Alcoa Co. (NYSE:AA) Shares Sold by Trexquant Investment LP

Trexquant Investment LP lessened its holdings in shares of Alcoa Co. (NYSE:AA) by 49.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 135,699 shares of the industrial products company’s stock after selling 130,855 shares during the period. Trexquant Investment LP owned approximately 0.05% of Alcoa worth $5,127,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AA. Norges Bank acquired a new position in shares of Alcoa during the 4th quarter worth $259,273,000. State Street Corp increased its holdings in Alcoa by 23.3% in the third quarter. State Street Corp now owns 9,563,645 shares of the industrial products company’s stock valued at $368,965,000 after buying an additional 1,805,915 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Alcoa by 42.0% during 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 acquiring an additional 1,239,479 shares during the period. ARGA Investment Management LP boosted its stake in shares of Alcoa by 29.6% during the 4th quarter. ARGA Investment Management LP now owns 2,998,311 shares of the industrial products company’s stock worth $113,276,000 after acquiring an additional 684,505 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Alcoa by 488.2% in the 4th quarter. Wellington Management Group LLP now owns 802,547 shares of the industrial products company’s stock worth $30,320,000 after acquiring an additional 666,117 shares during the period. Hedge funds and other institutional investors own 82.39% of the company’s stock.

Alcoa Price Performance

Shares of NYSE:AA opened at $24.79 on Friday. The company has a market cap of $6.42 billion, a P/E ratio of -154.96, a P/E/G ratio of 0.19 and a beta of 2.28. The business has a fifty day simple moving average of $33.79 and a 200-day simple moving average of $38.00. Alcoa Co. has a 52 week low of $23.62 and a 52 week high of $47.77. The company has a quick ratio of 0.86, a current ratio of 1.45 and a debt-to-equity ratio of 0.48.

Alcoa (NYSE:AA) last posted its quarterly earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.91 by $0.13. Alcoa had a return on equity of 5.54% and a net margin of 0.50%. Equities research analysts forecast that Alcoa Co. will post 4.43 EPS for the current year.

Alcoa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 4th were issued a $0.10 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.61%. Alcoa’s dividend payout ratio (DPR) is presently -250.00%.

Analyst Ratings Changes

A number of analysts have commented on the company. HC Wainwright boosted their target price on Alcoa to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, March 11th. B. Riley raised shares of Alcoa to a “strong-buy” rating in a research note on Tuesday, January 21st. BMO Capital Markets lifted their target price on shares of Alcoa to $43.00 and gave the stock a “hold” rating in a research report on Friday, January 17th. Bank of America increased their price target on shares of Alcoa to $58.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Finally, JPMorgan Chase & Co. lifted their price objective on Alcoa from $38.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Alcoa has an average rating of “Moderate Buy” and a consensus price target of $49.92.

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.