Alcoa $AA Shares Acquired by Alphadyne Asset Management LP

Alphadyne Asset Management LP increased its stake in shares of Alcoa (NYSE:AA) by 66.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 125,000 shares of the industrial products company’s stock after purchasing an additional 50,000 shares during the quarter. Alcoa makes up approximately 0.2% of Alphadyne Asset Management LP’s portfolio, making the stock its 8th largest position. Alphadyne Asset Management LP’s holdings in Alcoa were worth $6,642,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Altshuler Shaham Ltd boosted its holdings in shares of Alcoa by 2.3% during the fourth quarter. Altshuler Shaham Ltd now owns 14,947 shares of the industrial products company’s stock worth $794,000 after purchasing an additional 331 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Alcoa by 153.4% during the fourth quarter. AQR Capital Management LLC now owns 4,134,425 shares of the industrial products company’s stock worth $219,703,000 after purchasing an additional 2,503,132 shares during the period. EFG International AG acquired a new stake in shares of Alcoa during the fourth quarter worth approximately $170,000. Cetera Investment Advisers boosted its holdings in shares of Alcoa by 8.4% during the fourth quarter. Cetera Investment Advisers now owns 32,290 shares of the industrial products company’s stock worth $1,716,000 after purchasing an additional 2,506 shares during the period. Finally, Maple Rock Capital Partners Inc. acquired a new stake in shares of Alcoa during the fourth quarter worth approximately $173,412,000.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Citigroup lifted their target price on shares of Alcoa from $54.00 to $76.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Weiss Ratings cut shares of Alcoa from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 1st. Argus set a $73.00 target price on shares of Alcoa in a research note on Monday, April 27th. Morgan Stanley set a $79.00 target price on shares of Alcoa in a research note on Thursday, June 11th. Finally, UBS Group upgraded shares of Alcoa from a “neutral” rating to a “buy” rating and lifted their target price for the company from $75.00 to $80.00 in a research note on Friday, May 22nd. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $68.50.

Alcoa Price Performance

NYSE AA opened at $61.85 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.48 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $16.32 billion, a PE ratio of 15.66 and a beta of 1.56. The company has a 50 day moving average price of $68.93 and a two-hundred day moving average price of $61.96. Alcoa has a 12-month low of $27.72 and a 12-month high of $84.38.

Alcoa (NYSE:AA) last released its quarterly earnings results on Thursday, April 16th. The industrial products company reported $1.40 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 firm had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same period in the prior year, the business earned $2.15 EPS. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. As a group, equities analysts predict that Alcoa will post 7.98 earnings per share for the current fiscal year.

Alcoa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Tuesday, May 19th were given a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.6%. Alcoa’s dividend payout ratio (DPR) is currently 10.13%.

About Alcoa

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.