Advisor Group Inc. Acquires 10,535 Shares of Alcoa Corp (AA)

Advisor Group Inc. grew its holdings in Alcoa Corp (NYSE:AA) by 153.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 17,419 shares of the industrial products company’s stock after buying an additional 10,535 shares during the quarter. Advisor Group Inc.’s holdings in Alcoa were worth $938,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Orbis Allan Gray Ltd raised its position in shares of Alcoa by 0.9% in the fourth quarter. Orbis Allan Gray Ltd now owns 1,981,510 shares of the industrial products company’s stock valued at $106,744,000 after buying an additional 17,759 shares during the last quarter. Quantitative Investment Management LLC acquired a new stake in Alcoa during the fourth quarter worth about $3,889,000. AMP Capital Investors Ltd increased its position in Alcoa by 277.3% during the fourth quarter. AMP Capital Investors Ltd now owns 47,810 shares of the industrial products company’s stock worth $2,576,000 after purchasing an additional 35,137 shares during the last quarter. Thrivent Financial For Lutherans acquired a new stake in Alcoa during the fourth quarter worth about $1,184,000. Finally, Profund Advisors LLC increased its position in Alcoa by 95.9% during the fourth quarter. Profund Advisors LLC now owns 15,471 shares of the industrial products company’s stock worth $833,000 after purchasing an additional 7,573 shares during the last quarter.

Alcoa stock opened at $44.71 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.86 and a current ratio of 1.30. The firm has a market cap of $8,363.01, a PE ratio of 38.88, a price-to-earnings-growth ratio of 1.46 and a beta of 0.10. Alcoa Corp has a 12 month low of $29.55 and a 12 month high of $57.50.

Alcoa (NYSE:AA) last announced its earnings results on Wednesday, January 17th. The industrial products company reported $1.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.19). The company had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.29 billion. Alcoa had a return on equity of 7.20% and a net margin of 1.86%. The company’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same period last year, the business earned $0.14 EPS. equities analysts forecast that Alcoa Corp will post 3.56 EPS for the current year.

In other Alcoa news, COO Tomas Mar Sigurdsson sold 10,000 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $51.37, for a total transaction 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 $2,405,759.84. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP William F. Oplinger sold 229,475 shares of the stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $52.86, for a total transaction of $12,130,048.50. Following 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.

Several equities research analysts recently issued reports on AA shares. Credit Suisse Group upgraded shares of Alcoa from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $42.00 to $61.00 in a research report on Wednesday, December 20th. Citigroup set a $55.00 price objective on shares of Alcoa and gave the stock a “buy” rating in a research report on Wednesday, November 29th. Zacks Investment Research upgraded shares of Alcoa from a “hold” rating to a “strong-buy” rating and set a $61.00 price objective for the company in a research report on Monday, January 22nd. BMO Capital Markets restated a “buy” rating and set a $65.00 price objective on shares of Alcoa in a research report on Friday, December 22nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Alcoa from $68.00 to $71.00 and gave the stock an “overweight” rating in a research report on Monday, February 5th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Alcoa currently has a consensus rating of “Buy” and an average price target of $58.64.

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About Alcoa

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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Institutional Ownership by Quarter for Alcoa (NYSE:AA)

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