ANTIPODES PARTNERS Ltd Boosts Stock Holdings in Alcoa (NYSE:AA)

ANTIPODES PARTNERS Ltd boosted its holdings in Alcoa (NYSE:AA - Free Report) by 2.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,687,529 shares of the industrial products company's stock after purchasing an additional 36,520 shares during the quarter. Alcoa comprises 1.6% of ANTIPODES PARTNERS Ltd's portfolio, making the stock its 22nd largest position. ANTIPODES PARTNERS Ltd owned approximately 0.65% of Alcoa worth $51,474,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of AA. Bessemer Group Inc. grew 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 buying an additional 296 shares during the last quarter. Versant Capital Management Inc lifted its position in Alcoa by 134.7% during the first quarter. Versant Capital Management Inc now owns 906 shares of the industrial products company's stock valued at $28,000 after purchasing an additional 520 shares during the period. Point72 Hong Kong Ltd bought a new position in Alcoa during the fourth quarter valued at approximately $36,000. Montag A & Associates Inc. bought a new position in Alcoa during the first quarter valued at approximately $40,000. Finally, Continuum Advisory LLC lifted its position in Alcoa by 30.7% during the fourth quarter. Continuum Advisory LLC now owns 1,470 shares of the industrial products company's stock valued at $56,000 after purchasing an additional 345 shares during the period.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. UBS Group restated a "neutral" rating and set a $31.00 price objective on shares of Alcoa in a research report on Thursday, May 15th. Wall Street Zen downgraded shares of Alcoa from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Citigroup upgraded shares of Alcoa to a "buy" rating and set a $42.00 price objective on the stock in a research report on Tuesday, July 8th. Barclays increased their price target on shares of Alcoa to $31.00 and gave the stock a "hold" rating in a research report on Friday, May 16th. Finally, Morgan Stanley decreased their price target on shares of Alcoa from $40.00 to $38.00 and set an "overweight" rating on the stock in a research report on Friday, July 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $41.23.

Alcoa Price Performance

Shares of AA stock traded down $1.01 on Friday, hitting $30.85. 6,911,380 shares of the stock traded hands, compared to its average volume of 6,433,886. The firm has a market cap of $7.99 billion, a price-to-earnings ratio of 8.05, a PEG ratio of 0.18 and a beta of 2.25. Alcoa has a 52 week low of $21.53 and a 52 week high of $47.77. The firm has a 50 day simple moving average of $29.20 and a two-hundred day simple moving average of $30.69. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.65 and a quick ratio of 0.97.

Alcoa (NYSE:AA - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The industrial products company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.29 by $0.10. The firm had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.96 billion. Alcoa had a net margin of 7.86% and a return on equity of 19.27%. The company's revenue was up 3.9% on a year-over-year basis. During the same period last year, the firm earned $0.16 EPS. As a group, equities research analysts predict that Alcoa will post 4.43 earnings per share for the current fiscal year.

Alcoa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Tuesday, May 20th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $0.40 annualized dividend and a yield of 1.30%. Alcoa's payout ratio is 10.44%.

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.