WINTON GROUP Ltd Trims Position in Alcoa Co. (NYSE:AA)

WINTON GROUP Ltd lowered its position in Alcoa Co. (NYSE:AA) by 19.1% in the second quarter, HoldingsChannel reports. The firm owned 27,906 shares of the industrial products company’s stock after selling 6,583 shares during the period. WINTON GROUP Ltd’s holdings in Alcoa were worth $1,110,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of AA. Spire Wealth Management lifted its stake in shares of Alcoa by 252.5% in the 1st quarter. Spire Wealth Management now owns 899 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 644 shares during the last quarter. Scarborough Advisors LLC purchased a new stake in Alcoa in the 4th quarter valued at about $39,000. Quest Partners LLC acquired a new position in Alcoa in the fourth quarter valued at about $40,000. Quadrant Capital Group LLC boosted its stake in Alcoa by 56.0% during the fourth quarter. Quadrant Capital Group LLC now owns 1,605 shares of the industrial products company’s stock worth $55,000 after buying an additional 576 shares during the period. Finally, Toronto Dominion Bank increased its position in shares of Alcoa by 1,501.9% during the first quarter. Toronto Dominion Bank now owns 1,698 shares of the industrial products company’s stock valued at $57,000 after acquiring an additional 1,592 shares during the last quarter. Hedge funds and other institutional investors own 82.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on AA shares. UBS Group upgraded shares of Alcoa from a “sell” rating to a “buy” rating and upped their price objective for the stock from $32.00 to $38.00 in a report on Monday, August 12th. Wolfe Research upgraded Alcoa from a “peer perform” rating to an “outperform” rating and set a $36.00 price target for the company in a research report on Wednesday, September 4th. StockNews.com raised Alcoa from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th. Bank of America decreased their target price on Alcoa from $46.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, July 18th. Finally, Citigroup lifted their target price on Alcoa from $32.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $39.09.

Alcoa Stock Up 3.7 %

AA stock opened at $32.52 on Monday. The company’s 50 day moving average price is $33.05 and its 200 day moving average price is $35.53. The firm has a market capitalization of $5.84 billion, a price-to-earnings ratio of -8.65 and a beta of 2.42. Alcoa Co. has a fifty-two week low of $23.07 and a fifty-two week high of $45.48. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.55.

Alcoa (NYSE:AA) last announced its quarterly earnings data on Wednesday, July 17th. The industrial products company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.05. Alcoa had a negative net margin of 5.14% and a negative return on equity of 7.29%. The company had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same period in the prior year, the firm posted ($0.35) EPS. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. On average, equities research analysts anticipate that Alcoa Co. will post 0.7 EPS for the current fiscal year.

Alcoa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Monday, August 12th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend was Monday, August 12th. Alcoa’s dividend payout ratio is presently -10.64%.

Alcoa 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.