Centiva Capital LP Takes $2.04 Million Position in Alcoa Co. (NYSE:AA)

Centiva Capital LP bought a new stake in shares of Alcoa Co. (NYSE:AA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 54,095 shares of the industrial products company's stock, valued at approximately $2,044,000.

Several other institutional investors and hedge funds have also bought and sold shares of AA. Bessemer Group Inc. raised its holdings in shares of Alcoa by 77.1% during the fourth 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. acquired a new position in Alcoa during the 4th quarter worth approximately $29,000. Smartleaf Asset Management LLC boosted its holdings in 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 in the last quarter. UMB Bank n.a. grew its stake 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 period. Finally, GAMMA Investing LLC increased 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 valued at $55,000 after acquiring an additional 1,157 shares in the last quarter. 82.39% of the stock is owned by institutional investors.

Alcoa Stock Performance

Shares of NYSE:AA traded up $0.17 during midday trading on Friday, reaching $25.89. The company had a trading volume of 6,133,063 shares, compared to its average volume of 5,453,120. Alcoa Co. has a 52-week low of $21.53 and a 52-week high of $47.77. The company's 50 day moving average price is $28.13 and its 200 day moving average price is $35.39. The company has a current ratio of 1.45, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48. The stock has a market cap of $6.70 billion, a P/E ratio of -161.81, a P/E/G ratio of 0.19 and a beta of 2.29.

Alcoa (NYSE:AA - Get Free Report) last released its 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 firm 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%. As a group, sell-side analysts anticipate that Alcoa Co. will post 4.43 EPS for the current fiscal year.

Alcoa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Tuesday, May 20th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.54%. Alcoa's payout ratio is presently 12.05%.

Analysts Set New Price Targets

AA has been the topic of a number of recent research reports. Bank of America reiterated an "underperform" rating and issued a $26.00 target price (down from $58.00) on shares of Alcoa in a report on Tuesday, April 8th. Morgan Stanley decreased their target price 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. BMO Capital Markets raised their price target on shares of Alcoa to $43.00 and gave the company a "hold" rating in a research report on Friday, January 17th. StockNews.com raised Alcoa from a "hold" rating to a "buy" rating in a report on Friday, April 18th. Finally, UBS Group dropped their target price on Alcoa from $47.00 to $32.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. 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 data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target 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.