Boothbay Fund Management LLC Raises Stock Position in Alcoa Co. (NYSE:AA)

Boothbay Fund Management LLC increased its holdings in shares of Alcoa Co. (NYSE:AA - Free Report) by 322.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 129,905 shares of the industrial products company's stock after buying an additional 99,180 shares during the quarter. Boothbay Fund Management LLC owned 0.05% of Alcoa worth $4,908,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Alcoa by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 25,979,129 shares of the industrial products company's stock worth $981,491,000 after purchasing an additional 165,420 shares in the last quarter. Norges Bank purchased a new position in shares of Alcoa in the 4th quarter worth about $259,273,000. Geode Capital Management LLC grew its position in Alcoa by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 4,232,766 shares of the industrial products company's stock valued at $159,966,000 after buying an additional 39,022 shares during the period. ARGA Investment Management LP grew its position in Alcoa by 29.6% during the fourth quarter. ARGA Investment Management LP now owns 2,998,311 shares of the industrial products company's stock valued at $113,276,000 after buying an additional 684,505 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Alcoa by 8.1% during the fourth quarter. Bank of New York Mellon Corp now owns 2,550,861 shares of the industrial products company's stock valued at $96,372,000 after buying an additional 192,078 shares during the period. 82.39% of the stock is currently owned by institutional investors.

Alcoa Trading Down 2.5 %

Shares of Alcoa stock traded down $0.64 on Wednesday, hitting $24.55. The stock had a trading volume of 5,390,773 shares, compared to its average volume of 5,428,272. The company has a quick ratio of 0.86, a current ratio of 1.45 and a debt-to-equity ratio of 0.48. Alcoa Co. has a one year low of $21.53 and a one year high of $47.77. The stock has a market cap of $6.36 billion, a price-to-earnings ratio of -153.44, a PEG ratio of 0.19 and a beta of 2.28. The stock's 50-day simple moving average is $29.45 and its two-hundred day simple moving average is $36.26.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.42. Alcoa had a net margin of 0.50% and a return on equity of 5.54%. The company had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.58 billion. As a group, sell-side analysts predict that Alcoa Co. will post 4.43 EPS for the current year.

Alcoa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Tuesday, March 4th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend was Tuesday, March 4th. Alcoa's dividend payout ratio (DPR) is currently 12.05%.

Analyst Upgrades and Downgrades

AA has been the subject of several research reports. Jefferies Financial Group reduced their price target on shares of Alcoa from $50.00 to $45.00 and set a "buy" rating for the company in a research report on Monday, January 6th. BMO Capital Markets increased their price target on shares of Alcoa to $43.00 and gave the stock a "hold" rating in a report on Friday, January 17th. HC Wainwright increased their price target on shares of Alcoa to $90.00 and gave the stock a "buy" rating in a report on Tuesday, March 11th. Morgan Stanley lowered their target price on shares of Alcoa from $55.00 to $51.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 28th. Finally, UBS Group lowered their target price on shares of Alcoa from $47.00 to $32.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, Alcoa has an average rating of "Moderate Buy" and an average target price of $44.17.

Alcoa 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.