ARGA Investment Management LP Trims Holdings in Alcoa $AA

ARGA Investment Management LP lowered its stake in shares of Alcoa (NYSE:AA) by 48.1% in the third quarter, Holdings Channel reports. The institutional investor owned 1,567,261 shares of the industrial products company’s stock after selling 1,451,511 shares during the quarter. Alcoa accounts for approximately 1.4% of ARGA Investment Management LP’s portfolio, making the stock its 18th biggest position. ARGA Investment Management LP’s holdings in Alcoa were worth $51,547,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in AA. NewEdge Advisors LLC increased its position in shares of Alcoa by 1,098.0% in the 1st quarter. NewEdge Advisors LLC now owns 11,704 shares of the industrial products company’s stock worth $357,000 after purchasing an additional 10,727 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Alcoa by 0.7% in 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 valued at $19,722,000 after purchasing an additional 4,624 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Alcoa by 33.3% during the second quarter. GAMMA Investing LLC now owns 3,064 shares of the industrial products company’s stock worth $90,000 after purchasing an additional 766 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in Alcoa by 5.6% in the second quarter. Public Employees Retirement System of Ohio now owns 80,223 shares of the industrial products company’s stock worth $2,367,000 after purchasing an additional 4,255 shares in the last quarter. Finally, Ausbil Investment Management Ltd grew its stake in Alcoa by 650.0% in the second quarter. Ausbil Investment Management Ltd now owns 15,000 shares of the industrial products company’s stock worth $443,000 after purchasing an additional 13,000 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have issued reports on AA shares. Argus set a $45.00 price objective on Alcoa in a research note on Thursday, October 30th. Morgan Stanley reissued an “overweight” rating and set a $52.00 price target on shares of Alcoa in a research report on Monday, December 15th. Wells Fargo & Company decreased their price objective on shares of Alcoa from $71.00 to $64.00 and set an “equal weight” rating for the company in a report on Friday. UBS Group boosted their target price on shares of Alcoa from $42.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Finally, BMO Capital Markets raised their price target on shares of Alcoa from $35.00 to $37.00 and gave the stock a “market perform” rating in a research report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $48.25.

Key Alcoa News

Here are the key news stories impacting Alcoa this week:

• Positive Sentiment: Q4 beat on top and bottom lines; margin and cash‑flow improvements support the case for continued upside. Alcoa reported $1.26 EPS vs. $0.95 expected and $3.45B revenue vs. $3.28B, with higher adjusted EBITDA, stronger operating/free cash flow and reduced net debt. Alcoa Corporation Reports Fourth Quarter and Full Year 2025 Results
• Positive Sentiment: Commodity tailwinds and volume upside: management is cashing in on higher aluminum prices and is targeting more output in 2026, which should help near‑term EBITDA and FCF if prices persist. Alcoa Cashes In On Higher Aluminum Prices, Eyes More Output In 2026
• Positive Sentiment: Portfolio actions and European pricing: Alcoa expects a ~$10/ton CBAM premium uplift in Europe for 2026 and is advancing the San Ciprián restart—potential revenue/margin tailwinds if realized. Alcoa expects $10/ton CBAM premium uplift in Europe for 2026 while advancing San Ciprián restart
• Positive Sentiment: Relative industry positioning: analysts and coverage note Alcoa looks better positioned vs. peers (e.g., Ryerson) thanks to stronger demand exposure, smelter restarts and healthier balance sheet. That can support investor preference for AA over higher‑leverage competitors. Alcoa vs. Ryerson: Which Aluminum Stock Should You Bet On?
• Neutral Sentiment: Full disclosure materials available: earnings call transcript, slide deck and presentation are posted—use these to drill into guidance assumptions (smelter ramps, alumina outlook, capex and FCF cadence). Alcoa Corporation (AA) Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Analyst reactions mixed: Wells Fargo raised its price target to $71 but downgraded to Equal Weight—shows upside in some models yet caution on near‑term valuation/risk. (Analyst notes will influence short‑term flows.) Alcoa Earnings Send Shares Lower—Buy the Dip or Wait?
• Negative Sentiment: Guidance caused a sell‑the‑news reaction: management signaled some near‑term pressure on earnings and FCF, which appears to be the proximate cause of the post‑earnings pullback. That raises short‑term uncertainty for investors focused on immediate cash generation. Alcoa Earnings Send Shares Lower—Buy the Dip or Wait?
• Negative Sentiment: Operational uncertainty at specific assets: Alcoa won’t commit to restarting an Indiana smelter line, leaving some volume upside contingent on future decisions and timing. Alcoa Still Won’t Commit to Restarting Indiana Smelter Line
• Negative Sentiment: Sell ratings persist: J.P. Morgan reaffirmed a sell rating, signaling some sell‑side skepticism that could weigh on sentiment until guidance detail and execution are clearer. J.P. Morgan Reaffirms Their Sell Rating on Alcoa (AA)

Alcoa Price Performance

Shares of AA opened at $62.28 on Friday. The firm has a market capitalization of $16.13 billion, a price-to-earnings ratio of 14.09, a price-to-earnings-growth ratio of 0.26 and a beta of 1.95. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.91 and a current ratio of 1.56. Alcoa has a one year low of $21.53 and a one year high of $66.95. The stock’s fifty day moving average is $50.94 and its 200-day moving average is $39.35.

Alcoa (NYSE:AA) last posted its quarterly earnings data on Thursday, January 22nd. The industrial products company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.31. The business had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.28 billion. Alcoa had a net margin of 9.12% and a return on equity of 16.14%. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.04 earnings per share. Equities analysts anticipate that Alcoa will post 4.43 EPS for the current year.

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.