13,401 Shares in Alcoa $AA Bought by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new stake in shares of Alcoa (NYSE:AA) in the third quarter, HoldingsChannel.com reports. The firm acquired 13,401 shares of the industrial products company’s stock, valued at approximately $441,000.

A number of other institutional investors also recently bought and sold shares of the company. NewEdge Advisors LLC grew its stake in shares of Alcoa by 1,098.0% during the 1st quarter. NewEdge Advisors LLC now owns 11,704 shares of the industrial products company’s stock valued at $357,000 after purchasing an additional 10,727 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Alcoa by 0.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 646,609 shares of the industrial products company’s stock worth $19,722,000 after buying an additional 4,624 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Alcoa by 29.0% during the second quarter. Envestnet Asset Management Inc. now owns 17,487 shares of the industrial products company’s stock valued at $516,000 after buying an additional 3,926 shares during the period. Y Intercept Hong Kong Ltd increased its holdings in Alcoa by 138.8% during the second quarter. Y Intercept Hong Kong Ltd now owns 108,411 shares of the industrial products company’s stock valued at $3,199,000 after buying an additional 63,010 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its holdings in Alcoa by 357.9% during the second quarter. Hantz Financial Services Inc. now owns 2,656 shares of the industrial products company’s stock valued at $78,000 after buying an additional 2,076 shares during the last quarter.

Wall Street Analysts Forecast Growth

AA has been the subject of a number of recent research reports. JPMorgan Chase & Co. reissued an “underweight” rating and set a $50.00 price objective (up from $45.00) on shares of Alcoa in a research report on Thursday, January 8th. Citigroup lifted their target price on Alcoa from $42.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Wall Street Zen upgraded Alcoa from a “hold” rating to a “buy” rating in a research report on Saturday. B. Riley Financial reaffirmed a “buy” rating on shares of Alcoa in a research report on Friday, January 23rd. Finally, Morgan Stanley reiterated an “overweight” rating and set a $52.00 price objective on shares of Alcoa in a research note on Monday, December 15th. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $48.25.

Alcoa Price Performance

Shares of Alcoa stock opened at $61.44 on Wednesday. The company has a market capitalization of $15.91 billion, a price-to-earnings ratio of 13.90 and a beta of 1.91. The company has a quick ratio of 0.87, a current ratio of 1.45 and a debt-to-equity ratio of 0.40. The stock’s 50-day simple moving average is $58.90 and its 200-day simple moving average is $44.05. Alcoa has a 52 week low of $21.53 and a 52 week high of $66.95.

Alcoa (NYSE:AA) last released its earnings results on Thursday, January 22nd. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.31. Alcoa had a return on equity of 16.18% and a net margin of 9.12%.The firm had revenue of ($1,130.00) million during the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter last year, the business posted $1.04 earnings per share. The firm’s revenue was down 1.1% on a year-over-year basis. As a group, analysts expect that Alcoa will post 4.43 earnings per share for the current fiscal year.

About Alcoa

Alcoa Corporation is a global industry leader in the production and management of aluminum, offering an integrated value chain that spans bauxite mining, alumina refining, primary aluminum smelting and the fabrication of value-added products. The company’s operations are organized into segments that include raw material extraction, chemical processing and the manufacture of metal mill products and engineered solutions.

Alcoa’s product portfolio serves diverse end markets such as aerospace, automotive, packaging, construction, electrical and industrial applications.