Sicart Associates LLC acquired a new position in Arconic Inc. (NYSE:ARNC) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,366 shares of the basic materials company’s stock, valued at approximately $337,000.

Several other institutional investors also recently modified their holdings of ARNC. First Allied Advisory Services Inc. increased its position in shares of Arconic by 1.7% during the second quarter. First Allied Advisory Services Inc. now owns 18,249 shares of the basic materials company’s stock valued at $418,000 after acquiring an additional 307 shares during the last quarter. Riverhead Capital Management LLC increased its position in shares of Arconic by 3.7% during the second quarter. Riverhead Capital Management LLC now owns 18,058 shares of the basic materials company’s stock valued at $409,000 after acquiring an additional 641 shares during the last quarter. Flinton Capital Management LLC increased its position in shares of Arconic by 3.5% during the second quarter. Flinton Capital Management LLC now owns 24,174 shares of the basic materials company’s stock valued at $548,000 after acquiring an additional 816 shares during the last quarter. Capstone Investment Advisors Netherlands B.V. increased its position in shares of Arconic by 47.9% during the second quarter. Capstone Investment Advisors Netherlands B.V. now owns 4,950 shares of the basic materials company’s stock valued at $112,000 after acquiring an additional 1,604 shares during the last quarter. Finally, Norinchukin Bank The increased its position in shares of Arconic by 6.9% during the second quarter. Norinchukin Bank The now owns 30,587 shares of the basic materials company’s stock valued at $693,000 after acquiring an additional 1,961 shares during the last quarter. 74.62% of the stock is owned by hedge funds and other institutional investors.

Arconic Inc. (NYSE ARNC) traded up $0.09 during trading hours on Wednesday, reaching $30.50. The company’s stock had a trading volume of 1,717,328 shares, compared to its average volume of 3,907,730. The company has a quick ratio of 1.38, a current ratio of 2.30 and a debt-to-equity ratio of 1.15. Arconic Inc. has a twelve month low of $20.58 and a twelve month high of $31.17. The stock has a market capitalization of $14,660.00, a P/E ratio of -14.19, a P/E/G ratio of 1.05 and a beta of 0.85.

Arconic (NYSE:ARNC) last released its earnings results on Monday, October 23rd. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.02). Arconic had a positive return on equity of 9.71% and a negative net margin of 4.70%. The firm had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.09 billion. Arconic’s quarterly revenue was up 3.1% compared to the same quarter last year. analysts forecast that Arconic Inc. will post 1.15 EPS for the current year.

ARNC has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Arconic from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Vetr downgraded Arconic from a “strong-buy” rating to a “hold” rating and set a $27.98 target price for the company. in a research report on Monday, October 9th. Deutsche Bank set a $31.00 target price on Arconic and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Cowen reissued a “hold” rating and issued a $25.00 target price on shares of Arconic in a research report on Tuesday, October 31st. Finally, Wells Fargo & Co started coverage on Arconic in a research report on Thursday, January 4th. They issued an “outperform” rating and a $35.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $29.44.

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Arconic Company Profile

Arconic Inc, formerly Alcoa Inc, is engaged in lightweight metals engineering and manufacturing. The Company operates through three segments: Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions. Its multi-material products, which include aluminum, titanium and nickel, are used around the world in markets, such as aerospace, automotive, commercial transportation and packaging.

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Institutional Ownership by Quarter for Arconic (NYSE:ARNC)

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