Vident Investment Advisory LLC lifted its holdings in shares of Alcoa Corp (NYSE:AA) by 5.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,559 shares of the industrial products company’s stock after purchasing an additional 3,722 shares during the period. Vident Investment Advisory LLC’s holdings in Alcoa were worth $3,495,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AA. Schroder Investment Management Group increased its holdings in Alcoa by 72.6% in the 1st quarter. Schroder Investment Management Group now owns 2,356,780 shares of the industrial products company’s stock worth $105,960,000 after acquiring an additional 991,403 shares during the last quarter. Natixis increased its holdings in Alcoa by 1,432.6% in the 2nd quarter. Natixis now owns 625,878 shares of the industrial products company’s stock worth $29,341,000 after acquiring an additional 585,040 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in Alcoa by 2,472.1% in the 1st quarter. Thrivent Financial for Lutherans now owns 565,330 shares of the industrial products company’s stock worth $25,417,000 after acquiring an additional 543,351 shares during the last quarter. OppenheimerFunds Inc. increased its holdings in Alcoa by 197.8% in the 2nd quarter. OppenheimerFunds Inc. now owns 725,689 shares of the industrial products company’s stock worth $34,020,000 after acquiring an additional 481,971 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in Alcoa by 5.1% in the 2nd quarter. BlackRock Inc. now owns 9,057,264 shares of the industrial products company’s stock worth $424,605,000 after acquiring an additional 437,832 shares during the last quarter.

AA stock opened at $41.77 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.42 and a debt-to-equity ratio of 0.27. The stock has a market cap of $7.84 billion, a price-to-earnings ratio of 13.88, a P/E/G ratio of 2.26 and a beta of -0.23. Alcoa Corp has a twelve month low of $40.03 and a twelve month high of $62.35.

Alcoa (NYSE:AA) last posted its earnings results on Wednesday, July 18th. The industrial products company reported $1.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.19. The business had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.49 billion. Alcoa had a return on equity of 10.30% and a net margin of 1.11%. The company’s quarterly revenue was up 25.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.62 EPS. sell-side analysts expect that Alcoa Corp will post 4.1 EPS for the current fiscal year.

Several equities research analysts recently weighed in on AA shares. Credit Suisse Group decreased their price objective on Alcoa from $69.00 to $65.00 and set an “outperform” rating for the company in a report on Thursday, July 19th. Zacks Investment Research raised Alcoa from a “hold” rating to a “strong-buy” rating and set a $53.00 price objective for the company in a report on Tuesday, June 19th. Morgan Stanley decreased their price objective on Alcoa from $60.00 to $57.00 and set a “buy” rating for the company in a report on Monday, July 23rd. ValuEngine lowered Alcoa from a “hold” rating to a “sell” rating in a report on Thursday, September 6th. Finally, BMO Capital Markets decreased their price objective on Alcoa from $80.00 to $75.00 and set an “outperform” rating for the company in a report on Thursday, July 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $61.24.

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

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