Alcoa Corp (AA) Shares Bought by Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp

Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its position in Alcoa Corp (NYSE:AA) by 10.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,100 shares of the industrial products company’s stock after purchasing an additional 6,900 shares during the quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in Alcoa were worth $4,046,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Alcoa by 4.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 27,479 shares of the industrial products company’s stock worth $1,482,000 after acquiring an additional 1,072 shares in the last quarter. Convergence Investment Partners LLC grew its stake in shares of Alcoa by 2.4% in the fourth quarter. Convergence Investment Partners LLC now owns 47,722 shares of the industrial products company’s stock worth $2,571,000 after acquiring an additional 1,140 shares in the last quarter. First Allied Advisory Services Inc. grew its stake in shares of Alcoa by 25.9% in the fourth quarter. First Allied Advisory Services Inc. now owns 5,684 shares of the industrial products company’s stock worth $307,000 after acquiring an additional 1,171 shares in the last quarter. Public Employees Retirement Association of Colorado grew its stake in shares of Alcoa by 3.9% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 31,570 shares of the industrial products company’s stock worth $1,701,000 after acquiring an additional 1,178 shares in the last quarter. Finally, Bollard Group LLC grew its stake in shares of Alcoa by 28.6% in the fourth quarter. Bollard Group LLC now owns 5,398 shares of the industrial products company’s stock worth $291,000 after acquiring an additional 1,200 shares in the last quarter.

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In other Alcoa news, VP William F. Oplinger sold 229,475 shares of the company’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 completion of the transaction, the vice president now owns 108,915 shares in the company, valued at $5,757,246.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Tomas Mar Sigurdsson sold 10,000 shares of the company’s 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 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.

Alcoa Corp (NYSE:AA) opened at $44.71 on Monday. The company has a quick ratio of 0.86, a current ratio of 1.30 and a debt-to-equity ratio of 0.20. Alcoa Corp has a 12 month low of $29.55 and a 12 month high of $57.50. The stock has a market cap of $8,323.91, a price-to-earnings ratio of 14.85, a price-to-earnings-growth ratio of 1.46 and a beta of 0.10.

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

A number of equities analysts recently commented on AA shares. Citigroup boosted their target price on shares of Alcoa to $65.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. Zacks Investment Research upgraded shares of Alcoa from a “hold” rating to a “strong-buy” rating and set a $61.00 target price for the company in a research note on Monday, January 22nd. JPMorgan Chase & Co. boosted their target price on shares of Alcoa to $68.00 and gave the stock an “overweight” rating in a research note on Thursday, January 18th. ValuEngine upgraded shares of Alcoa from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Cowen reiterated a “market perform” rating and set a $59.00 target price (up previously from $51.00) on shares of Alcoa in a research note on Thursday, January 18th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $58.64.

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Alcoa Company Profile

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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