Nomura Holdings Inc. lifted its stake in Alcoa Corp (NYSE:AA) by 182.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,257 shares of the industrial products company’s stock after buying an additional 142,486 shares during the period. Nomura Holdings Inc.’s holdings in Alcoa were worth $3,013,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Northpointe Capital LLC lifted its stake in shares of Alcoa by 2.0% in the 2nd quarter. Northpointe Capital LLC now owns 64,042 shares of the industrial products company’s stock worth $3,002,000 after acquiring an additional 1,254 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Alcoa by 10.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,411 shares of the industrial products company’s stock valued at $722,000 after purchasing an additional 1,435 shares during the period. Beck Capital Management LLC lifted its stake in shares of Alcoa by 5.0% in the first quarter. Beck Capital Management LLC now owns 34,179 shares of the industrial products company’s stock valued at $1,537,000 after purchasing an additional 1,634 shares during the period. Banco de Sabadell S.A lifted its stake in shares of Alcoa by 24.1% in the second quarter. Banco de Sabadell S.A now owns 8,999 shares of the industrial products company’s stock valued at $420,000 after purchasing an additional 1,749 shares during the period. Finally, WINTON GROUP Ltd lifted its stake in shares of Alcoa by 0.8% in the first quarter. WINTON GROUP Ltd now owns 215,606 shares of the industrial products company’s stock valued at $9,694,000 after purchasing an additional 1,794 shares during the period.
Several equities analysts have weighed in on AA shares. Zacks Investment Research downgraded shares of Alcoa from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 4th. Credit Suisse Group lowered their price target on shares of Alcoa from $65.00 to $58.00 and set an “outperform” rating for the company in a report on Tuesday, September 25th. Berenberg Bank began coverage on shares of Alcoa in a report on Friday, September 21st. They issued a “buy” rating and a $54.00 target price for the company. B. Riley upgraded shares of Alcoa from a “neutral” rating to a “buy” rating and boosted their target price for the company from $48.00 to $50.00 in a report on Wednesday, September 12th. Finally, ValuEngine downgraded shares of Alcoa from a “hold” rating to a “sell” rating in a report on Thursday, September 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $61.13.
Shares of NYSE AA remained flat at $$35.67 during trading on Friday. 2,848,051 shares of the stock were exchanged, compared to its average volume of 4,084,429. Alcoa Corp has a twelve month low of $35.13 and a twelve month high of $62.35. The company has a current ratio of 1.42, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $7.53 billion, a PE ratio of 11.85, a P/E/G ratio of 2.11 and a beta of -0.08.
Alcoa (NYSE:AA) last posted its quarterly earnings results on Wednesday, July 18th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.19. The firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.49 billion. Alcoa had a net margin of 1.11% and a return on equity of 10.30%. The firm’s quarterly revenue was up 25.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.62 earnings per share. On average, equities analysts forecast that Alcoa Corp will post 4.22 earnings per share for the current fiscal year.
Alcoa Company Profile
Alcoa Corporation produces and sells bauxite, alumina, and aluminum products. The company offers aluminum sheets for the production of cans for beverage and food. It also engages in the aluminum smelting, casting, and rolling businesses; and generation and sale of renewable energy, as well as provision of ancillary services.
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