Thomist Capital Management LP Buys 56,200 Shares of Alcoa Co. (NYSE:AA)

Thomist Capital Management LP boosted its position in Alcoa Co. (NYSE:AA - Free Report) by 76.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 130,100 shares of the industrial products company's stock after buying an additional 56,200 shares during the period. Alcoa makes up 1.2% of Thomist Capital Management LP's holdings, making the stock its 21st biggest holding. Thomist Capital Management LP owned about 0.05% of Alcoa worth $4,833,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of AA. Bessemer Group Inc. grew its position in shares of Alcoa by 77.1% during the 4th quarter. Bessemer Group Inc. now owns 680 shares of the industrial products company's stock worth $26,000 after buying an additional 296 shares during the period. SBI Securities Co. Ltd. bought a new position in Alcoa during the fourth quarter worth $29,000. Point72 Hong Kong Ltd acquired a new stake in Alcoa in the fourth quarter worth $36,000. Smartleaf Asset Management LLC increased its stake 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 valued at $39,000 after purchasing an additional 393 shares in the last quarter. Finally, UMB Bank n.a. increased 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 purchasing an additional 598 shares in the last quarter. Institutional investors and hedge funds own 82.39% of the company's stock.

Analyst Upgrades and Downgrades

AA has been the topic of a number of research reports. Barclays upped their price target on Alcoa to $31.00 and gave the stock a "hold" rating in a research note on Friday, May 16th. Bank of America restated an "underperform" rating and set a $26.00 price objective (down previously from $58.00) on shares of Alcoa in a report on Tuesday, April 8th. JPMorgan Chase & Co. lowered their target price on Alcoa from $28.00 to $25.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. StockNews.com upgraded Alcoa from a "hold" rating to a "buy" rating in a report on Friday, April 18th. Finally, UBS Group restated a "neutral" rating and set a $31.00 price target on shares of Alcoa in a research note on Thursday, May 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $43.08.

Alcoa Trading Down 1.6%

AA traded down $0.45 during midday trading on Wednesday, reaching $28.34. 5,663,354 shares of the company's stock traded hands, compared to its average volume of 5,498,997. The stock has a market capitalization of $7.34 billion, a price-to-earnings ratio of -177.11, a P/E/G ratio of 0.19 and a beta of 2.29. Alcoa Co. has a 52 week low of $21.53 and a 52 week high of $47.77. The firm has a fifty day moving average of $27.66 and a two-hundred day moving average of $34.76. 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 earnings results on Wednesday, April 16th. The industrial products company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.73 by $0.42. The firm had revenue of $3.37 billion during the quarter, compared to analysts' expectations of $3.58 billion. Alcoa had a net margin of 0.50% and a return on equity of 5.54%. On average, equities analysts anticipate that Alcoa Co. will post 4.43 earnings per share for the current fiscal year.

Alcoa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Tuesday, May 20th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.40 annualized dividend and a dividend yield of 1.41%. Alcoa's payout ratio is currently 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.