Two Sigma Investments LP Has $34.77 Million Position in Alcoa Co. (NYSE:AA)

Two Sigma Investments LP lessened its holdings in shares of Alcoa Co. (NYSE:AA - Free Report) by 49.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 920,411 shares of the industrial products company's stock after selling 899,642 shares during the quarter. Two Sigma Investments LP owned approximately 0.36% of Alcoa worth $34,773,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. HB Wealth Management LLC bought a new position in Alcoa during the fourth quarter valued at about $211,000. UMB Bank n.a. raised its stake in shares of Alcoa by 78.5% in the 4th quarter. UMB Bank n.a. now owns 1,360 shares of the industrial products company's stock valued at $51,000 after acquiring an additional 598 shares in the last quarter. Ballentine Partners LLC lifted its holdings in Alcoa by 3.2% in the 4th quarter. Ballentine Partners LLC now owns 8,973 shares of the industrial products company's stock worth $339,000 after purchasing an additional 279 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Alcoa by 12.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 18,642 shares of the industrial products company's stock worth $704,000 after purchasing an additional 2,000 shares during the period. Finally, Kingswood Wealth Advisors LLC bought a new stake in Alcoa during the fourth quarter worth approximately $238,000. Institutional investors and hedge funds own 82.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on AA shares. HC Wainwright boosted their price objective on shares of Alcoa to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, March 11th. Barclays boosted their target price on shares of Alcoa to $31.00 and gave the stock a "hold" rating in a research report on Friday, May 16th. B. Riley lowered their price target on Alcoa from $44.00 to $43.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Q1 EBITDA beat expectations, Q2 EBITDA estimate raised to 439M from 351M UBS Group reiterated a "neutral" rating and issued a $31.00 price objective on shares of Alcoa in a research note on Thursday, May 15th. Finally, Wall Street Zen downgraded Alcoa from a "buy" rating to a "hold" rating in a research note on Thursday. One equities research 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, the stock presently has an average rating of "Hold" and a consensus price target of $42.50.

Alcoa Stock Performance

Alcoa stock traded up $0.09 during trading hours 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 50-day moving average of $27.30 and a two-hundred day moving average of $34.37. 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 fifty-two week low of $21.53 and a fifty-two week high of $47.77. The company has a market cap of $7.27 billion, a PE ratio of -175.41, a price-to-earnings-growth ratio of 0.19 and a beta of 2.29.

Alcoa (NYSE:AA - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $3.37 billion for the quarter, compared to analysts' expectations of $3.58 billion. Alcoa had a return on equity of 5.54% and a net margin of 0.50%. On average, equities research analysts anticipate that Alcoa Co. will post 4.43 EPS for the current fiscal year.

Alcoa Dividend Announcement

The firm also recently disclosed 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 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.