32,377 Shares in Alcoa Co. (NYSE:AA) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in Alcoa Co. (NYSE:AA) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 32,377 shares of the industrial products company’s stock, valued at approximately $1,223,000.

Other large investors also recently modified their holdings of the company. Retirement Systems of Alabama grew its stake in shares of Alcoa by 41.6% in the third quarter. Retirement Systems of Alabama now owns 313,822 shares of the industrial products company’s stock valued at $12,107,000 after buying an additional 92,201 shares in the last quarter. ING Groep NV bought a new position in Alcoa during the 3rd quarter worth approximately $10,201,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Alcoa by 6.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 628,116 shares of the industrial products company’s stock worth $24,233,000 after buying an additional 36,869 shares during the last quarter. Aigen Investment Management LP lifted its holdings in Alcoa by 73.0% during the 3rd quarter. Aigen Investment Management LP now owns 36,848 shares of the industrial products company’s stock worth $1,422,000 after buying an additional 15,546 shares during the last quarter. Finally, Mountaineer Partners Management LLC lifted its holdings 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 purchasing an additional 10,534,036 shares during the last quarter. 82.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price target on Alcoa from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. BMO Capital Markets lifted their price target on Alcoa to $43.00 and gave the company a “hold” rating in a research report on Friday, January 17th. 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. Morgan Stanley decreased their target price on Alcoa from $55.00 to $51.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Finally, B. Riley upgraded Alcoa to a “strong-buy” rating in a report on Tuesday, January 21st. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.55.

Alcoa Trading Up 0.0 %

Alcoa stock opened at $32.84 on Friday. 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 business’s 50-day simple moving average is $36.02 and its 200-day simple moving average is $37.94. The firm has a market capitalization of $8.50 billion, a PE ratio of -205.27, a PEG ratio of 0.19 and a beta of 2.55. Alcoa Co. has a 52 week low of $27.12 and a 52 week high of $47.77.

Alcoa (NYSE:AA) last issued its quarterly earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts forecast that Alcoa Co. will post 4.43 earnings per share for the current year.

Alcoa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Tuesday, March 4th will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, March 4th. This represents a $0.40 annualized dividend and a yield of 1.22%. Alcoa’s dividend payout ratio is -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.