WINTON GROUP Ltd Takes Position in Alcoa $AA

WINTON GROUP Ltd bought a new stake in shares of Alcoa (NYSE:AA) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 12,700 shares of the industrial products company’s stock, valued at approximately $675,000.

Several other institutional investors have also made changes to their positions in AA. Basepoint Wealth LLC acquired a new stake in shares of Alcoa during the 4th quarter valued at about $25,000. Advisory Services Network LLC acquired a new stake in shares of Alcoa during the 3rd quarter valued at about $27,000. Raleigh Capital Management Inc. boosted its position in shares of Alcoa by 52,500.0% during the 4th quarter. Raleigh Capital Management Inc. now owns 526 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 525 shares in the last quarter. CoreCap Advisors LLC boosted its position in shares of Alcoa by 74.1% during the 4th quarter. CoreCap Advisors LLC now owns 557 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 237 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of Alcoa by 91.9% during the 3rd quarter. NewEdge Advisors LLC now owns 1,161 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 556 shares in the last quarter.

Alcoa Trading Down 9.3%

Shares of NYSE AA opened at $65.70 on Thursday. Alcoa has a 1-year low of $27.72 and a 1-year high of $84.38. The company has a market cap of $17.34 billion, a PE ratio of 16.63 and a beta of 1.56. The company has a current ratio of 1.48, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average of $69.44 and a two-hundred day moving average of $61.05.

Alcoa (NYSE:AA) last announced its earnings results on Thursday, April 16th. The industrial products company reported $1.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.20). Alcoa had a return on equity of 12.57% and a net margin of 8.27%.The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same period in the prior year, the firm posted $2.15 earnings per share. The company’s revenue was down 5.2% on a year-over-year basis. As a group, equities analysts expect that Alcoa will post 7.95 earnings per share for the current fiscal year.

Alcoa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Tuesday, May 19th were paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.6%. Alcoa’s payout ratio is currently 10.13%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AA. Argus set a $73.00 target price on shares of Alcoa in a research report on Monday, April 27th. Weiss Ratings downgraded shares of Alcoa from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 1st. B. Riley Financial lifted their price target on shares of Alcoa from $78.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, April 7th. Morgan Stanley raised shares of Alcoa from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $64.00 to $80.00 in a report on Thursday, April 9th. Finally, UBS Group raised shares of Alcoa from a “neutral” rating to a “buy” rating and lifted their price target for the company from $75.00 to $80.00 in a report on Friday, May 22nd. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Alcoa currently has a consensus rating of “Hold” and an average target price of $68.60.

Alcoa Company Profile

Alcoa Corporation is a global industry leader in the production and management of aluminum, offering an integrated value chain that spans bauxite mining, alumina refining, primary aluminum smelting and the fabrication of value-added products. The company’s operations are organized into segments that include raw material extraction, chemical processing and the manufacture of metal mill products and engineered solutions.

Alcoa’s product portfolio serves diverse end markets such as aerospace, automotive, packaging, construction, electrical and industrial applications.