Barings LLC continued to hold its position in Alcoa Corp (NYSE:AA) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,882 shares of the industrial products company’s stock at the close of the second quarter. Barings LLC’s holdings in Alcoa Corp were worth $2,335,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Parallel Advisors LLC acquired a new position in Alcoa Corp in the 1st quarter valued at $133,000. Pacer Advisors Inc. grew its stake in Alcoa Corp by 3.3% in the 1st quarter. Pacer Advisors Inc. now owns 4,140 shares of the industrial products company’s stock valued at $142,000 after buying an additional 132 shares during the last quarter. NEXT Financial Group Inc grew its stake in Alcoa Corp by 2.4% in the 2nd quarter. NEXT Financial Group Inc now owns 4,462 shares of the industrial products company’s stock valued at $146,000 after buying an additional 104 shares during the last quarter. Global X Management Co. LLC grew its stake in Alcoa Corp by 220.6% in the 2nd quarter. Global X Management Co. LLC now owns 5,803 shares of the industrial products company’s stock valued at $189,000 after buying an additional 3,993 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in Alcoa Corp by 3.8% in the 2nd quarter. Van ECK Associates Corp now owns 5,779 shares of the industrial products company’s stock valued at $189,000 after buying an additional 213 shares during the last quarter.

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A number of research analysts recently issued reports on the stock. Gabelli lowered shares of Alcoa Corp from a “buy” rating to a “hold” rating and raised their target price for the company from $57.00 to $60.00 in a research note on Wednesday. Citigroup Inc. restated a “buy” rating and issued a $53.00 price target on shares of Alcoa Corp in a research report on Friday, September 29th. Morgan Stanley raised their price target on shares of Alcoa Corp from $47.00 to $54.00 and gave the stock a “top pick” rating in a research report on Monday, September 25th. Berenberg Bank lowered shares of Alcoa Corp from a “buy” rating to a “hold” rating and raised their price target for the stock from $41.00 to $44.00 in a research report on Friday, September 22nd. Finally, Zacks Investment Research upgraded shares of Alcoa Corp from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Thursday, September 14th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $45.53.

Shares of Alcoa Corp (NYSE:AA) opened at 47.49 on Friday. The stock’s 50 day moving average is $45.87 and its 200 day moving average is $45.87. Alcoa Corp has a 12 month low of $20.00 and a 12 month high of $49.30. The firm has a market capitalization of $8.75 billion and a price-to-earnings ratio of 54.03.

Alcoa Corp (NYSE:AA) last announced its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.02. The business had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.88 billion. Alcoa Corp had a return on equity of 3.29% and a net margin of 1.63%. The company’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period last year, the firm earned $0.15 earnings per share. Equities research analysts forecast that Alcoa Corp will post $3.00 earnings per share for the current fiscal year.

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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Institutional Ownership by Quarter for Alcoa Corp (NYSE:AA)

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