Alcoa Co. (NYSE:AA) Shares Purchased by Sourcerock Group LLC

Sourcerock Group LLC grew its stake in shares of Alcoa Co. (NYSE:AA - Free Report) by 319.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,978,009 shares of the industrial products company's stock after acquiring an additional 1,506,009 shares during the period. Alcoa accounts for 5.3% of Sourcerock Group LLC's holdings, making the stock its 7th largest position. Sourcerock Group LLC owned about 0.77% of Alcoa worth $74,729,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Temasek Holdings Private Ltd grew its stake in shares of Alcoa by 25.6% in the fourth quarter. Temasek Holdings Private Ltd now owns 438,819 shares of the industrial products company's stock valued at $16,579,000 after acquiring an additional 89,389 shares in the last quarter. Thomist Capital Management LP grew its stake in shares of Alcoa by 76.0% in the fourth quarter. Thomist Capital Management LP now owns 130,100 shares of the industrial products company's stock valued at $4,833,000 after acquiring an additional 56,200 shares in the last quarter. Sagefield Capital LP grew its stake in shares of Alcoa by 1.2% in the fourth quarter. Sagefield Capital LP now owns 222,317 shares of the industrial products company's stock valued at $8,399,000 after acquiring an additional 2,676 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Alcoa in the fourth quarter valued at about $36,000. Finally, ProShare Advisors LLC grew its stake in shares of Alcoa by 7.3% in the fourth quarter. ProShare Advisors LLC now owns 12,088 shares of the industrial products company's stock valued at $457,000 after acquiring an additional 827 shares in the last quarter. 82.39% of the stock is currently owned by institutional investors and hedge funds.

Alcoa Price Performance

NYSE AA traded up $0.09 during trading on Friday, hitting $28.07. 5,294,072 shares of the company's stock were exchanged, compared to its average volume of 5,495,097. 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 company has a market cap of $7.27 billion, a PE ratio of -175.41, a P/E/G ratio of 0.19 and a beta of 2.29. Alcoa Co. has a fifty-two week low of $21.53 and a fifty-two week high of $47.77. The stock's 50 day moving average price is $27.30 and its two-hundred day moving average price is $34.52.

Alcoa (NYSE:AA - Get Free Report) last released 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. 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 the consensus estimate of $3.58 billion. Research analysts expect that Alcoa Co. will post 4.43 EPS for the current year.

Alcoa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Tuesday, May 20th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Tuesday, May 20th. Alcoa's dividend payout ratio (DPR) is 12.05%.

Wall Street Analysts Forecast Growth

AA has been the subject of several analyst reports. Wall Street Zen cut Alcoa from a "buy" rating to a "hold" rating in a report on Thursday. Barclays lifted their price objective on Alcoa to $31.00 and gave the company a "hold" rating in a report on Friday, May 16th. JPMorgan Chase & Co. reduced their price target on shares of Alcoa from $28.00 to $25.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. UBS Group reiterated a "neutral" rating and set a $31.00 price target on shares of Alcoa in a research report on Thursday, May 15th. Finally, HC Wainwright increased their price target on shares of Alcoa to $90.00 and gave the stock a "buy" rating in a research report on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Alcoa presently has an average rating of "Hold" and a consensus target price of $42.50.

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.