Investors purchased shares of Alcoa Corp. (NYSE:AA) on weakness during trading hours on Friday. $102.67 million flowed into the stock on the tick-up and $50.52 million flowed out of the stock on the tick-down, for a money net flow of $52.15 million into the stock. Of all stocks tracked, Alcoa Corp. had the 11th highest net in-flow for the day. Alcoa Corp. traded down ($2.12) for the day and closed at $42.61

A number of equities analysts have issued reports on the stock. Clarkson Capital reaffirmed a “buy” rating on shares of Alcoa Corp. in a research note on Thursday, July 20th. BMO Capital Markets set a $45.00 price objective on shares of Alcoa Corp. and gave the company a “buy” rating in a research note on Saturday, August 5th. Macquarie assumed coverage on shares of Alcoa Corp. in a research note on Thursday. They issued an “outperform” rating on the stock. Credit Suisse Group assumed coverage on shares of Alcoa Corp. in a research note on Wednesday, August 9th. They issued a “neutral” rating and a $42.00 price objective on the stock. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $44.00 price objective on shares of Alcoa Corp. in a research note on Wednesday, August 9th. Five research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $39.77.

The company has a market cap of $7.85 billion and a price-to-earnings ratio of 48.48. The company has a 50 day moving average price of $39.27 and a 200 day moving average price of $34.88.

Alcoa Corp. (NYSE:AA) last issued its earnings results on Wednesday, July 19th. The industrial products company reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.88 billion. Alcoa Corp. had a net margin of 1.63% and a return on equity of 3.29%. Alcoa Corp.’s revenue was up 23.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 earnings per share. Equities research analysts predict that Alcoa Corp. will post $2.86 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. WINTON GROUP Ltd boosted its stake in Alcoa Corp. by 55.5% during the second quarter. WINTON GROUP Ltd now owns 33,950 shares of the industrial products company’s stock worth $1,108,000 after acquiring an additional 12,111 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in Alcoa Corp. by 26.7% during the second quarter. Public Employees Retirement System of Ohio now owns 74,910 shares of the industrial products company’s stock worth $2,446,000 after acquiring an additional 15,790 shares in the last quarter. BW Gestao de Investimentos Ltda. bought a new position in Alcoa Corp. during the second quarter worth $11,846,000. California State Teachers Retirement System boosted its stake in Alcoa Corp. by 13.7% during the second quarter. California State Teachers Retirement System now owns 341,520 shares of the industrial products company’s stock worth $11,151,000 after acquiring an additional 41,261 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in Alcoa Corp. by 0.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 35,996 shares of the industrial products company’s stock worth $1,175,000 after acquiring an additional 104 shares in the last quarter.

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Alcoa Corp. 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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