Hosking Partners LLP lowered its stake in shares of Alcoa Corp (NYSE:AA) by 0.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 431,044 shares of the industrial products company’s stock after selling 2,241 shares during the quarter. Hosking Partners LLP’s holdings in Alcoa were worth $12,138,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Parallel Advisors LLC boosted its holdings in Alcoa by 143.3% in the 1st quarter. Parallel Advisors LLC now owns 1,000 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 589 shares in the last quarter. Farmers National Bank purchased a new stake in Alcoa in the 1st quarter valued at approximately $32,000. We Are One Seven LLC acquired a new stake in shares of Alcoa during the 4th quarter valued at approximately $35,000. Financial Architects Inc lifted its position in shares of Alcoa by 2,970.3% during the 4th quarter. Financial Architects Inc now owns 3,101 shares of the industrial products company’s stock valued at $82,000 after acquiring an additional 3,000 shares during the period. Finally, Investors Research Corp acquired a new stake in shares of Alcoa during the 1st quarter valued at approximately $124,000.

Shares of AA opened at $23.99 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.47 and a quick ratio of 0.83. The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of 6.70, a price-to-earnings-growth ratio of 5.31 and a beta of 1.04. Alcoa Corp has a fifty-two week low of $23.85 and a fifty-two week high of $51.20.

Alcoa (NYSE:AA) last issued its quarterly earnings results on Wednesday, April 17th. The industrial products company reported ($0.23) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.06). The business had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.87 billion. Alcoa had a negative net margin of 0.94% and a positive return on equity of 6.75%. The company’s revenue was down 12.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.77 earnings per share. On average, analysts forecast that Alcoa Corp will post 1.15 EPS for the current year.

Several research analysts recently issued reports on AA shares. BMO Capital Markets cut their price objective on Alcoa from $45.00 to $40.00 in a research report on Thursday, April 18th. Jefferies Financial Group set a $36.00 price objective on Alcoa and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Gabelli upgraded Alcoa from a “hold” rating to a “buy” rating in a research report on Monday, April 22nd. TheStreet downgraded Alcoa from a “c-” rating to a “d+” rating in a research report on Thursday, March 28th. Finally, Zacks Investment Research upgraded Alcoa from a “sell” rating to a “hold” rating in a research report on Tuesday, March 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $43.00.

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About Alcoa

Alcoa Corporation produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Brazil, Canada, and internationally. The company operates through Bauxite, Alumina, and Aluminum segments. It engages in bauxite mining operations; and processes bauxite into alumina and sells bauxite to customers who process it into industrial chemical products.

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Institutional Ownership by Quarter for Alcoa (NYSE:AA)

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