Union Bancaire Privee UBP SA Makes New Investment in Alcoa Co. (NYSE:AA)

Union Bancaire Privee UBP SA purchased a new position in Alcoa Co. (NYSE:AA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,790 shares of the industrial products company’s stock, valued at approximately $454,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Blue Trust Inc. boosted its stake in Alcoa by 37.3% during the 4th quarter. Blue Trust Inc. now owns 4,423 shares of the industrial products company’s stock valued at $171,000 after purchasing an additional 1,201 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new position in shares of Alcoa during the 4th quarter valued at $238,000. Nisa Investment Advisors LLC lifted its holdings in shares of Alcoa by 12.0% during the 4th 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. Ballentine Partners LLC lifted its holdings in shares of Alcoa by 3.2% during the 4th 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 period. Finally, UMB Bank n.a. lifted its holdings in shares of 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 buying an additional 598 shares during the period.

Alcoa Stock Down 2.4 %

Shares of NYSE AA opened at $34.15 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.41 and a quick ratio of 0.80. The company has a market cap of $8.82 billion, a P/E ratio of -213.42, a PEG ratio of 0.16 and a beta of 2.47. Alcoa Co. has a 1 year low of $24.86 and a 1 year high of $47.77. The firm has a 50-day simple moving average of $39.92 and a two-hundred day simple moving average of $37.57.

Alcoa (NYSE:AA) last posted its quarterly earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.13. Alcoa had a net margin of 0.50% and a return on equity of 5.48%. Research analysts anticipate that Alcoa Co. will post 4.27 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Argus raised Alcoa from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Wednesday, October 23rd. Jefferies Financial Group decreased their target price on Alcoa from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, January 6th. StockNews.com upgraded Alcoa from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th. Morgan Stanley cut their price target on Alcoa from $55.00 to $51.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, BMO Capital Markets increased their price target on Alcoa to $43.00 and gave the stock a “hold” rating in a research note on Friday, January 17th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $46.55.

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.