Yousif Capital Management LLC Has $3.65 Million Stock Holdings in Alcoa Co. (NYSE:AA)

Yousif Capital Management LLC trimmed its holdings in Alcoa Co. (NYSE:AA) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 96,611 shares of the industrial products company’s stock after selling 3,100 shares during the period. Yousif Capital Management LLC’s holdings in Alcoa were worth $3,650,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. ARGA Investment Management LP lifted its position in Alcoa by 29.6% in the 4th quarter. ARGA Investment Management LP now owns 2,998,311 shares of the industrial products company’s stock valued at $113,276,000 after acquiring an additional 684,505 shares in the last quarter. Ninety One UK Ltd raised its stake in shares of Alcoa by 39.5% in the fourth quarter. Ninety One UK Ltd now owns 498,574 shares of the industrial products company’s stock worth $18,836,000 after purchasing an additional 141,261 shares during the last quarter. Trust Point Inc. raised its stake in shares of Alcoa by 24.8% in the fourth quarter. Trust Point Inc. now owns 8,591 shares of the industrial products company’s stock worth $325,000 after purchasing an additional 1,707 shares during the last quarter. Rheos Capital Works Inc. bought a new position in shares of Alcoa in the fourth quarter valued at approximately $2,002,000. Finally, Ausbil Investment Management Ltd purchased a new position in shares of Alcoa during the fourth quarter valued at approximately $429,000.

Wall Street Analysts Forecast Growth

AA has been the topic of several recent analyst reports. StockNews.com upgraded Alcoa from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th. Argus raised shares of Alcoa from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Wednesday, October 23rd. Bank of America boosted their price target on shares of Alcoa to $58.00 and gave the stock a “buy” rating in a report on Friday, January 24th. BMO Capital Markets lifted their target price on shares of Alcoa to $43.00 and gave the stock a “hold” rating in a research report on Friday, January 17th. Finally, Morgan Stanley cut their target price on Alcoa from $55.00 to $51.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Alcoa has an average rating of “Moderate Buy” and an average target price of $46.55.

Alcoa Price Performance

Alcoa stock opened at $36.12 on Friday. The business’s 50 day simple moving average is $38.20 and its 200 day simple moving average is $37.50. Alcoa Co. has a 12 month low of $24.86 and a 12 month high of $47.77. The company has a market cap 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 company has a current ratio of 1.45, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48.

Alcoa (NYSE:AA) last issued its quarterly 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%. Sell-side analysts forecast that Alcoa Co. will post 4.43 EPS for the current year.

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.