Qsemble Capital Management LP Acquires Shares of 82,048 Alcoa $AA

Qsemble Capital Management LP acquired a new stake in Alcoa (NYSE:AA) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 82,048 shares of the industrial products company’s stock, valued at approximately $4,360,000.

Other institutional investors also recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its stake in shares of Alcoa by 1,098.0% during the 1st quarter. NewEdge Advisors LLC now owns 11,704 shares of the industrial products company’s stock worth $357,000 after acquiring an additional 10,727 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Alcoa by 0.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 646,609 shares of the industrial products company’s stock worth $19,722,000 after acquiring an additional 4,624 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Alcoa by 1.9% during the 2nd quarter. Invesco Ltd. now owns 640,528 shares of the industrial products company’s stock worth $18,902,000 after acquiring an additional 12,008 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Alcoa by 173.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,040 shares of the industrial products company’s stock worth $60,000 after acquiring an additional 1,295 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Alcoa by 320.1% during the 2nd quarter. First Trust Advisors LP now owns 269,982 shares of the industrial products company’s stock worth $7,967,000 after acquiring an additional 205,717 shares in the last quarter. Hedge funds and other institutional investors own 82.39% of the company’s stock.

Alcoa Price Performance

AA stock opened at $62.45 on Friday. Alcoa has a 1 year low of $25.83 and a 1 year high of $75.70. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.48. The stock’s 50 day moving average price is $65.35 and its 200 day moving average price is $56.47. The firm has a market cap of $16.48 billion, a P/E ratio of 15.81 and a beta of 1.51.

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

Alcoa Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AA shares. UBS Group boosted their price target on Alcoa from $48.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. Morgan Stanley raised Alcoa from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $64.00 to $80.00 in a research note on Thursday, April 9th. B. Riley Financial boosted their price target on Alcoa from $78.00 to $96.00 and gave the stock a “buy” rating in a research note on Tuesday, April 7th. Zacks Research lowered Alcoa from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Finally, Wells Fargo & Company set a $68.00 price target on Alcoa in a research note on Thursday, March 12th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $67.60.

Alcoa 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.