Alcoa Co. (NYSE:AA) Shares Sold by Recurrent Investment Advisors LLC

Recurrent Investment Advisors LLC decreased its position in Alcoa Co. (NYSE:AA) by 33.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,194 shares of the industrial products company’s stock after selling 25,872 shares during the period. Recurrent Investment Advisors LLC’s holdings in Alcoa were worth $1,972,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in AA. Bessemer Group Inc. boosted its position in shares of Alcoa by 77.1% during the 4th quarter. Bessemer Group Inc. now owns 680 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 296 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Alcoa during the fourth quarter worth about $29,000. Point72 Hong Kong Ltd purchased a new position in Alcoa in the fourth quarter valued at about $36,000. Smartleaf Asset Management LLC lifted its position in shares of Alcoa by 59.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,051 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 393 shares during the period. Finally, UMB Bank n.a. lifted its position in shares of 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 acquiring an additional 598 shares during the period. 82.39% of the stock is currently owned by institutional investors and hedge funds.

Alcoa Stock Up 2.7%

Shares of NYSE AA opened at $29.42 on Thursday. The firm has a market cap of $7.62 billion, a P/E ratio of -183.88, a price-to-earnings-growth ratio of 0.19 and a beta of 2.29. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.45. Alcoa Co. has a 1 year low of $21.53 and a 1 year high of $47.77. The firm’s 50 day moving average price is $27.90 and its 200 day moving average price is $35.12.

Alcoa (NYSE:AA) last posted its quarterly earnings data on Wednesday, April 16th. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.42. The business had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $3.58 billion. 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 earnings per share for the current year.

Alcoa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Tuesday, May 20th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Tuesday, May 20th. Alcoa’s dividend payout ratio (DPR) is 12.05%.

Analysts Set New Price Targets

A number of analysts have commented on the company. B. Riley decreased their target price on Alcoa from $44.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Q1 EBITDA beat expectations, Q2 EBITDA estimate raised to 439M from 351M UBS Group lowered their price objective on shares of Alcoa from $47.00 to $32.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. StockNews.com upgraded shares of Alcoa from a “hold” rating to a “buy” rating in a report on Friday, April 18th. 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 report on Tuesday, January 28th. Finally, HC Wainwright increased their price target on shares of Alcoa to $90.00 and gave the company a “buy” rating in a research report on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $44.17.

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.