Aquatic Capital Management LLC Purchases New Holdings in Alcoa Co. (NYSE:AA)

Aquatic Capital Management LLC acquired a new stake in Alcoa Co. (NYSE:AA - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 125,716 shares of the industrial products company's stock, valued at approximately $4,750,000.

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

Alcoa Trading Up 4.3 %

Shares of AA stock traded up $1.05 on Friday, hitting $25.59. 5,388,630 shares of the company's stock traded hands, compared to its average volume of 5,415,139. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.45. Alcoa Co. has a one year low of $21.53 and a one year high of $47.77. The stock has a market capitalization of $6.62 billion, a price-to-earnings ratio of -159.94, a P/E/G ratio of 0.19 and a beta of 2.28. The company's fifty day simple moving average is $29.05 and its 200 day simple moving average is $36.06.

Alcoa (NYSE:AA - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The industrial products company reported $2.15 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $3.58 billion. Equities analysts forecast that Alcoa Co. will post 4.43 EPS for the current year.

Alcoa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 4th were paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.40 dividend on an annualized basis and a yield of 1.56%. Alcoa's payout ratio is presently 12.05%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AA. StockNews.com raised shares of Alcoa from a "hold" rating to a "buy" rating in a research report on Friday, April 18th. Morgan Stanley cut their price objective on shares of Alcoa from $55.00 to $51.00 and set an "overweight" rating for the company in a research report on Tuesday, January 28th. JPMorgan Chase & Co. dropped their price objective on Alcoa from $28.00 to $25.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Jefferies Financial Group dropped their target price on Alcoa from $50.00 to $45.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Finally, BMO Capital Markets upped their target price on Alcoa to $43.00 and gave the company a "hold" rating in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Alcoa has an average 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.