Strs Ohio Sells 28,937 Shares of Alcoa $AA

Strs Ohio decreased its holdings in shares of Alcoa (NYSE:AA) by 82.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,179 shares of the industrial products company’s stock after selling 28,937 shares during the quarter. Strs Ohio’s holdings in Alcoa were worth $203,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new position in Alcoa during the third quarter valued at approximately $29,000. IFP Advisors Inc boosted its holdings in Alcoa by 1,096.0% during the second quarter. IFP Advisors Inc now owns 897 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 822 shares during the period. Horrell Capital Management Inc. bought a new stake in Alcoa during the second quarter valued at about $30,000. Heartwood Wealth Advisors LLC acquired a new stake in shares of Alcoa in the third quarter valued at about $53,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Alcoa by 173.8% in the second quarter. EverSource Wealth Advisors LLC now owns 2,040 shares of the industrial products company’s stock worth $60,000 after purchasing an additional 1,295 shares during the period.

Wall Street Analyst Weigh In

A number of analysts have issued reports on AA shares. UBS Group raised their target price on Alcoa from $42.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Wells Fargo & Company lowered their price objective on shares of Alcoa from $71.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Friday, January 23rd. Zacks Research upgraded shares of Alcoa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 25th. B. Riley restated a “buy” rating on shares of Alcoa in a research report on Friday, January 23rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Alcoa in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $48.25.

Alcoa Stock Up 2.4%

AA opened at $58.17 on Tuesday. The company has a market capitalization of $15.06 billion, a P/E ratio of 13.16 and a beta of 1.91. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.45 and a quick ratio of 0.87. The firm’s fifty day moving average price is $53.62 and its two-hundred day moving average price is $40.71. Alcoa has a fifty-two week low of $21.53 and a fifty-two week high of $66.95.

Alcoa (NYSE:AA) last released its quarterly earnings data on Thursday, January 22nd. The industrial products company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.31. Alcoa had a net margin of 9.12% and a return on equity of 16.18%. The company had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same period last year, the firm earned $1.04 EPS. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, analysts anticipate that Alcoa will post 4.43 EPS for the current year.

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.