GTS Securities LLC Acquires 15,100 Shares of Alcoa $AA

GTS Securities LLC grew its stake in shares of Alcoa (NYSE:AA) by 211.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,245 shares of the industrial products company’s stock after purchasing an additional 15,100 shares during the period. GTS Securities LLC’s holdings in Alcoa were worth $1,160,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of AA. Basepoint Wealth LLC purchased a new stake in Alcoa in the fourth quarter worth about $25,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Alcoa during the 2nd quarter worth approximately $25,000. Advisory Services Network LLC purchased a new position in shares of Alcoa during the 3rd quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Alcoa by 5,281.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 592 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 581 shares during the period. Finally, Western Wealth Management LLC bought a new position in shares of Alcoa in the 1st quarter worth approximately $35,000.

Insider Activity

In other news, EVP Tammi A. Jones sold 15,628 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $50.60, for a total transaction of $790,776.80. Following the transaction, the executive vice president directly owned 39,819 shares of the company’s stock, valued at $2,014,841.40. This represents a 28.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Analyst Ratings Changes

Several research firms recently weighed in on AA. Zacks Research lowered Alcoa from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Bank of America decreased their price objective on Alcoa from $57.00 to $51.00 and set an “underperform” rating for the company in a report on Thursday, July 9th. Wells Fargo & Company lowered their price objective on Alcoa from $72.00 to $71.00 and set an “overweight” rating for the company in a research report on Friday, July 17th. BMO Capital Markets dropped their target price on shares of Alcoa from $60.00 to $55.00 and set a “market perform” rating on the stock in a report on Friday, July 17th. Finally, UBS Group reduced their target price on shares of Alcoa from $80.00 to $68.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $61.09.

Alcoa Trading Down 1.6%

Alcoa stock opened at $50.35 on Friday. The company has a current ratio of 1.53, a quick ratio of 0.92 and a debt-to-equity ratio of 0.30. The business’s fifty day simple moving average is $49.03 and its two-hundred day simple moving average is $59.97. Alcoa has a 12 month low of $30.21 and a 12 month high of $84.38. The company has a market capitalization of $13.29 billion, a price-to-earnings ratio of 10.36, a price-to-earnings-growth ratio of 0.57 and a beta of 1.63.

Alcoa (NYSE:AA) last issued its quarterly earnings results on Thursday, July 16th. The industrial products company reported $2.12 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($0.13). Alcoa had a net margin of 9.48% and a return on equity of 18.90%. The company had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter in the previous year, the business earned $0.39 earnings per share. As a group, equities analysts predict that Alcoa will post 6.55 earnings per share for the current fiscal year.

Alcoa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Tuesday, August 11th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, August 11th. Alcoa’s dividend payout ratio is 8.23%.

Alcoa Company 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.