Clal Insurance Enterprises Holdings Ltd Purchases 2,500 Shares of Alcoa Corp (AA)

Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Alcoa Corp (NYSE:AA) by 11.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,000 shares of the industrial products company’s stock after acquiring an additional 2,500 shares during the quarter. Clal Insurance Enterprises Holdings Ltd’s holdings in Alcoa were worth $665,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. We Are One Seven LLC acquired a new stake in shares of Alcoa during the fourth quarter worth $35,000. Financial Architects Inc grew its stake in shares of Alcoa by 2,970.3% during the fourth quarter. Financial Architects Inc now owns 3,101 shares of the industrial products company’s stock worth $82,000 after purchasing an additional 3,000 shares during the period. IMS Capital Management acquired a new stake in shares of Alcoa during the third quarter worth $87,000. Cerebellum GP LLC grew its stake in shares of Alcoa by 8.1% during the fourth quarter. Cerebellum GP LLC now owns 4,798 shares of the industrial products company’s stock worth $128,000 after purchasing an additional 361 shares during the period. Finally, Point72 Hong Kong Ltd grew its stake in shares of Alcoa by 414.8% during the third quarter. Point72 Hong Kong Ltd now owns 5,112 shares of the industrial products company’s stock worth $207,000 after purchasing an additional 4,119 shares during the period.

NYSE:AA opened at $27.89 on Friday. Alcoa Corp has a 1 year low of $25.01 and a 1 year high of $62.35. The company has a quick ratio of 0.85, a current ratio of 1.42 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $5.19 billion, a price-to-earnings ratio of 7.79, a price-to-earnings-growth ratio of 3.74 and a beta of 1.14.



Alcoa (NYSE:AA) last posted its earnings results on Wednesday, January 16th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.16. Alcoa had a return on equity of 9.21% and a net margin of 1.69%. The firm had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.31 billion. During the same period in the previous year, the firm earned $1.04 earnings per share. The company’s revenue was up 5.4% on a year-over-year basis. As a group, equities research analysts anticipate that Alcoa Corp will post 1.89 earnings per share for the current year.

A number of equities research analysts recently commented on AA shares. Berenberg Bank set a $42.00 price objective on Alcoa and gave the stock a “buy” rating in a research note on Monday, January 14th. Goldman Sachs Group raised Alcoa from a “neutral” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Monday, January 14th. BMO Capital Markets set a $45.00 price objective on Alcoa and gave the stock a “buy” rating in a research note on Thursday, December 20th. B. Riley reaffirmed a “buy” rating and set a $49.00 price objective (down from $50.00) on shares of Alcoa in a research note on Thursday, December 20th. Finally, ValuEngine raised Alcoa from a “sell” rating to a “hold” rating in a research note on Thursday, January 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $53.27.

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About Alcoa

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; processes bauxite into alumina and sells bauxite to customers who process it into industrial chemical products.

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Institutional Ownership by Quarter for Alcoa (NYSE:AA)

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