GAMMA Investing LLC Raises Stock Holdings in Alcoa (NYSE:AA)

GAMMA Investing LLC grew its stake in shares of Alcoa (NYSE:AA - Free Report) by 4,743.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,089 shares of the industrial products company's stock after buying an additional 68,642 shares during the period. GAMMA Investing LLC's holdings in Alcoa were worth $2,298,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Versant Capital Management Inc boosted its holdings in Alcoa by 134.7% in the 1st quarter. Versant Capital Management Inc now owns 906 shares of the industrial products company's stock worth $28,000 after buying an additional 520 shares during the period. Wellington Management Group LLP boosted its stake in shares of Alcoa by 488.2% in the fourth quarter. Wellington Management Group LLP now owns 802,547 shares of the industrial products company's stock worth $30,320,000 after acquiring an additional 666,117 shares during the period. California State Teachers Retirement System boosted its stake in shares of Alcoa by 5.8% in the fourth quarter. California State Teachers Retirement System now owns 240,870 shares of the industrial products company's stock worth $9,100,000 after acquiring an additional 13,137 shares during the period. 111 Capital purchased a new stake in shares of Alcoa during the fourth quarter worth about $493,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Alcoa by 14.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,467 shares of the industrial products company's stock valued at $395,000 after purchasing an additional 1,337 shares during the period.

Analyst Ratings Changes

Several research firms have weighed in on AA. B. Riley dropped their price target on Alcoa from $44.00 to $43.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Q1 EBITDA beat expectations, Q2 EBITDA estimate raised to 439M from 351M Barclays raised their target price on shares of Alcoa to $31.00 and gave the company a "hold" rating in a research note on Friday, May 16th. HC Wainwright lifted their price target on shares of Alcoa to $90.00 and gave the company a "buy" rating in a report on Tuesday, March 11th. JPMorgan Chase & Co. dropped their price objective on shares of Alcoa from $28.00 to $25.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $31.00 target price on shares of Alcoa in a report on Thursday, May 15th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $42.50.

Alcoa Trading Down 0.9%

NYSE AA traded down $0.26 during trading hours on Tuesday, hitting $28.75. 5,186,059 shares of the company were exchanged, compared to its average volume of 5,587,674. Alcoa has a 52 week low of $21.53 and a 52 week high of $47.77. The company has a quick ratio of 1.00, a current ratio of 1.71 and a debt-to-equity ratio of 0.43. The stock has a 50-day moving average price of $26.72 and a 200 day moving average price of $32.48. The stock has a market cap of $7.44 billion, a PE ratio of 8.66, a price-to-earnings-growth ratio of 0.16 and a beta of 2.26.

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 the consensus estimate of $1.73 by $0.42. The firm had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.58 billion. Alcoa had a return on equity of 18.56% and a net margin of 6.79%. Analysts forecast that Alcoa will post 4.43 earnings per share for the current fiscal year.

Alcoa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Tuesday, May 20th were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $0.40 annualized dividend and a dividend yield of 1.39%. Alcoa's dividend payout ratio (DPR) is presently 12.05%.

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.