Trexquant Investment LP lifted its position in Alcoa Corp (NYSE:AA) by 103.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 87,865 shares of the industrial products company’s stock after purchasing an additional 44,688 shares during the quarter. Trexquant Investment LP’s holdings in Alcoa were worth $1,890,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in AA. NumerixS Investment Technologies Inc acquired a new position in Alcoa in the 4th quarter worth about $371,000. Advisor Group Inc. raised its holdings in shares of Alcoa by 50.3% during the 4th quarter. Advisor Group Inc. now owns 14,226 shares of the industrial products company’s stock worth $307,000 after acquiring an additional 4,764 shares during the period. Penn Capital Management Co. Inc. purchased a new position in shares of Alcoa during the 4th quarter worth $228,000. Raymond James & Associates boosted its position in shares of Alcoa by 10.5% during the 4th quarter. Raymond James & Associates now owns 19,073 shares of the industrial products company’s stock valued at $410,000 after acquiring an additional 1,815 shares during the last quarter. Finally, Credit Agricole S A boosted its position in shares of Alcoa by 1,847.7% during the 4th quarter. Credit Agricole S A now owns 17,393 shares of the industrial products company’s stock valued at $374,000 after acquiring an additional 16,500 shares during the last quarter.
Shares of NYSE:AA traded down $1.71 during mid-day trading on Thursday, reaching $7.49. 581,635 shares of the company were exchanged, compared to its average volume of 6,724,036. Alcoa Corp has a 1 year low of $8.30 and a 1 year high of $29.73. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.38 and a quick ratio of 0.74. The firm’s 50-day simple moving average is $14.40 and its 200 day simple moving average is $18.91. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of -1.24 and a beta of 1.28.
Alcoa (NYSE:AA) last released its quarterly earnings results on Wednesday, January 15th. The industrial products company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.09). Alcoa had a negative return on equity of 2.81% and a negative net margin of 10.78%. The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter last year, the company earned $0.66 earnings per share. The firm’s revenue for the quarter was down 27.2% on a year-over-year basis. On average, research analysts forecast that Alcoa Corp will post -0.4 earnings per share for the current fiscal year.
Several equities research analysts recently issued reports on AA shares. B. Riley cut their price objective on shares of Alcoa from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Deutsche Bank raised shares of Alcoa from a “hold” rating to a “buy” rating and dropped their price target for the company from $21.50 to $20.50 in a research note on Friday, January 17th. Bank of America raised shares of Alcoa from an “underperform” rating to a “neutral” rating and reduced their price target for the company from $20.00 to $15.00 in a research report on Wednesday, March 4th. Zacks Investment Research cut Alcoa from a “hold” rating to a “sell” rating in a report on Thursday, January 23rd. Finally, ValuEngine lowered Alcoa from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $23.15.
Alcoa Corporation produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Brazil, Canada, and internationally. The company operates through Bauxite, Alumina, and Aluminum segments. It engages in bauxite mining operations; and processes bauxite into alumina and sells bauxite to customers who process it into industrial chemical products.
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