ANTIPODES PARTNERS Ltd Sells 538,740 Shares of Alcoa Co. (NYSE:AA)

ANTIPODES PARTNERS Ltd lowered its holdings in shares of Alcoa Co. (NYSE:AA) by 24.6% during the fourth quarter, Holdings Channel reports. The firm owned 1,651,009 shares of the industrial products company’s stock after selling 538,740 shares during the period. Alcoa accounts for about 2.2% of ANTIPODES PARTNERS Ltd’s portfolio, making the stock its 20th largest position. ANTIPODES PARTNERS Ltd’s holdings in Alcoa were worth $62,380,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of AA. SBI Securities Co. Ltd. bought a new position in Alcoa in the 4th quarter worth $29,000. Smartleaf Asset Management LLC raised its holdings in Alcoa by 59.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,051 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 393 shares during the period. Quarry LP bought a new position in Alcoa in the 3rd quarter worth $43,000. Continuum Advisory LLC raised its holdings in Alcoa by 1,945.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,125 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 1,070 shares during the period. Finally, UMB Bank n.a. raised its holdings in Alcoa by 78.5% in the 4th quarter. UMB Bank n.a. now owns 1,360 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 598 shares during the period. Institutional investors own 82.39% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. B. Riley upgraded shares of Alcoa to a “strong-buy” rating in a report on Tuesday, January 21st. HC Wainwright raised their price target on shares of Alcoa to $90.00 and gave the stock a “buy” rating in a research report on Tuesday. Jefferies Financial Group decreased their price target on shares of Alcoa from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Bank of America raised their price target on shares of Alcoa to $58.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Finally, Morgan Stanley decreased their price target on shares of Alcoa from $55.00 to $51.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $50.17.

Alcoa Price Performance

Shares of Alcoa stock opened at $33.28 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.45. The firm’s 50-day simple moving average is $35.59 and its 200-day simple moving average is $37.94. Alcoa Co. has a twelve month low of $27.12 and a twelve month high of $47.77. The firm has a market cap of $8.61 billion, a P/E ratio of -207.97, a price-to-earnings-growth ratio of 0.19 and a beta of 2.55.

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

Alcoa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Tuesday, March 4th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.20%. The ex-dividend date is Tuesday, March 4th. Alcoa’s dividend payout ratio is currently -250.00%.

Alcoa 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.