcoa Stock Performance

AA traded up $0.17 during trading hours on Friday, hitting $25.89. 6,133,063 shares of the stock were exchanged, compared to its average volume of 5,453,120. 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 stock has a 50-day simple moving average of $28.13 and a 200-day simple moving average of $35.39. Alcoa Co. has a 12 month low of $21.53 and a 12 month high of $47.77. The stock has a market cap of $6.70 billion, a price-to-earnings ratio of -161.81, a price-to-earnings-growth ratio of 0.19 and a beta of 2.29.

Alcoa (NYSE:AA - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.58 billion. Alcoa had a net margin of 0.50% and a return on equity of 5.54%. 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. Shareholders of record on Tuesday, May 20th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.54%. Alcoa's dividend payout ratio is currently 12.05%.

Analyst Upgrades and Downgrades

AA has been the topic of several recent analyst reports. BMO Capital Markets increased their target price on shares of Alcoa to $43.00 and gave the company a "hold" rating in a research note on Friday, January 17th. B. Riley decreased their target price on shares of Alcoa from $44.00 to $43.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Q1 EBITDA beat expectations, Q2 EBITDA estimate raised to 439M from 351M JPMorgan Chase & Co. cut their price objective on shares of Alcoa from $28.00 to $25.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. UBS Group dropped their price target on Alcoa from $47.00 to $32.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Finally, StockNews.com raised Alcoa from a "hold" rating to a "buy" rating in a report on Friday, April 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Alcoa presently has a consensus rating of "Moderate Buy" and an average target price of $44.17.

About Alcoa

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.