WINTON GROUP Ltd Takes $675,000 Position in Alcoa $AA

WINTON GROUP Ltd purchased a new stake in shares of Alcoa (NYSE:AA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 12,700 shares of the industrial products company’s stock, valued at approximately $675,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Mirabella Financial Services LLP raised its holdings in shares of Alcoa by 12,233.1% during the 3rd quarter. Mirabella Financial Services LLP now owns 40,082,462 shares of the industrial products company’s stock valued at $1,318,312,000 after purchasing an additional 39,757,462 shares in the last quarter. State Street Corp raised its holdings in shares of Alcoa by 6.7% during the 3rd quarter. State Street Corp now owns 11,458,529 shares of the industrial products company’s stock valued at $376,871,000 after purchasing an additional 721,063 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Alcoa by 13.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 11,118,560 shares of the industrial products company’s stock valued at $365,710,000 after purchasing an additional 1,322,540 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Alcoa by 5.5% during the 4th quarter. Geode Capital Management LLC now owns 6,655,655 shares of the industrial products company’s stock valued at $389,621,000 after purchasing an additional 349,426 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Alcoa by 211.7% during the 4th quarter. Bank of New York Mellon Corp now owns 6,254,017 shares of the industrial products company’s stock valued at $332,338,000 after purchasing an additional 4,247,559 shares in the last quarter.

Alcoa Stock Performance

NYSE AA opened at $65.70 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.48 and a quick ratio of 0.88. The firm has a market capitalization of $17.34 billion, a price-to-earnings ratio of 16.63 and a beta of 1.56. The company’s fifty day moving average is $69.44 and its two-hundred day moving average is $61.05. Alcoa has a 52-week low of $27.72 and a 52-week high of $84.38.

Alcoa (NYSE:AA) last posted its quarterly earnings results on Thursday, April 16th. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($0.20). The company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.35 billion. Alcoa had a return on equity of 12.57% and a net margin of 8.27%.The business’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.15 earnings per share. Equities research analysts forecast that Alcoa will post 7.95 EPS for the current year.

Alcoa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Tuesday, May 19th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Tuesday, May 19th. Alcoa’s payout ratio is 10.13%.

Analyst Upgrades and Downgrades

AA has been the topic of a number of recent research reports. B. Riley Financial raised their price target on shares of Alcoa from $78.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, April 7th. UBS Group upgraded shares of Alcoa from a “neutral” rating to a “buy” rating and raised their price target for the company from $75.00 to $80.00 in a report on Friday, May 22nd. Argus set a $73.00 price target on shares of Alcoa in a report on Monday, April 27th. Morgan Stanley upgraded shares of Alcoa from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $64.00 to $80.00 in a report on Thursday, April 9th. Finally, Weiss Ratings downgraded shares of Alcoa from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 1st. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Alcoa presently has a consensus rating of “Hold” and a consensus price target of $68.60.

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.