Alcoa Co. (NYSE:AA) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP lowered its stake in shares of Alcoa Co. (NYSE:AA - Free Report) by 49.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 678,864 shares of the industrial products company's stock after selling 669,700 shares during the period. Two Sigma Advisers LP owned 0.26% of Alcoa worth $25,647,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. HB Wealth Management LLC purchased a new position in Alcoa in the 4th quarter valued at about $211,000. UMB Bank n.a. raised its position in shares of 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 buying an additional 598 shares during the last quarter. Ballentine Partners LLC raised its position in shares of Alcoa by 3.2% in the fourth quarter. Ballentine Partners LLC now owns 8,973 shares of the industrial products company's stock valued at $339,000 after buying an additional 279 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Alcoa by 12.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 18,642 shares of the industrial products company's stock valued at $704,000 after buying an additional 2,000 shares during the period. Finally, Kingswood Wealth Advisors LLC acquired a new stake in Alcoa during the fourth quarter worth approximately $238,000. Hedge funds and other institutional investors own 82.39% of the company's stock.

Alcoa Trading Up 0.3%

Shares of NYSE AA traded up $0.09 during midday trading on Monday, hitting $28.07. The stock had a trading volume of 5,294,072 shares, compared to its average volume of 5,505,431. The company has a quick ratio of 0.86, a current ratio of 1.45 and a debt-to-equity ratio of 0.48. Alcoa Co. has a 1-year low of $21.53 and a 1-year high of $47.77. The company has a market capitalization of $7.27 billion, a price-to-earnings ratio of -175.41, a PEG ratio of 0.19 and a beta of 2.29. The company has a fifty day moving average price of $27.30 and a 200 day moving average price of $34.37.

Alcoa (NYSE:AA - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The industrial products company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.73 by $0.42. Alcoa had a net margin of 0.50% and a return on equity of 5.54%. The firm 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 Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have commented on AA shares. B. Riley lowered their target price on shares of 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 HC Wainwright lifted their price objective on Alcoa to $90.00 and gave the company a "buy" rating in a research report on Tuesday, March 11th. UBS Group reiterated a "neutral" rating and issued a $31.00 target price on shares of Alcoa in a research note on Thursday, May 15th. Bank of America restated an "underperform" rating and issued a $26.00 price target (down previously from $58.00) on shares of Alcoa in a report on Tuesday, April 8th. Finally, Wall Street Zen downgraded shares of Alcoa from a "buy" rating to a "hold" rating in a research note on Thursday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Alcoa currently has a consensus rating of "Hold" and an average target price of $42.50.

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.