YHB Investment Advisors Inc. Acquires 447 Shares of Alcoa Co. (NYSE:AA)

YHB Investment Advisors Inc. grew its stake in Alcoa Co. (NYSE:AA) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,810 shares of the industrial products company’s stock after buying an additional 447 shares during the period. YHB Investment Advisors Inc.’s holdings in Alcoa were worth $484,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in AA. Mountaineer Partners Management LLC grew its position in Alcoa by 4,023.0% during the third quarter. Mountaineer Partners Management LLC now owns 10,795,880 shares of the industrial products company’s stock valued at $416,505,000 after acquiring an additional 10,534,036 shares during the last quarter. State Street Corp boosted its stake in shares of Alcoa by 23.3% during the 3rd quarter. State Street Corp now owns 9,563,645 shares of the industrial products company’s stock valued at $368,965,000 after purchasing an additional 1,805,915 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Alcoa by 42.0% during the third quarter. Geode Capital Management LLC now owns 4,193,744 shares of the industrial products company’s stock valued at $161,838,000 after purchasing an additional 1,239,479 shares in the last quarter. ARGA Investment Management LP grew its position in shares of Alcoa by 1.5% in the 3rd quarter. ARGA Investment Management LP now owns 2,313,806 shares of the industrial products company’s stock worth $89,267,000 after buying an additional 34,878 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Alcoa by 32.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,888,590 shares of the industrial products company’s stock valued at $72,862,000 after purchasing an additional 467,986 shares in the last quarter.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AA shares. BMO Capital Markets lifted their price target on Alcoa to $43.00 and gave the stock a “hold” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. lifted their price objective on Alcoa from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. UBS Group upped their target price on shares of Alcoa from $40.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Jefferies Financial Group decreased their price objective on Alcoa from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Finally, Bank of America raised their price objective on shares of Alcoa to $58.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Alcoa has an average rating of “Moderate Buy” and a consensus price target of $46.55.

Alcoa Trading Down 2.4 %

AA stock opened at $34.15 on Wednesday. The firm has a fifty day moving average price of $39.92 and a 200 day moving average price of $37.57. Alcoa Co. has a fifty-two week low of $24.86 and a fifty-two week high of $47.77. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.80 and a current ratio of 1.41. The firm has a market cap of $8.82 billion, a PE ratio of -213.42, a price-to-earnings-growth ratio of 0.16 and a beta of 2.47.

Alcoa (NYSE:AA) last released its earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.13. Alcoa had a return on equity of 5.48% and a net margin of 0.50%. Sell-side analysts anticipate that Alcoa Co. will post 4.27 earnings per share for the current fiscal year.

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.