Sigma Planning Corp bought a new stake in Alcoa Corp. (NYSE:AA) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,420 shares of the industrial products company’s stock, valued at approximately $206,000.

A number of other institutional investors also recently modified their holdings of AA. Principal Financial Group Inc. boosted its position in Alcoa Corp. by 5.7% in the first quarter. Principal Financial Group Inc. now owns 25,052 shares of the industrial products company’s stock valued at $862,000 after buying an additional 1,349 shares in the last quarter. Gateway Investment Advisers LLC lifted its holdings in shares of Alcoa Corp. by 0.4% during the second quarter. Gateway Investment Advisers LLC now owns 17,020 shares of the industrial products company’s stock worth $556,000 after purchasing an additional 73 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in shares of Alcoa Corp. during the second quarter worth $239,000. PGGM Investments lifted its holdings in shares of Alcoa Corp. by 1.8% during the second quarter. PGGM Investments now owns 94,001 shares of the industrial products company’s stock worth $3,069,000 after purchasing an additional 1,626 shares during the period. Finally, Parkwood LLC lifted its holdings in shares of Alcoa Corp. by 9.6% during the second quarter. Parkwood LLC now owns 20,087 shares of the industrial products company’s stock worth $656,000 after purchasing an additional 1,758 shares during the period.

Shares of Alcoa Corp. (AA) opened at $43.40 on Friday. The company has a current ratio of 1.38, a quick ratio of 0.90 and a debt-to-equity ratio of 0.17. The company has a market cap of $8,030.00 and a PE ratio of 20.57. Alcoa Corp. has a 52-week low of $28.01 and a 52-week high of $50.31.

Alcoa Corp. (NYSE:AA) last posted its earnings results on Wednesday, October 18th. The industrial products company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.05). The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.95 billion. Alcoa Corp. had a return on equity of 4.90% and a net margin of 2.61%. The company’s revenue was up 27.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.32 earnings per share. research analysts anticipate that Alcoa Corp. will post 3.24 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “4,420 Shares in Alcoa Corp. (AA) Purchased by Sigma Planning Corp” was originally reported by Daily Political and is the sole property of of Daily Political. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international copyright and trademark laws. The correct version of this report can be viewed at https://www.dailypolitical.com/2017/11/19/4420-shares-in-alcoa-corp-aa-purchased-by-sigma-planning-corp.html.

A number of equities analysts recently weighed in on AA shares. Gabelli downgraded shares of Alcoa Corp. from a “buy” rating to a “hold” rating and lifted their target price for the stock from $57.00 to $60.00 in a research note on Wednesday, October 4th. Berenberg Bank set a $44.00 target price on shares of Alcoa Corp. and gave the stock a “hold” rating in a research note on Wednesday, October 18th. J P Morgan Chase & Co reissued a “buy” rating and set a $60.00 target price on shares of Alcoa Corp. in a research note on Thursday, October 19th. Macquarie reissued a “buy” rating and set a $62.00 target price (up previously from $55.00) on shares of Alcoa Corp. in a research note on Tuesday, October 10th. Finally, Cowen and Company set a $51.00 target price on shares of Alcoa Corp. and gave the stock a “hold” rating in a research note on Wednesday, October 11th. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $49.88.

Alcoa Corp. 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.

Want to see what other hedge funds are holding AA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alcoa Corp. (NYSE:AA).

Institutional Ownership by Quarter for Alcoa Corp. (NYSE:AA)

Receive News & Ratings for Alcoa Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alcoa Corp. and related companies with MarketBeat.com's FREE daily email newsletter.