Investors Sell Alcoa (AA) on Strength (AA)
Traders sold shares of Alcoa Corp (NYSE:AA) on strength during trading hours on Thursday. $62.99 million flowed into the stock on the tick-up and $84.49 million flowed out of the stock on the tick-down, for a money net flow of $21.50 million out of the stock. Of all stocks tracked, Alcoa had the 0th highest net out-flow for the day. Alcoa traded up $0.10 for the day and closed at $45.07
AA has been the topic of several recent research reports. JPMorgan Chase & Co. increased their price target on Alcoa from $68.00 to $71.00 and gave the stock an “overweight” rating in a report on Monday, February 5th. Bank of America reiterated a “buy” rating and issued a $63.00 price target (down previously from $67.00) on shares of Alcoa in a report on Thursday, January 18th. Citigroup increased their price target on Alcoa to $65.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Zacks Investment Research lowered Alcoa from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 30th. Finally, Morgan Stanley set a $55.00 target price on Alcoa and gave the company a “buy” rating in a report on Tuesday, December 19th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Alcoa presently has a consensus rating of “Buy” and a consensus price target of $57.72.
The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 1.30. The stock has a market capitalization of $8,510.00 and a PE ratio of 35.86.
In other Alcoa news, VP William F. Oplinger sold 229,475 shares of the firm’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $52.86, for a total value of $12,130,048.50. Following the completion of the sale, the vice president now directly owns 108,915 shares of the company’s stock, valued at $5,757,246.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Tomas Mar Sigurdsson sold 10,000 shares of the firm’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $51.37, for a total value of $513,700.00. Following the completion of the sale, the chief operating officer now directly owns 46,832 shares of the company’s stock, valued at $2,405,759.84. The disclosure for this sale can be found here.
Large investors have recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. purchased a new stake in Alcoa in the fourth quarter worth $103,000. Cerebellum GP LLC purchased a new stake in Alcoa in the fourth quarter worth $127,000. Barrett Asset Management LLC purchased a new stake in Alcoa in the fourth quarter worth $129,000. Fruth Investment Management purchased a new stake in Alcoa in the fourth quarter worth $200,000. Finally, HL Financial Services LLC purchased a new stake in Alcoa in the fourth quarter worth $200,000.
Alcoa 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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