Levin Capital Strategies L.P. Has $6.48 Million Position in Alcoa Co. (NYSE:AA)

Levin Capital Strategies L.P. grew its holdings in shares of Alcoa Co. (NYSE:AA) by 1,324.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 190,657 shares of the industrial products company’s stock after acquiring an additional 177,271 shares during the period. Levin Capital Strategies L.P.’s holdings in Alcoa were worth $6,482,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Tennessee Valley Asset Management Partners acquired a new stake in Alcoa during the 4th quarter worth about $31,000. Quent Capital LLC grew its stake in shares of Alcoa by 64.2% in the 4th quarter. Quent Capital LLC now owns 990 shares of the industrial products company’s stock valued at $34,000 after buying an additional 387 shares during the period. Bourgeon Capital Management LLC grew its stake in shares of Alcoa by 100.0% in the 4th quarter. Bourgeon Capital Management LLC now owns 2,000 shares of the industrial products company’s stock valued at $68,000 after buying an additional 1,000 shares during the period. Signaturefd LLC grew its stake in shares of Alcoa by 53.0% in the 3rd quarter. Signaturefd LLC now owns 2,661 shares of the industrial products company’s stock valued at $77,000 after buying an additional 922 shares during the period. Finally, Central Bank & Trust Co. grew its stake in shares of Alcoa by 190.4% in the 4th quarter. Central Bank & Trust Co. now owns 2,384 shares of the industrial products company’s stock valued at $81,000 after buying an additional 1,563 shares during the period.

Insider Buying and Selling at Alcoa

In other news, EVP Tammi A. Jones sold 26,468 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $30.78, for a total transaction of $814,685.04. Following the completion of the transaction, the executive vice president now directly owns 41,166 shares in the company, valued at approximately $1,267,089.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Analyst Upgrades and Downgrades

Several analysts have recently commented on AA shares. UBS Group raised their target price on Alcoa from $27.00 to $32.00 and gave the company a “sell” rating in a research note on Friday, April 19th. StockNews.com downgraded Alcoa from a “hold” rating to a “sell” rating in a research note on Friday, April 19th. Jefferies Financial Group lifted their price target on Alcoa from $45.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Morgan Stanley upgraded Alcoa from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $28.50 to $36.50 in a research note on Monday, April 22nd. Finally, JPMorgan Chase & Co. lifted their price target on Alcoa from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Thursday, January 18th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $33.54.

Alcoa Stock Performance

Shares of Alcoa stock traded up $1.62 during mid-day trading on Thursday, hitting $35.87. 3,572,284 shares of the stock were exchanged, compared to its average volume of 6,440,429. Alcoa Co. has a 12 month low of $23.07 and a 12 month high of $38.20. The company has a 50-day simple moving average of $32.56 and a 200 day simple moving average of $29.57. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.93 and a current ratio of 1.61. The company has a market capitalization of $6.44 billion, a P/E ratio of -9.11, a P/E/G ratio of 3.61 and a beta of 2.44.

Alcoa (NYSE:AA) last posted its quarterly earnings results on Wednesday, April 17th. The industrial products company reported ($0.81) EPS for the quarter, missing analysts’ consensus estimates of ($0.62) by ($0.19). The company had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.55 billion. Alcoa had a negative return on equity of 8.51% and a negative net margin of 6.41%. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period last year, the firm posted ($0.23) EPS. Sell-side analysts anticipate that Alcoa Co. will post 0.2 earnings per share for the current fiscal year.

Alcoa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Tuesday, March 5th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, March 4th. This represents a $0.40 dividend on an annualized basis and a yield of 1.12%. Alcoa’s payout ratio is -10.64%.

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.