XTX Topco Ltd lessened its position in shares of Alcoa Co. (NYSE:AA - Free Report) by 73.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,502 shares of the industrial products company's stock after selling 53,838 shares during the quarter. XTX Topco Ltd's holdings in Alcoa were worth $737,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Bessemer Group Inc. grew its stake in Alcoa by 77.1% during the 4th quarter. Bessemer Group Inc. now owns 680 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 296 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Alcoa during the 4th quarter valued at about $29,000. Smartleaf Asset Management LLC grew its stake in Alcoa by 59.7% during the 4th 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 during the last quarter. UMB Bank n.a. grew its stake in Alcoa by 78.5% during the 4th 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 during the last quarter. Finally, GAMMA Investing LLC grew its stake in Alcoa by 399.0% during the 4th quarter. GAMMA Investing LLC now owns 1,447 shares of the industrial products company's stock valued at $55,000 after purchasing an additional 1,157 shares during the last quarter. Hedge funds and other institutional investors own 82.39% of the company's stock.
Alcoa Price Performance
NYSE AA traded up $1.01 during trading hours on Wednesday, reaching $25.33. The company's stock had a trading volume of 3,771,058 shares, compared to its average volume of 5,721,376. The firm has a market capitalization of $6.56 billion, a price-to-earnings ratio of -158.31, a P/E/G ratio of 0.19 and a beta of 2.28. Alcoa Co. has a 1-year low of $21.53 and a 1-year high of $47.77. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.45 and a quick ratio of 0.86. The company's 50-day moving average is $30.55 and its two-hundred day moving average is $36.73.
Alcoa (NYSE:AA - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The industrial products company reported $2.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.42. Alcoa had a return on equity of 5.54% and a net margin of 0.50%. The company had revenue of $3.37 billion during the quarter, compared to analysts' expectations of $3.58 billion. On average, equities analysts predict that Alcoa Co. will post 4.43 EPS for the current year.
Alcoa Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Tuesday, March 4th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.58%. The ex-dividend date was Tuesday, March 4th. Alcoa's dividend payout ratio is currently 12.05%.
Analyst Upgrades and Downgrades
Several research firms have weighed in on AA. BMO Capital Markets boosted their price target on Alcoa to $43.00 and gave the company a "hold" rating in a research note on Friday, January 17th. Jefferies Financial Group lowered their target price on Alcoa from $50.00 to $45.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. UBS Group lowered their target price on Alcoa from $47.00 to $32.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. 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 note on Thursday, April 17th. Finally, StockNews.com upgraded Alcoa from a "hold" rating to a "buy" rating in a research note on Friday, April 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $44.17.
Check Out Our Latest Analysis on Alcoa
Alcoa Profile
(
Free Report)
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.
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