Swiss National Bank Acquires 7,100 Shares of Alcoa Corp (AA)

Swiss National Bank increased its holdings in shares of Alcoa Corp (NYSE:AA) by 2.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 313,994 shares of the industrial products company’s stock after acquiring an additional 7,100 shares during the quarter. Swiss National Bank owned about 0.17% of Alcoa worth $16,915,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AA. Dimensional Fund Advisors LP raised its stake in Alcoa by 3.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,436,360 shares of the industrial products company’s stock worth $46,904,000 after purchasing an additional 53,096 shares during the period. Cornerstone Capital Management Holdings LLC. raised its stake in shares of Alcoa by 11.4% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 20,980 shares of the industrial products company’s stock valued at $684,000 after acquiring an additional 2,149 shares during the period. State Street Corp raised its stake in shares of Alcoa by 4.5% in the 2nd quarter. State Street Corp now owns 3,506,524 shares of the industrial products company’s stock valued at $114,483,000 after acquiring an additional 151,562 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in shares of Alcoa by 0.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 35,996 shares of the industrial products company’s stock valued at $1,175,000 after acquiring an additional 104 shares during the period. Finally, Public Employees Retirement System of Ohio raised its stake in shares of Alcoa by 26.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 74,910 shares of the industrial products company’s stock valued at $2,446,000 after acquiring an additional 15,790 shares during the period.

In other news, COO Tomas Mar Sigurdsson sold 10,000 shares of the company’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $51.37, for a total value of $513,700.00. Following the completion of the transaction, the chief operating officer now owns 46,832 shares in the company, valued at approximately $2,405,759.84. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP William F. Oplinger sold 229,475 shares of the company’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $52.86, for a total transaction of $12,130,048.50. Following the completion of the transaction, the vice president now owns 108,915 shares of the company’s stock, valued at approximately $5,757,246.90. The disclosure for this sale can be found here.

AA has been the topic of several recent research reports. JPMorgan Chase & Co. upped their target price on shares of Alcoa from $68.00 to $71.00 and gave the stock an “overweight” rating in a research note on Monday, February 5th. ValuEngine raised shares of Alcoa from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research downgraded shares of Alcoa from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 30th. Bank of America reaffirmed a “buy” rating and set a $63.00 target price (down from $67.00) on shares of Alcoa in a research note on Thursday, January 18th. Finally, Cowen reaffirmed a “market perform” rating and set a $59.00 target price (up from $51.00) on shares of Alcoa in a research note on Thursday, January 18th. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $57.72.

Alcoa Corp (NYSE:AA) opened at $47.36 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 0.90 and a debt-to-equity ratio of 0.17. Alcoa Corp has a twelve month low of $29.55 and a twelve month high of $57.50. The company has a market cap of $8,771.11, a P/E ratio of 41.18, a price-to-earnings-growth ratio of 1.54 and a beta of -3.13.

Alcoa (NYSE:AA) last posted its quarterly earnings results on Wednesday, January 17th. The industrial products company reported $1.04 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.19). Alcoa had a return on equity of 6.90% and a net margin of 1.86%. The firm had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same quarter last year, the firm earned $0.14 EPS. The company’s revenue was up 25.1% on a year-over-year basis. equities analysts forecast that Alcoa Corp will post 3.56 earnings per share for the current fiscal year.

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Alcoa Profile

Alcoa Corporation, formerly Alcoa Upstream Corporation, is engaged in the production of bauxite, alumina and aluminum of various cast and rolled products. The Company is engaged in the production and management of aluminum and alumina combined through its participation in various aspects of the industry, such as technology, mining, refining, smelting, and recycling.

Institutional Ownership by Quarter for Alcoa (NYSE:AA)

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