Two Sigma Advisers LP lessened its holdings in Alcoa Corp (NYSE:AA) by 2.6% in the 4th quarter, HoldingsChannel reports. The firm owned 2,443,775 shares of the industrial products company’s stock after selling 64,567 shares during the quarter. Two Sigma Advisers LP’s holdings in Alcoa were worth $131,646,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. BP PLC grew its stake in Alcoa by 20.0% during the fourth quarter. BP PLC now owns 22,000 shares of the industrial products company’s stock worth $1,185,000 after buying an additional 3,667 shares during the last quarter. Cipher Capital LP bought a new stake in Alcoa during the third quarter worth about $646,000. Rhumbline Advisers grew its stake in shares of Alcoa by 1.8% during the third quarter. Rhumbline Advisers now owns 175,883 shares of the industrial products company’s stock valued at $8,200,000 after purchasing an additional 3,044 shares during the last quarter. Creative Planning grew its stake in shares of Alcoa by 197.7% during the fourth quarter. Creative Planning now owns 18,428 shares of the industrial products company’s stock valued at $993,000 after purchasing an additional 12,238 shares during the last quarter. Finally, Jennison Associates LLC grew its stake in shares of Alcoa by 91.4% during the third quarter. Jennison Associates LLC now owns 605,341 shares of the industrial products company’s stock valued at $28,221,000 after purchasing an additional 289,128 shares during the last quarter.
In other news, COO Tomas Mar Sigurdsson sold 10,000 shares of Alcoa stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $51.37, for a total value of $513,700.00. Following the completion of the transaction, the chief operating officer now owns 46,832 shares of the company’s stock, valued at approximately $2,405,759.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP William F. Oplinger sold 229,475 shares of Alcoa stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $52.86, for a total transaction of $12,130,048.50. Following the completion of the transaction, the vice president now directly owns 108,915 shares of the company’s stock, valued at approximately $5,757,246.90. The disclosure for this sale can be found here.
Alcoa Corp (NYSE AA) traded up $0.50 during trading on Tuesday, reaching $48.36. 1,495,645 shares of the company were exchanged, compared to its average volume of 4,248,305. The company has a market capitalization of $8,910.36, a P/E ratio of 42.05, a P/E/G ratio of 1.56 and a beta of 0.10. Alcoa Corp has a 1-year low of $29.55 and a 1-year high of $57.50. The company has a current ratio of 1.30, a quick ratio of 0.86 and a debt-to-equity ratio of 0.20.
Alcoa (NYSE:AA) last released its earnings results on Wednesday, January 17th. The industrial products company reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.19). The business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.29 billion. Alcoa had a net margin of 1.86% and a return on equity of 7.20%. The firm’s revenue for the quarter was up 25.1% on a year-over-year basis. During the same period last year, the business posted $0.14 EPS. analysts predict that Alcoa Corp will post 3.56 earnings per share for the current fiscal year.
Alcoa Corporation, formerly Alcoa Upstream Corporation, is engaged in the production of bauxite, alumina and aluminum of various cast and rolled products. The Company is engaged in the production and management of aluminum and alumina combined through its participation in various aspects of the industry, such as technology, mining, refining, smelting, and recycling.
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