Choreo LLC Sells 1,870 Shares of Alcoa Co. (NYSE:AA)

Choreo LLC lessened its stake in Alcoa Co. (NYSE:AA) by 24.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,680 shares of the industrial products company’s stock after selling 1,870 shares during the quarter. Choreo LLC’s holdings in Alcoa were worth $211,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. ARGA Investment Management LP grew its position in shares of Alcoa by 29.6% during the 4th quarter. ARGA Investment Management LP now owns 2,998,311 shares of the industrial products company’s stock worth $113,276,000 after purchasing an additional 684,505 shares in the last quarter. Ninety One UK Ltd increased its holdings in Alcoa by 39.5% in the 4th quarter. Ninety One UK Ltd now owns 498,574 shares of the industrial products company’s stock worth $18,836,000 after purchasing an additional 141,261 shares in the last quarter. Trust Point Inc. lifted its holdings in shares of Alcoa by 24.8% during the fourth quarter. Trust Point Inc. now owns 8,591 shares of the industrial products company’s stock worth $325,000 after purchasing an additional 1,707 shares during the period. Rheos Capital Works Inc. acquired a new stake in shares of Alcoa in the fourth quarter valued at about $2,002,000. Finally, Ausbil Investment Management Ltd bought a new stake in shares of Alcoa in the 4th quarter valued at $429,000.

Alcoa Trading Down 0.4 %

NYSE:AA opened at $36.24 on Friday. The company has a current ratio of 1.45, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48. Alcoa Co. has a 12 month low of $24.86 and a 12 month high of $47.77. The company has a market capitalization of $9.36 billion, a P/E ratio of -226.47, a PEG ratio of 0.20 and a beta of 2.43. The firm has a fifty day simple moving average of $37.34 and a 200-day simple moving average of $37.66.

Alcoa (NYSE:AA) last posted its quarterly earnings data on Wednesday, January 22nd. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.13. Alcoa had a return on equity of 5.54% and a net margin of 0.50%. On average, equities research analysts anticipate that Alcoa Co. will post 4.43 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on AA. BMO Capital Markets increased their price objective on shares of Alcoa to $43.00 and gave the stock a “hold” rating in a research report on Friday, January 17th. Morgan Stanley decreased their target price on Alcoa from $55.00 to $51.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. JPMorgan Chase & Co. lifted their price objective on Alcoa from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Jefferies Financial Group cut their price objective on shares of Alcoa from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Finally, Bank of America lifted their target price on shares of Alcoa to $58.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Alcoa presently has a consensus 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.