Rheos Capital Works Inc. Makes New $2 Million Investment in Alcoa Co. (NYSE:AA)

Rheos Capital Works Inc. acquired a new stake in Alcoa Co. (NYSE:AA) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 53,000 shares of the industrial products company’s stock, valued at approximately $2,002,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mountaineer Partners Management LLC boosted its holdings in shares of 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 worth $416,505,000 after acquiring an additional 10,534,036 shares during the period. State Street Corp lifted its holdings in Alcoa by 23.3% during the 3rd quarter. State Street Corp now owns 9,563,645 shares of the industrial products company’s stock worth $368,965,000 after purchasing an additional 1,805,915 shares during the last quarter. Paloma Partners Management Co boosted its stake in Alcoa by 11,317.8% in the 3rd quarter. Paloma Partners Management Co now owns 1,427,799 shares of the industrial products company’s stock valued at $55,084,000 after purchasing an additional 1,415,294 shares during the period. Geode Capital Management LLC grew its holdings in Alcoa by 42.0% in the 3rd quarter. Geode Capital Management LLC now owns 4,193,744 shares of the industrial products company’s stock valued at $161,838,000 after buying an additional 1,239,479 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. bought a new position in Alcoa during the 3rd quarter worth $36,165,000.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AA. Bank of America boosted their target price on shares of Alcoa to $58.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Morgan Stanley cut their target price on Alcoa from $55.00 to $51.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. BMO Capital Markets raised 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. increased their price objective on shares of Alcoa from $38.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Finally, StockNews.com upgraded shares of Alcoa from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Alcoa currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.55.

Alcoa Price Performance

AA stock opened at $35.36 on Monday. Alcoa Co. has a 1 year low of $24.86 and a 1 year high of $47.77. The company has a current ratio of 1.45, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48. The company has a 50 day simple moving average of $39.29 and a 200 day simple moving average of $37.51.

Alcoa (NYSE:AA) last announced its quarterly earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.13. Alcoa had a return on equity of 5.54% and a net margin of 0.50%. On average, analysts anticipate that Alcoa Co. will post 4.43 EPS 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.