Jump Financial LLC Has $1.61 Million Position in Alcoa Co. (NYSE:AA)

Jump Financial LLC lessened its holdings in Alcoa Co. (NYSE:AA - Free Report) by 64.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 47,429 shares of the industrial products company's stock after selling 84,202 shares during the period. Jump Financial LLC's holdings in Alcoa were worth $1,613,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Invesco Ltd. lifted its holdings in Alcoa by 7.4% during the third quarter. Invesco Ltd. now owns 3,216,008 shares of the industrial products company's stock valued at $93,457,000 after purchasing an additional 222,884 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in Alcoa during the third quarter valued at approximately $39,557,000. Charles Schwab Investment Management Inc. lifted its holdings in Alcoa by 7.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,325,714 shares of the industrial products company's stock valued at $45,074,000 after purchasing an additional 91,242 shares in the last quarter. Douglas Lane & Associates LLC lifted its holdings in Alcoa by 16.9% during the fourth quarter. Douglas Lane & Associates LLC now owns 1,197,317 shares of the industrial products company's stock valued at $40,709,000 after purchasing an additional 173,367 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in Alcoa by 61.7% during the fourth quarter. Russell Investments Group Ltd. now owns 904,407 shares of the industrial products company's stock valued at $30,751,000 after purchasing an additional 345,004 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. BMO Capital Markets boosted their price target on shares of Alcoa from $35.00 to $37.00 and gave the stock a "market perform" rating in a research report on Thursday, April 18th. Jefferies Financial Group boosted their price target on shares of Alcoa from $45.00 to $48.00 and gave the stock a "buy" rating in a research report on Thursday, April 18th. UBS Group boosted their price target on shares of Alcoa from $27.00 to $32.00 and gave the stock a "sell" rating in a research report on Friday, April 19th. B. Riley boosted their price target on shares of Alcoa from $25.00 to $31.00 and gave the stock a "neutral" rating in a research report on Thursday, April 18th. Finally, Morgan Stanley upgraded shares of Alcoa from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $28.50 to $36.50 in a research report on Monday, April 22nd. Three analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $33.54.

Insider Transactions at Alcoa

In other Alcoa news, EVP Tammi A. Jones sold 26,468 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $30.78, for a total transaction of $814,685.04. Following the transaction, the executive vice president now owns 41,166 shares in the company, valued at $1,267,089.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Alcoa Stock Performance

Shares of AA traded up $0.22 during trading hours on Wednesday, reaching $40.05. 5,736,788 shares of the company traded hands, compared to its average volume of 6,338,094. The company has a quick ratio of 0.93, a current ratio of 1.61 and a debt-to-equity ratio of 0.45. The business has a fifty day moving average price of $34.73 and a 200-day moving average price of $30.49. Alcoa Co. has a 12-month low of $23.07 and a 12-month high of $40.84. The stock has a market capitalization of $7.19 billion, a P/E ratio of -10.65, a P/E/G ratio of 4.12 and a beta of 2.45.

Alcoa (NYSE:AA - Get Free Report) last announced its quarterly earnings data on Wednesday, April 17th. The industrial products company reported ($0.81) earnings per share for the quarter, missing analysts' consensus estimates of ($0.62) by ($0.19). The firm had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.55 billion. Alcoa had a negative net margin of 6.41% and a negative return on equity of 8.51%. The firm's revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.23) earnings per share. Equities analysts anticipate that Alcoa Co. will post 0.2 EPS for the current fiscal year.

Alcoa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Tuesday, May 21st will be paid a $0.10 dividend. The ex-dividend date is Monday, May 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.00%. Alcoa's payout ratio is -10.64%.

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.