19,485 Shares in Alcoa $AA Acquired by Eisler Capital Management Ltd.

Eisler Capital Management Ltd. bought a new stake in shares of Alcoa (NYSE:AA) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 19,485 shares of the industrial products company’s stock, valued at approximately $575,000.

A number of other institutional investors also recently made changes to their positions in the stock. Twin Capital Management Inc. lifted its position in shares of Alcoa by 1.8% in the second quarter. Twin Capital Management Inc. now owns 19,137 shares of the industrial products company’s stock valued at $565,000 after acquiring an additional 344 shares in the last quarter. CWM LLC lifted its holdings in Alcoa by 1.9% in the 2nd quarter. CWM LLC now owns 18,628 shares of the industrial products company’s stock valued at $550,000 after purchasing an additional 354 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Alcoa by 0.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 72,800 shares of the industrial products company’s stock worth $2,148,000 after purchasing an additional 400 shares during the last quarter. State of Michigan Retirement System grew its holdings in shares of Alcoa by 0.6% during the second quarter. State of Michigan Retirement System now owns 62,275 shares of the industrial products company’s stock worth $1,838,000 after buying an additional 400 shares in the last quarter. Finally, ProShare Advisors LLC raised its position in shares of Alcoa by 4.3% in the second quarter. ProShare Advisors LLC now owns 11,477 shares of the industrial products company’s stock valued at $339,000 after buying an additional 470 shares during the last quarter.

Alcoa Price Performance

Shares of NYSE AA opened at $38.70 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 1.56 and a debt-to-equity ratio of 0.40. The business has a 50 day moving average price of $35.96 and a two-hundred day moving average price of $31.99. The firm has a market cap of $10.02 billion, a PE ratio of 8.94, a price-to-earnings-growth ratio of 0.20 and a beta of 2.26. Alcoa has a fifty-two week low of $21.53 and a fifty-two week high of $47.77.

Alcoa (NYSE:AA) last posted its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.13. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $3.03 billion. Alcoa had a net margin of 8.91% and a return on equity of 15.85%. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 EPS. Sell-side analysts expect that Alcoa will post 4.43 earnings per share for the current fiscal year.

Alcoa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Tuesday, November 4th were paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, November 4th. This represents a $0.40 annualized dividend and a yield of 1.0%. Alcoa’s dividend payout ratio is presently 9.24%.

Analyst Ratings Changes

AA has been the topic of a number of analyst reports. Morgan Stanley set a $43.50 target price on shares of Alcoa in a research report on Friday, October 24th. BMO Capital Markets lifted their price objective on Alcoa from $35.00 to $37.00 and gave the company a “market perform” rating in a research report on Thursday, October 23rd. B. Riley increased their target price on Alcoa from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. Wells Fargo & Company began coverage on Alcoa in a report on Tuesday, October 7th. They issued an “overweight” rating and a $40.00 price target for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Alcoa in a report on Wednesday, November 19th. Seven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $42.35.

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.