Alcoa Co. (NYSE:AA) Stock Holdings Lifted by Yousif Capital Management LLC

Yousif Capital Management LLC raised its position in shares of Alcoa Co. (NYSE:AA) by 0.7% in the fourth quarter, Holdings Channel reports. The firm owned 87,960 shares of the industrial products company’s stock after buying an additional 574 shares during the period. Yousif Capital Management LLC’s holdings in Alcoa were worth $2,991,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CWM LLC raised its holdings in shares of Alcoa by 39.4% during the 4th quarter. CWM LLC now owns 2,723 shares of the industrial products company’s stock valued at $93,000 after purchasing an additional 769 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in Alcoa by 1.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 26,485 shares of the industrial products company’s stock valued at $900,000 after buying an additional 338 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Alcoa by 4.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 49,367 shares of the industrial products company’s stock worth $1,678,000 after buying an additional 2,190 shares during the last quarter. Bourgeon Capital Management LLC boosted its stake in shares of Alcoa by 100.0% during the 4th quarter. Bourgeon Capital Management LLC now owns 2,000 shares of the industrial products company’s stock worth $68,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Louisiana State Employees Retirement System acquired a new position in shares of Alcoa during the 4th quarter valued at about $1,703,000. 82.39% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Alcoa

In related news, EVP Tammi A. Jones sold 26,468 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $30.78, for a total value of $814,685.04. Following the sale, the executive vice president now owns 41,166 shares of the company’s stock, valued at approximately $1,267,089.48. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.08% of the stock is currently owned by insiders.

Alcoa Stock Up 2.6 %

Shares of AA stock opened at $36.88 on Monday. Alcoa Co. has a one year low of $23.07 and a one year high of $38.20. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.61 and a quick ratio of 0.93. The stock has a fifty day moving average price of $32.06 and a 200 day moving average price of $29.40. The stock has a market cap of $6.62 billion, a P/E ratio of -9.81, a price-to-earnings-growth ratio of 3.78 and a beta of 2.47.

Alcoa (NYSE:AA) last released its quarterly earnings data on Wednesday, April 17th. The industrial products company reported ($0.81) EPS for the quarter, missing analysts’ consensus estimates of ($0.62) by ($0.19). The business had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.55 billion. Alcoa had a negative return on equity of 8.51% and a negative net margin of 6.41%. Alcoa’s revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.23) earnings per share. Analysts predict that Alcoa Co. will post 0.2 earnings per share for the current year.

Alcoa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Tuesday, March 5th were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, March 4th. This represents a $0.40 annualized dividend and a dividend yield of 1.08%. Alcoa’s dividend payout ratio is currently -10.64%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AA. StockNews.com cut Alcoa from a “hold” rating to a “sell” rating in a research report on Friday, April 19th. UBS Group upped their price objective on shares of Alcoa from $27.00 to $32.00 and gave the stock a “sell” rating in a report on Friday, April 19th. B. Riley lifted their target price on shares of Alcoa from $25.00 to $31.00 and gave the stock a “neutral” rating in a report on Thursday, April 18th. Jefferies Financial Group raised their price target on Alcoa from $45.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Finally, JPMorgan Chase & Co. boosted their price objective on Alcoa from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Thursday, January 18th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Alcoa has a consensus rating of “Hold” and an average target price of $33.54.

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.