XY Capital Ltd Makes New $749,000 Investment in Alcoa Co. (NYSE:AA)

XY Capital Ltd acquired a new position in shares of Alcoa Co. (NYSE:AA) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 19,817 shares of the industrial products company’s stock, valued at approximately $749,000. Alcoa makes up approximately 0.4% of XY Capital Ltd’s holdings, making the stock its 21st largest position.

A number of other large investors have also recently bought and sold shares of AA. UMB Bank n.a. boosted its stake in Alcoa by 481.7% in the third quarter. UMB Bank n.a. now owns 762 shares of the industrial products company’s stock valued at $29,000 after buying an additional 631 shares in the last quarter. Quarry LP acquired a new stake in Alcoa in the third quarter valued at about $43,000. Continuum Advisory LLC boosted its stake in Alcoa by 1,945.5% in the third quarter. Continuum Advisory LLC now owns 1,125 shares of the industrial products company’s stock valued at $46,000 after buying an additional 1,070 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Alcoa by 399.0% during the 4th quarter. GAMMA Investing LLC now owns 1,447 shares of the industrial products company’s stock valued at $55,000 after acquiring an additional 1,157 shares in the last quarter. Finally, Millburn Ridgefield Corp acquired a new stake in shares of Alcoa during the 3rd quarter valued at $89,000. 82.39% of the stock is currently owned by institutional investors and hedge funds.

Alcoa Trading Up 0.5 %

NYSE:AA opened at $36.12 on Monday. Alcoa Co. has a 12 month low of $24.86 and a 12 month high of $47.77. The company has a current ratio of 1.45, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $9.33 billion, a price-to-earnings ratio of -225.77, a PEG ratio of 0.20 and a beta of 2.43. The firm has a fifty day simple moving average of $38.20 and a two-hundred day simple moving average of $37.56.

Alcoa (NYSE:AA) last issued its earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.13. Alcoa had a return on equity of 5.54% and a net margin of 0.50%. Analysts expect that Alcoa Co. will post 4.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Jefferies Financial Group cut their price objective on Alcoa from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Bank of America raised their price objective on Alcoa to $58.00 and gave the company a “buy” rating in a report on Friday, January 24th. UBS Group lifted their price target on shares of Alcoa from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Morgan Stanley cut their price target on shares of Alcoa from $55.00 to $51.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Finally, Argus upgraded shares of Alcoa from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Alcoa currently has an average rating of “Moderate Buy” and a consensus price target of $46.55.

Alcoa Company Profile

Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Iceland, Norway, Brazil, Canada, and internationally. The company operates through two segments, Alumina and Aluminum. It engages in bauxite mining operations; and processes bauxite into alumina and sells it to customers who process it into industrial chemical products, as well as aluminum smelting and casting businesses.