Vontobel Holding Ltd. Has $673,000 Holdings in Alcoa Co. (NYSE:AA)

Vontobel Holding Ltd. increased its position in shares of Alcoa Co. (NYSE:AA) by 50.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,821 shares of the industrial products company’s stock after acquiring an additional 5,985 shares during the period. Vontobel Holding Ltd.’s holdings in Alcoa were worth $673,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the business. Mountaineer Partners Management LLC increased its holdings in shares of Alcoa by 4,023.0% during the third quarter. Mountaineer Partners Management LLC now owns 10,795,880 shares of the industrial products company’s stock valued at $416,505,000 after acquiring an additional 10,534,036 shares in the last quarter. State Street Corp grew its position in Alcoa by 23.3% during the third quarter. State Street Corp now owns 9,563,645 shares of the industrial products company’s stock valued at $368,965,000 after buying an additional 1,805,915 shares during the period. Geode Capital Management LLC lifted its stake in Alcoa by 42.0% in the third quarter. Geode Capital Management LLC now owns 4,193,744 shares of the industrial products company’s stock valued at $161,838,000 after purchasing an additional 1,239,479 shares during the last quarter. ARGA Investment Management LP increased its holdings in Alcoa by 29.6% in 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 acquiring an additional 684,505 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Alcoa by 32.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,888,590 shares of the industrial products company’s stock worth $72,862,000 after buying an additional 467,986 shares during the period.

Alcoa Stock Performance

Shares of Alcoa stock opened at $36.18 on Thursday. Alcoa Co. has a 1 year low of $24.86 and a 1 year high of $47.77. The stock has a market cap of $9.35 billion, a price-to-earnings ratio of -226.14, a PEG ratio of 0.20 and a beta of 2.43. The firm’s 50-day moving average is $37.07 and its 200 day moving average is $37.77. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.45 and a quick ratio of 0.86.

Alcoa (NYSE:AA) last issued its quarterly earnings data on Wednesday, January 22nd. The industrial products company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.13. Alcoa had a net margin of 0.50% and a return on equity of 5.54%. Sell-side analysts anticipate that Alcoa Co. will post 4.43 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on AA shares. Argus upgraded shares of Alcoa from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Wednesday, October 23rd. Morgan Stanley cut their target price on Alcoa from $55.00 to $51.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. B. Riley upgraded Alcoa to a “strong-buy” rating in a report on Tuesday, January 21st. Jefferies Financial Group decreased their price objective on shares of Alcoa from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Finally, Bank of America upped their price objective on shares of Alcoa to $58.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Four 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.