Schonfeld Strategic Advisors LLC Acquires 141,444 Shares of Alcoa Co. (NYSE:AA)

Schonfeld Strategic Advisors LLC raised its stake in shares of Alcoa Co. (NYSE:AA) by 219.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 205,795 shares of the industrial products company’s stock after buying an additional 141,444 shares during the period. Schonfeld Strategic Advisors LLC owned 0.08% of Alcoa worth $7,775,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Retirement Systems of Alabama lifted its holdings in Alcoa by 41.6% in the 3rd quarter. Retirement Systems of Alabama now owns 313,822 shares of the industrial products company’s stock worth $12,107,000 after purchasing an additional 92,201 shares during the last quarter. HB Wealth Management LLC acquired a new stake in shares of Alcoa in the fourth quarter worth $211,000. Union Bancaire Privee UBP SA bought a new stake in shares of Alcoa during the 4th quarter worth $454,000. Ausbil Investment Management Ltd acquired a new position in Alcoa in the 4th quarter valued at $429,000. Finally, Fiduciary Alliance LLC bought a new position in Alcoa in the 4th quarter worth $1,147,000. Institutional investors and hedge funds own 82.39% of the company’s stock.

Alcoa Trading Down 0.3 %

AA stock opened at $24.46 on Friday. The stock has a market cap of $6.33 billion, a price-to-earnings ratio of -152.89, a price-to-earnings-growth ratio of 0.19 and a beta of 2.28. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.45 and a quick ratio of 0.86. Alcoa Co. has a one year low of $21.53 and a one year high of $47.77. The company has a fifty day moving average price of $29.05 and a two-hundred day moving average price of $36.06.

Alcoa (NYSE:AA) last posted its quarterly earnings data on Wednesday, April 16th. The industrial products company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.42. The firm had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $3.58 billion. Alcoa had a return on equity of 5.54% and a net margin of 0.50%. Equities analysts anticipate that Alcoa Co. will post 4.43 EPS for the current year.

Alcoa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Tuesday, March 4th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, March 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.64%. Alcoa’s payout ratio is 12.05%.

Analysts Set New Price Targets

A number of research firms have recently commented on AA. B. Riley dropped their price objective on Alcoa from $44.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Q1 EBITDA beat expectations, Q2 EBITDA estimate raised to 439M from 351M Jefferies Financial Group cut their price target on Alcoa from $50.00 to $45.00 and set a “buy” rating for the company in a report on Monday, January 6th. UBS Group lowered their price objective on shares of Alcoa from $47.00 to $32.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. Bank of America reaffirmed an “underperform” rating and set a $26.00 target price (down previously from $58.00) on shares of Alcoa in a research report on Tuesday, April 8th. Finally, BMO Capital Markets raised their price target on shares of Alcoa to $43.00 and gave the stock a “hold” rating in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $44.17.

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.