Alcoa Co. (NYSE:AA) Holdings Reduced by ANTIPODES PARTNERS Ltd

ANTIPODES PARTNERS Ltd decreased its position in Alcoa Co. (NYSE:AA) by 24.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,651,009 shares of the industrial products company’s stock after selling 538,740 shares during the period. Alcoa makes up approximately 2.2% of ANTIPODES PARTNERS Ltd’s holdings, making the stock its 20th biggest position. ANTIPODES PARTNERS Ltd owned 0.64% of Alcoa worth $62,380,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AA. Mountaineer Partners Management LLC lifted its stake in shares of Alcoa by 4,023.0% in the 3rd quarter. Mountaineer Partners Management LLC now owns 10,795,880 shares of the industrial products company’s stock worth $416,505,000 after acquiring an additional 10,534,036 shares during the period. State Street Corp lifted its stake in shares of Alcoa by 23.3% in the 3rd quarter. State Street Corp now owns 9,563,645 shares of the industrial products company’s stock worth $368,965,000 after acquiring an additional 1,805,915 shares during the period. Paloma Partners Management Co lifted its stake in shares of Alcoa by 11,317.8% in the 3rd quarter. Paloma Partners Management Co now owns 1,427,799 shares of the industrial products company’s stock worth $55,084,000 after acquiring an additional 1,415,294 shares during the period. Geode Capital Management LLC lifted its stake in shares of Alcoa by 42.0% in the 3rd quarter. Geode Capital Management LLC now owns 4,193,744 shares of the industrial products company’s stock worth $161,838,000 after acquiring an additional 1,239,479 shares during the period. Finally, Global Alpha Capital Management Ltd. acquired a new stake in shares of Alcoa in the 3rd quarter worth approximately $36,165,000. Institutional investors own 82.39% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. B. Riley raised shares of Alcoa to a “strong-buy” rating in a research note on Tuesday, January 21st. Morgan Stanley cut their target price on shares of Alcoa from $55.00 to $51.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. Bank of America increased their target price on shares of Alcoa to $58.00 and gave the company a “buy” rating in a research note on Friday, January 24th. HC Wainwright increased their target price on shares of Alcoa to $90.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, BMO Capital Markets increased their target price on shares of Alcoa to $43.00 and gave the company a “hold” rating in a research note on Friday, January 17th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $50.17.

Alcoa Stock Up 4.1 %

Shares of NYSE:AA opened at $33.28 on Thursday. The company has a market cap of $8.61 billion, a PE ratio of -207.97, a price-to-earnings-growth ratio of 0.19 and a beta of 2.55. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.45. The firm has a 50 day simple moving average of $35.59 and a 200 day simple moving average of $37.94. Alcoa Co. has a 52 week low of $27.12 and a 52 week high of $47.77.

Alcoa (NYSE:AA) last released its quarterly earnings data 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 5.54%. As a group, research analysts expect that Alcoa Co. will post 4.43 earnings per share for the current year.

Alcoa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Tuesday, March 4th will be paid a $0.10 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $0.40 annualized dividend and a yield of 1.20%. Alcoa’s dividend payout ratio is presently -250.00%.

Alcoa 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.