Alcoa Corp (AA) Shares Bought by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC raised its stake in Alcoa Corp (NYSE:AA) by 7.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 591,318 shares of the industrial products company’s stock after buying an additional 39,132 shares during the period. TIAA CREF Investment Management LLC owned about 0.32% of Alcoa worth $31,854,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of AA. Nationwide Fund Advisors increased its holdings in shares of Alcoa by 29.9% in the 3rd quarter. Nationwide Fund Advisors now owns 225,931 shares of the industrial products company’s stock worth $10,533,000 after buying an additional 52,011 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of Alcoa by 1.6% in the 3rd quarter. New York State Common Retirement Fund now owns 410,440 shares of the industrial products company’s stock worth $19,135,000 after buying an additional 6,500 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Alcoa by 1.8% in the 3rd quarter. Rhumbline Advisers now owns 175,883 shares of the industrial products company’s stock worth $8,200,000 after buying an additional 3,044 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Alcoa by 42.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,359,442 shares of the industrial products company’s stock worth $63,376,000 after buying an additional 406,284 shares during the last quarter. Finally, Comerica Bank increased its holdings in shares of Alcoa by 11.7% in the 3rd quarter. Comerica Bank now owns 22,468 shares of the industrial products company’s stock worth $1,065,000 after buying an additional 2,346 shares during the last quarter.

How to Become a New Pot Stock Millionaire

In other Alcoa news, VP William F. Oplinger sold 229,475 shares of the firm’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $52.86, for a total value of $12,130,048.50. Following the sale, the vice president now owns 108,915 shares of the company’s stock, valued at approximately $5,757,246.90. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Tomas Mar Sigurdsson sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $51.37, for a total transaction of $513,700.00. Following the completion of the sale, the chief operating officer now directly owns 46,832 shares of the company’s stock, valued at $2,405,759.84. The disclosure for this sale can be found here.

Shares of Alcoa stock opened at $44.71 on Friday. The stock has a market cap of $8,323.93, a price-to-earnings ratio of 38.88, a price-to-earnings-growth ratio of 1.46 and a beta of 0.10. Alcoa Corp has a twelve month low of $29.55 and a twelve month high of $57.50. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.30 and a quick ratio of 0.86.

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

Several research firms recently commented on AA. BMO Capital Markets reaffirmed a “buy” rating and set a $65.00 target price on shares of Alcoa in a report on Friday, December 22nd. ValuEngine raised shares of Alcoa from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Cowen reaffirmed a “market perform” rating and set a $59.00 target price (up previously from $51.00) on shares of Alcoa in a report on Thursday, January 18th. JPMorgan Chase & Co. increased their target price on shares of Alcoa to $68.00 and gave the company an “overweight” rating in a report on Thursday, January 18th. Finally, Credit Suisse Group raised shares of Alcoa from a “neutral” rating to an “outperform” rating and increased their target price for the company from $42.00 to $61.00 in a report on Wednesday, December 20th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Alcoa has a consensus rating of “Buy” and a consensus target price of $58.64.

TRADEMARK VIOLATION NOTICE: “Alcoa Corp (AA) Shares Bought by TIAA CREF Investment Management LLC” was originally published by Ticker Report and is the property of of Ticker Report. If you are viewing this report on another site, it was stolen and republished in violation of U.S. & international copyright & trademark law. The original version of this report can be read at https://www.tickerreport.com/banking-finance/3299729/alcoa-corp-aa-shares-bought-by-tiaa-cref-investment-management-llc.html.

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.

Institutional Ownership by Quarter for Alcoa (NYSE:AA)

Receive News & Ratings for Alcoa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alcoa and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Litecoin Cash Trading Up 34.3% This Week
Litecoin Cash Trading Up 34.3% This Week
Citrix Systems  Announces Quarterly  Earnings Results
Citrix Systems Announces Quarterly Earnings Results
Coeur Mining  Releases  Earnings Results, Beats Estimates By $0.02 EPS
Coeur Mining Releases Earnings Results, Beats Estimates By $0.02 EPS
Knoll  Posts Quarterly  Earnings Results, Beats Estimates By $0.02 EPS
Knoll Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS
Aspen Technology  Releases Q4 Earnings Guidance
Aspen Technology Releases Q4 Earnings Guidance
Mineum  Achieves Market Cap of $283,900.00
Mineum Achieves Market Cap of $283,900.00


© 2006-2018 Ticker Report. Google+.