Alcoa Corp (AA) Shares Sold by SignalPoint Asset Management LLC

SignalPoint Asset Management LLC decreased its holdings in Alcoa Corp (NYSE:AA) by 14.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,472 shares of the industrial products company’s stock after selling 2,052 shares during the quarter. SignalPoint Asset Management LLC’s holdings in Alcoa were worth $504,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of AA. Northpointe Capital LLC raised its position in shares of Alcoa by 2.0% during the second quarter. Northpointe Capital LLC now owns 64,042 shares of the industrial products company’s stock worth $3,002,000 after acquiring an additional 1,254 shares during the last quarter. United Services Automobile Association raised its position in shares of Alcoa by 5.2% during the second quarter. United Services Automobile Association now owns 28,591 shares of the industrial products company’s stock worth $1,340,000 after acquiring an additional 1,402 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Alcoa by 10.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,411 shares of the industrial products company’s stock worth $722,000 after acquiring an additional 1,435 shares during the last quarter. Banco de Sabadell S.A raised its position in shares of Alcoa by 24.1% during the second quarter. Banco de Sabadell S.A now owns 8,999 shares of the industrial products company’s stock worth $420,000 after acquiring an additional 1,749 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of Alcoa by 104.6% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 3,931 shares of the industrial products company’s stock worth $159,000 after acquiring an additional 2,010 shares during the last quarter.

NYSE:AA traded up $1.42 on Wednesday, reaching $35.57. The company’s stock had a trading volume of 24,858 shares, compared to its average volume of 5,325,841. Alcoa Corp has a 1-year low of $33.08 and a 1-year high of $62.35. The company has a current ratio of 1.42, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The stock has a market cap of $6.39 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 1.02 and a beta of -0.10.



Alcoa (NYSE:AA) last posted its earnings results on Wednesday, October 17th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.27. Alcoa had a positive return on equity of 10.43% and a negative net margin of 0.09%. The firm had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same period in the previous year, the firm earned $0.72 earnings per share. The company’s revenue was up 14.4% on a year-over-year basis. Sell-side analysts forecast that Alcoa Corp will post 3.72 earnings per share for the current year.

Alcoa declared that its board has initiated a share repurchase plan on Wednesday, October 17th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the industrial products company to purchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

AA has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on Alcoa to $79.00 and gave the stock an “overweight” rating in a research note on Thursday, October 18th. Zacks Investment Research cut Alcoa from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 4th. Credit Suisse Group decreased their price objective on Alcoa from $65.00 to $58.00 and set an “outperform” rating for the company in a research note on Tuesday, September 25th. Berenberg Bank initiated coverage on Alcoa in a research note on Friday, September 21st. They set a “buy” rating and a $54.00 price objective for the company. Finally, B. Riley raised Alcoa from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $48.00 to $50.00 in a research note on Wednesday, September 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $61.67.

Alcoa Company Profile

Alcoa Corporation produces and sells bauxite, alumina, and aluminum products. The company offers aluminum sheets for the production of cans for beverage and food. It also engages in the aluminum smelting, casting, and rolling businesses; and generation and sale of renewable energy, as well as provision of ancillary services.

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Institutional Ownership by Quarter for Alcoa (NYSE:AA)

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