New Age Alpha Advisors LLC Lowers Stock Holdings in Alcoa $AA

New Age Alpha Advisors LLC decreased its position in shares of Alcoa (NYSE:AA) by 36.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 142,783 shares of the industrial products company’s stock after selling 81,100 shares during the period. New Age Alpha Advisors LLC owned approximately 0.06% of Alcoa worth $7,587,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Mirabella Financial Services LLP increased its holdings in shares of Alcoa by 12,233.1% in the third quarter. Mirabella Financial Services LLP now owns 40,082,462 shares of the industrial products company’s stock worth $1,318,312,000 after buying an additional 39,757,462 shares during the period. State Street Corp increased its holdings in shares of Alcoa by 6.7% in the third quarter. State Street Corp now owns 11,458,529 shares of the industrial products company’s stock worth $376,871,000 after buying an additional 721,063 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Alcoa by 13.5% in the third quarter. Dimensional Fund Advisors LP now owns 11,118,560 shares of the industrial products company’s stock worth $365,710,000 after buying an additional 1,322,540 shares during the period. L1 Capital Pty Ltd increased its holdings in shares of Alcoa by 22.3% in the third quarter. L1 Capital Pty Ltd now owns 5,887,699 shares of the industrial products company’s stock worth $193,646,000 after buying an additional 1,073,357 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Alcoa by 0.3% in the third quarter. Northern Trust Corp now owns 2,125,572 shares of the industrial products company’s stock worth $69,910,000 after buying an additional 6,558 shares during the period.

Alcoa Stock Up 0.1%

NYSE AA opened at $71.43 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.48 and a quick ratio of 0.88. The stock has a market capitalization of $18.85 billion, a PE ratio of 18.08 and a beta of 1.51. Alcoa has a 1 year low of $25.83 and a 1 year high of $75.70. The business’s 50-day moving average is $65.74 and its 200 day moving average is $57.57.

Alcoa (NYSE:AA) last posted its earnings results on Thursday, April 16th. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($0.20). The business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.35 billion. Alcoa had a return on equity of 12.57% and a net margin of 8.27%.The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.15 earnings per share. Sell-side analysts forecast that Alcoa will post 7.95 earnings per share for the current year.

Alcoa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Tuesday, May 19th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $0.40 annualized dividend and a dividend yield of 0.6%. Alcoa’s dividend payout ratio (DPR) is presently 10.13%.

Analyst Ratings Changes

AA has been the topic of several analyst reports. Citigroup lifted their price objective on Alcoa from $54.00 to $76.00 and gave the stock a “buy” rating in a report on Monday, March 16th. Morgan Stanley upgraded Alcoa from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $64.00 to $80.00 in a report on Thursday, April 9th. BMO Capital Markets lifted their price objective on Alcoa from $65.00 to $75.00 and gave the stock a “market perform” rating in a report on Thursday, April 9th. Wall Street Zen downgraded Alcoa from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings raised Alcoa from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $68.60.

Alcoa Profile

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.