Alcoa Corp. (NYSE:AA) Shares Sold by Aperio Group LLC
Aperio Group LLC lowered its position in Alcoa Corp. (NYSE:AA) by 9.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,506 shares of the industrial products company’s stock after selling 4,870 shares during the period. Aperio Group LLC’s holdings in Alcoa Corp. were worth $1,551,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Private Advisor Group LLC raised its stake in Alcoa Corp. by 16.3% in the first quarter. Private Advisor Group LLC now owns 9,225 shares of the industrial products company’s stock worth $312,000 after buying an additional 1,294 shares in the last quarter. Nordea Investment Management AB raised its stake in Alcoa Corp. by 21.2% in the first quarter. Nordea Investment Management AB now owns 25,648 shares of the industrial products company’s stock worth $882,000 after buying an additional 4,494 shares in the last quarter. Pacer Advisors Inc. raised its stake in Alcoa Corp. by 3.3% in the first quarter. Pacer Advisors Inc. now owns 4,140 shares of the industrial products company’s stock worth $142,000 after buying an additional 132 shares in the last quarter. Penserra Capital Management LLC acquired a new stake in Alcoa Corp. during the first quarter worth approximately $1,262,000. Finally, Oxford Asset Management acquired a new stake in Alcoa Corp. during the first quarter worth approximately $499,000.
Shares of Alcoa Corp. (AA) traded down 0.29% on Friday, hitting $37.67. The stock had a trading volume of 1,775,783 shares. The company has a market capitalization of $6.94 billion and a price-to-earnings ratio of 42.86. Alcoa Corp. has a 52 week low of $20.53 and a 52 week high of $40.36. The company has a 50-day moving average of $35.38 and a 200 day moving average of $34.37. Alcoa Corp. also was the recipient of unusually large options trading on Tuesday. Stock investors bought 20,670 call options on the stock. This is an increase of 456% compared to the typical volume of 3,715 call options.
Alcoa Corp. (NYSE:AA) last issued its quarterly earnings results on Wednesday, July 19th. The industrial products company reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.88 billion. Alcoa Corp. had a return on equity of 3.29% and a net margin of 1.63%. Alcoa Corp.’s revenue was up 23.1% on a year-over-year basis. During the same period last year, the business posted $0.15 earnings per share. On average, equities research analysts predict that Alcoa Corp. will post $2.80 EPS for the current year.
A number of equities research analysts recently issued reports on the company. Credit Suisse Group assumed coverage on Alcoa Corp. in a research report on Wednesday. They issued a “neutral” rating and a $42.00 target price on the stock. Deutsche Bank AG reissued a “hold” rating and issued a $44.00 target price on shares of Alcoa Corp. in a research report on Wednesday. BMO Capital Markets set a $45.00 target price on Alcoa Corp. and gave the company a “buy” rating in a research report on Saturday, August 5th. Morgan Stanley reissued an “overweight” rating on shares of Alcoa Corp. in a research report on Friday, July 21st. Finally, Clarkson Capital reissued a “buy” rating on shares of Alcoa Corp. in a research report on Thursday, July 20th. Six equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $39.00.
Alcoa Corp. Company Profile
Alcoa Corporation, formerly Alcoa Upstream Corporation, is engaged in the production of bauxite, alumina and aluminum of various cast and rolled products. The Company is engaged in the production and management of aluminum and alumina combined through its participation in various aspects of the industry, such as technology, mining, refining, smelting, and recycling.
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