Brevan Howard Capital Management LP Has $1.32 Million Holdings in Alcoa Co. (NYSE:AA)

Brevan Howard Capital Management LP trimmed its holdings in Alcoa Co. (NYSE:AA - Free Report) by 34.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,943 shares of the industrial products company's stock after selling 18,406 shares during the period. Brevan Howard Capital Management LP's holdings in Alcoa were worth $1,320,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Bessemer Group Inc. grew its position in shares of 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 purchasing an additional 296 shares during the period. SBI Securities Co. Ltd. bought a new position in Alcoa in the fourth quarter valued at approximately $29,000. Smartleaf Asset Management LLC boosted its holdings 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 valued at $39,000 after buying an additional 393 shares during the period. UMB Bank n.a. increased its position in shares of Alcoa by 78.5% during the fourth quarter. UMB Bank n.a. now owns 1,360 shares of the industrial products company's stock worth $51,000 after acquiring an additional 598 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Alcoa by 399.0% during the fourth quarter. GAMMA Investing LLC now owns 1,447 shares of the industrial products company's stock worth $55,000 after acquiring an additional 1,157 shares during the period. 82.39% of the stock is currently owned by institutional investors.

Alcoa Stock Down 1.8 %

AA stock opened at $24.40 on Thursday. 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 business's fifty day moving average price is $28.35 and its two-hundred day moving average price is $35.61. Alcoa Co. has a fifty-two week low of $21.53 and a fifty-two week high of $47.77. The stock has a market capitalization of $6.32 billion, a price-to-earnings ratio of -152.48, a PEG ratio of 0.19 and a beta of 2.29.

Alcoa (NYSE:AA - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $3.37 billion during the quarter, compared to analysts' expectations of $3.58 billion. Alcoa had a return on equity of 5.54% and a net margin of 0.50%. On average, equities analysts anticipate that Alcoa Co. will post 4.43 earnings per share for the current year.

Alcoa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors 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 1.64%. Alcoa's dividend payout ratio (DPR) is 12.05%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AA shares. Morgan Stanley cut their price target on Alcoa from $55.00 to $51.00 and set an "overweight" rating on the stock in a report on Tuesday, January 28th. BMO Capital Markets boosted their target price on Alcoa to $43.00 and gave the company a "hold" rating in a research note on Friday, January 17th. HC Wainwright raised their price target on shares of Alcoa to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, March 11th. StockNews.com raised shares of Alcoa from a "hold" rating to a "buy" rating in a research report on Friday, April 18th. Finally, Bank of America reaffirmed an "underperform" rating and issued a $26.00 target price (down previously from $58.00) on shares of Alcoa in a research report on Tuesday, April 8th. One equities research 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus 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.

Want to see what other hedge funds are holding AA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alcoa Co. (NYSE:AA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.