Ballentine Partners LLC Raises Stock Position in Alcoa Co. (NYSE:AA)

Ballentine Partners LLC lifted its stake in Alcoa Co. (NYSE:AA) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,973 shares of the industrial products company’s stock after purchasing an additional 279 shares during the period. Ballentine Partners LLC’s holdings in Alcoa were worth $339,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Newbridge Financial Services Group Inc. bought a new position in Alcoa in the second quarter worth $27,000. UMB Bank n.a. grew its position in shares of Alcoa by 481.7% in the 3rd quarter. UMB Bank n.a. now owns 762 shares of the industrial products company’s stock worth $29,000 after buying an additional 631 shares during the period. Quarry LP bought a new position in shares of Alcoa in the 3rd quarter worth about $43,000. Continuum Advisory LLC lifted its position in Alcoa by 1,945.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,125 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 1,070 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Alcoa by 399.0% during the fourth quarter. GAMMA Investing LLC now owns 1,447 shares of the industrial products company’s stock worth $55,000 after acquiring an additional 1,157 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Bank of America raised their target price on shares of Alcoa to $58.00 and gave the company a “buy” rating in a research note on Friday. B. Riley upgraded Alcoa from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $41.00 to $50.00 in a research note on Thursday, October 17th. Jefferies Financial Group cut their target price on Alcoa from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. StockNews.com raised Alcoa from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Finally, Argus raised shares of Alcoa from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $46.36.

Alcoa Stock Down 0.1 %

AA opened at $37.33 on Friday. The stock has a market capitalization of $9.64 billion, a price-to-earnings ratio of -233.28, a PEG ratio of 0.16 and a beta of 2.47. The firm has a 50 day moving average price of $40.33 and a 200-day moving average price of $37.66. Alcoa Co. has a twelve month low of $24.86 and a twelve month high of $47.77. The company has a quick ratio of 0.80, a current ratio of 1.41 and a debt-to-equity ratio of 0.47.

Alcoa (NYSE:AA) last announced its earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.13. Alcoa had a net margin of 0.50% and a return on equity of 5.48%. Equities research analysts forecast that Alcoa Co. will post 4.27 earnings per share for the current year.

Alcoa Company Profile

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.