Rhumbline Advisers Purchases 11,094 Shares of Alcoa Co. (NYSE:AA)

Rhumbline Advisers raised its position in shares of Alcoa Co. (NYSE:AA) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 688,784 shares of the industrial products company’s stock after purchasing an additional 11,094 shares during the period. Rhumbline Advisers’ holdings in Alcoa were worth $26,022,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of AA. Exchange Traded Concepts LLC raised its position in Alcoa by 42.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 3,090 shares of the industrial products company’s stock valued at $119,000 after purchasing an additional 928 shares in the last quarter. Creative Planning raised its position in shares of Alcoa by 33.4% in the 3rd quarter. Creative Planning now owns 31,817 shares of the industrial products company’s stock worth $1,227,000 after acquiring an additional 7,964 shares in the last quarter. Blue Trust Inc. raised its position in shares of Alcoa by 12.0% in the 3rd quarter. Blue Trust Inc. now owns 3,222 shares of the industrial products company’s stock worth $128,000 after acquiring an additional 344 shares in the last quarter. Signaturefd LLC raised its position in shares of Alcoa by 39.5% in the 3rd quarter. Signaturefd LLC now owns 3,826 shares of the industrial products company’s stock worth $148,000 after acquiring an additional 1,083 shares in the last quarter. Finally, Private Advisor Group LLC raised its position in shares of Alcoa by 65.5% in the 3rd quarter. Private Advisor Group LLC now owns 15,366 shares of the industrial products company’s stock worth $593,000 after acquiring an additional 6,083 shares in the last quarter.

Alcoa Stock Down 2.2 %

Alcoa stock opened at $36.18 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.45. The business’s 50-day simple moving average is $37.07 and its two-hundred day simple moving average is $37.77. The company has a market cap of $9.35 billion, a PE ratio of -226.14, a PEG ratio of 0.20 and a beta of 2.43. Alcoa Co. has a fifty-two week low of $24.86 and a fifty-two week high of $47.77.

Alcoa (NYSE:AA) last posted its quarterly earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.13. Alcoa had a return on equity of 5.54% and a net margin of 0.50%. Equities analysts anticipate that Alcoa Co. will post 4.43 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on AA shares. BMO Capital Markets boosted their price target on Alcoa to $43.00 and gave the stock a “hold” rating in a research report on Friday, January 17th. Morgan Stanley reduced their price target on Alcoa from $55.00 to $51.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Argus raised Alcoa from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research report on Wednesday, October 23rd. Jefferies Financial Group reduced their price target on Alcoa from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. boosted their target price on Alcoa from $38.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $46.55.

About Alcoa

Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Iceland, Norway, Brazil, Canada, and internationally. The company operates through two segments, Alumina and Aluminum. It engages in bauxite mining operations; and processes bauxite into alumina and sells it to customers who process it into industrial chemical products, as well as aluminum smelting and casting businesses.