Alcoa Co. (NYSE:AA) Shares Bought by Thomist Capital Management LP

Thomist Capital Management LP increased its stake in Alcoa Co. (NYSE:AA - Free Report) by 76.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 130,100 shares of the industrial products company's stock after acquiring an additional 56,200 shares during the quarter. Alcoa makes up about 1.2% of Thomist Capital Management LP's portfolio, making the stock its 21st biggest holding. Thomist Capital Management LP owned 0.05% of Alcoa worth $4,833,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in AA. HB Wealth Management LLC acquired a new stake in shares of Alcoa in the fourth quarter worth approximately $211,000. Union Bancaire Privee UBP SA acquired a new stake in shares of Alcoa in the fourth quarter valued at about $454,000. Ausbil Investment Management Ltd purchased a new position in shares of Alcoa in the fourth quarter worth about $429,000. Rheos Capital Works Inc. purchased a new stake in Alcoa during the 4th quarter valued at about $2,002,000. Finally, Drummond Knight Asset Management Pty Ltd purchased a new position in Alcoa in the 4th quarter worth approximately $19,646,000. 82.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AA shares. Bank of America reiterated an "underperform" rating and set a $26.00 price objective (down previously from $58.00) on shares of Alcoa in a research report on Tuesday, April 8th. B. Riley cut their price objective on shares of Alcoa from $44.00 to $43.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Q1 EBITDA beat expectations, Q2 EBITDA estimate raised to 439M from 351M Barclays boosted their target price on shares of Alcoa to $31.00 and gave the company a "hold" rating in a report on Friday, May 16th. Morgan Stanley cut their price target on shares of Alcoa from $55.00 to $51.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. decreased their price objective on Alcoa from $28.00 to $25.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Alcoa currently has a consensus rating of "Hold" and a consensus price target of $42.50.

Alcoa Stock Down 0.1%

Shares of NYSE AA traded down $0.02 during mid-day trading on Friday, hitting $27.96. The company had a trading volume of 1,416,115 shares, compared to its average volume of 5,477,029. The company has a market capitalization of $7.24 billion, a PE ratio of -174.44, a price-to-earnings-growth ratio of 0.19 and a beta of 2.29. The business's 50-day simple moving average is $27.41 and its 200 day simple moving average is $34.63. Alcoa Co. has a 1-year low of $21.53 and a 1-year high of $47.77. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.45 and a quick ratio of 0.86.

Alcoa (NYSE:AA - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $3.58 billion. On average, analysts predict that Alcoa Co. will post 4.43 earnings per share for the current year.

Alcoa Announces Dividend

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

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.