XTX Topco Ltd Has $1.33 Million Stock Position in Alcoa (NYSE:AA)

Key Points

• XTX Topco Ltd increased its stake in Alcoa by 123.2%, purchasing an additional 24,034 shares, bringing its total holdings to 43,536 shares valued at approximately $1.33 million.
• Alcoa's recent earnings report showed earnings per share of $0.39, exceeding estimates, with quarterly revenue of $3.02 billion.
• The company announced a quarterly dividend of $0.10, which will be paid on August 28th to shareholders of record as of August 12th, reflecting a 1.3% yield.

XTX Topco Ltd boosted its holdings in shares of Alcoa (NYSE:AA - Free Report) by 123.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 43,536 shares of the industrial products company's stock after acquiring an additional 24,034 shares during the period. XTX Topco Ltd's holdings in Alcoa were worth $1,328,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Geode Capital Management LLC boosted its position in shares of Alcoa by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 4,232,766 shares of the industrial products company's stock worth $159,966,000 after purchasing an additional 39,022 shares in the last quarter. Northern Trust Corp boosted its position in shares of Alcoa by 46.8% during the fourth quarter. Northern Trust Corp now owns 2,549,608 shares of the industrial products company's stock worth $96,324,000 after purchasing an additional 813,214 shares in the last quarter. Sourcerock Group LLC boosted its position in shares of Alcoa by 319.1% during the fourth quarter. Sourcerock Group LLC now owns 1,978,009 shares of the industrial products company's stock worth $74,729,000 after purchasing an additional 1,506,009 shares in the last quarter. ANTIPODES PARTNERS Ltd boosted its position in shares of Alcoa by 2.2% during the first quarter. ANTIPODES PARTNERS Ltd now owns 1,687,529 shares of the industrial products company's stock worth $51,474,000 after purchasing an additional 36,520 shares in the last quarter. Finally, Douglas Lane & Associates LLC boosted its position in shares of Alcoa by 1.0% during the first quarter. Douglas Lane & Associates LLC now owns 1,401,884 shares of the industrial products company's stock worth $42,757,000 after purchasing an additional 13,194 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AA shares. B. Riley cut their price objective on shares of Alcoa from $38.00 to $37.00 and set a "buy" rating on the stock in a research report on Tuesday, July 15th. UBS Group reaffirmed a "neutral" rating and issued a $31.00 price objective on shares of Alcoa in a research report on Thursday, May 15th. Citigroup raised shares of Alcoa to a "buy" rating and set a $42.00 price objective on the stock in a research report on Tuesday, July 8th. Wall Street Zen cut shares of Alcoa from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Finally, Barclays boosted their price target on shares of Alcoa to $31.00 and gave the stock a "hold" rating in a research report on Friday, May 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Alcoa has a consensus rating of "Hold" and an average price target of $41.23.

Alcoa Stock Performance

Shares of Alcoa stock traded down $1.57 during trading on Friday, hitting $28.40. 6,928,186 shares of the stock were exchanged, compared to its average volume of 6,093,337. The stock has a market capitalization of $7.35 billion, a price-to-earnings ratio of 7.42, a price-to-earnings-growth ratio of 0.16 and a beta of 2.24. The company has a fifty day moving average price of $29.35 and a 200-day moving average price of $30.42. Alcoa has a 1-year low of $21.53 and a 1-year high of $47.77. The company has a current ratio of 1.65, a quick ratio of 0.97 and a debt-to-equity ratio of 0.42.

Alcoa (NYSE:AA - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The industrial products company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.10. The company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.96 billion. Alcoa had a net margin of 7.86% and a return on equity of 19.27%. Alcoa's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.16 EPS. As a group, equities analysts predict that Alcoa will post 4.43 EPS for the current fiscal year.

Alcoa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Tuesday, August 12th will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, August 12th. This represents a $0.40 annualized dividend and a dividend yield of 1.4%. Alcoa's payout ratio is currently 10.44%.

About Alcoa

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.