Rhumbline Advisers Acquires 11,094 Shares of Alcoa Co. (NYSE:AA)

Rhumbline Advisers boosted its holdings in shares of Alcoa Co. (NYSE:AA) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 688,784 shares of the industrial products company’s stock after purchasing an additional 11,094 shares during the quarter. Rhumbline Advisers owned about 0.27% of Alcoa worth $26,022,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP bought a new stake in Alcoa during the 3rd quarter valued at approximately $43,000. Continuum Advisory LLC grew its holdings in Alcoa by 1,945.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,125 shares of the industrial products company’s stock valued at $46,000 after buying an additional 1,070 shares in the last quarter. UMB Bank n.a. grew its holdings 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 buying an additional 598 shares in the last quarter. GAMMA Investing LLC grew its holdings 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 buying an additional 1,157 shares in the last quarter. Finally, Millburn Ridgefield Corp purchased a new position in Alcoa during the 3rd quarter valued at approximately $89,000.

Alcoa Price Performance

AA opened at $36.18 on Thursday. The business has a fifty day moving average of $37.07 and a 200 day moving average of $37.77. Alcoa Co. has a 52-week low of $24.86 and a 52-week high of $47.77. The company has a quick ratio of 0.86, a current ratio of 1.45 and a debt-to-equity ratio of 0.48. The stock has a market cap of $9.35 billion, a P/E ratio of -226.14, a PEG ratio of 0.20 and a beta of 2.43.

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, beating analysts’ consensus estimates of $0.91 by $0.13. Alcoa had a return on equity of 5.54% and a net margin of 0.50%. As a group, sell-side analysts anticipate that Alcoa Co. will post 4.43 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Bank of America raised their price target on Alcoa to $58.00 and gave the company a “buy” rating in a report on Friday, January 24th. Jefferies Financial Group cut their price target on Alcoa from $50.00 to $45.00 and set a “buy” rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. raised their price target on Alcoa from $38.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. BMO Capital Markets raised their price target on Alcoa to $43.00 and gave the company a “hold” rating in a report on Friday, January 17th. Finally, Morgan Stanley dropped their target price on Alcoa from $55.00 to $51.00 and set an “overweight” rating for the company in a report on Tuesday, January 28th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $46.55.

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.