Raymond James Financial Services Advisors Inc. trimmed its stake in Alcoa Corp (NYSE:AA) by 7.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,453 shares of the industrial products company’s stock after selling 2,122 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Alcoa were worth $717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of AA. KBC Group NV grew its position in shares of Alcoa by 19.5% during the fourth quarter. KBC Group NV now owns 12,785 shares of the industrial products company’s stock worth $339,000 after acquiring an additional 2,090 shares during the last quarter. Rhumbline Advisers grew its position in Alcoa by 5.3% in the 4th quarter. Rhumbline Advisers now owns 180,811 shares of the industrial products company’s stock valued at $4,806,000 after buying an additional 9,109 shares in the last quarter. State Board of Administration of Florida Retirement System grew its position in Alcoa by 0.4% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 239,433 shares of the industrial products company’s stock valued at $6,364,000 after buying an additional 920 shares in the last quarter. Creative Planning grew its position in Alcoa by 44.9% in the 4th quarter. Creative Planning now owns 9,215 shares of the industrial products company’s stock valued at $245,000 after buying an additional 2,855 shares in the last quarter. Finally, Daiwa Securities Group Inc. bought a new position in Alcoa in the 4th quarter valued at about $664,000.

NYSE AA traded down $0.24 on Wednesday, reaching $21.43. The company’s stock had a trading volume of 331,055 shares, compared to its average volume of 3,729,103. The company has a current ratio of 1.47, a quick ratio of 0.83 and a debt-to-equity ratio of 0.25. Alcoa Corp has a twelve month low of $20.82 and a twelve month high of $50.13. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of 5.99, a PEG ratio of 5.28 and a beta of 1.30.

Alcoa (NYSE:AA) last posted its quarterly earnings data on Wednesday, April 17th. The industrial products company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.06). Alcoa had a negative net margin of 0.94% and a positive return on equity of 6.75%. The firm had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same period in the prior year, the company posted $0.77 earnings per share. Alcoa’s quarterly revenue was down 12.0% compared to the same quarter last year. As a group, research analysts predict that Alcoa Corp will post 1.01 earnings per share for the current year.

A number of equities analysts recently issued reports on the stock. TheStreet lowered shares of Alcoa from a “c-” rating to a “d+” rating in a research report on Thursday, March 28th. ValuEngine downgraded shares of Alcoa from a “sell” rating to a “strong sell” rating in a report on Thursday, March 7th. Bank of America downgraded shares of Alcoa from a “buy” rating to a “neutral” rating and cut their price target for the company from $45.00 to $31.00 in a report on Wednesday, April 3rd. BMO Capital Markets cut their price target on shares of Alcoa from $45.00 to $40.00 in a report on Thursday, April 18th. Finally, Zacks Investment Research downgraded shares of Alcoa from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. Alcoa currently has a consensus rating of “Buy” and an average target price of $40.75.

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Alcoa Profile

Alcoa Corporation produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Brazil, Canada, and internationally. The company operates through Bauxite, Alumina, and Aluminum segments. It engages in bauxite mining operations; and processes bauxite into alumina and sells bauxite to customers who process it into industrial chemical products.

See Also: Stock Split

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Institutional Ownership by Quarter for Alcoa (NYSE:AA)

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