Hantz Financial Services Inc. Buys 2,076 Shares of Alcoa $AA

Hantz Financial Services Inc. increased its stake in shares of Alcoa (NYSE:AA) by 357.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,656 shares of the industrial products company’s stock after buying an additional 2,076 shares during the quarter. Hantz Financial Services Inc.’s holdings in Alcoa were worth $78,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of AA. GAMMA Investing LLC lifted its position in shares of Alcoa by 58.8% during the 1st quarter. GAMMA Investing LLC now owns 2,298 shares of the industrial products company’s stock worth $70,000 after buying an additional 851 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in shares of Alcoa by 21.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 23,671 shares of the industrial products company’s stock worth $722,000 after buying an additional 4,157 shares during the period. Teacher Retirement System of Texas lifted its position in shares of Alcoa by 225.6% during the 1st quarter. Teacher Retirement System of Texas now owns 59,130 shares of the industrial products company’s stock worth $1,803,000 after buying an additional 40,967 shares during the period. Principal Financial Group Inc. lifted its position in shares of Alcoa by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 593,819 shares of the industrial products company’s stock worth $18,111,000 after buying an additional 2,125 shares during the period. Finally, D.A. Davidson & CO. lifted its position in shares of Alcoa by 219.8% during the 1st quarter. D.A. Davidson & CO. now owns 45,348 shares of the industrial products company’s stock worth $1,383,000 after buying an additional 31,169 shares during the period.

Alcoa Stock Down 5.3%

NYSE AA opened at $35.25 on Wednesday. The stock has a fifty day moving average of $34.46 and a 200-day moving average of $30.78. The stock has a market capitalization of $9.13 billion, a P/E ratio of 8.14, a price-to-earnings-growth ratio of 0.22 and a beta of 2.26. Alcoa has a 52 week low of $21.53 and a 52 week high of $47.77. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.91 and a current ratio of 1.56.

Alcoa (NYSE:AA) last released its earnings results on Wednesday, October 22nd. The industrial products company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.13. The company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.03 billion. Alcoa had a return on equity of 15.85% and a net margin of 8.91%.The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the firm earned $0.57 EPS. On average, equities research analysts forecast that Alcoa will post 4.43 EPS for the current year.

Alcoa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Tuesday, November 4th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, November 4th. Alcoa’s dividend payout ratio (DPR) is 9.24%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on AA shares. Bank of America raised their target price on Alcoa from $26.00 to $27.00 and gave the stock an “underperform” rating in a research report on Thursday, July 17th. Morgan Stanley set a $43.50 price target on Alcoa in a report on Friday, October 24th. Citigroup raised Alcoa to a “buy” rating and set a $42.00 price target for the company in a report on Tuesday, July 8th. Weiss Ratings raised Alcoa from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. raised their price target on Alcoa from $34.00 to $35.00 and gave the company a “neutral” rating in a report on Thursday, October 23rd. Seven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $42.35.

Alcoa Company Profile

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.