Krilogy Financial LLC Invests $1.22 Million in Alcoa $AA

Krilogy Financial LLC bought a new position in shares of Alcoa (NYSE:AA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 20,883 shares of the industrial products company’s stock, valued at approximately $1,223,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Prime Capital Investment Advisors LLC increased its stake in shares of Alcoa by 1.9% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 10,682 shares of the industrial products company’s stock worth $568,000 after purchasing an additional 204 shares in the last quarter. CoreCap Advisors LLC increased its stake in shares of Alcoa by 74.1% during the fourth quarter. CoreCap Advisors LLC now owns 557 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 237 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Alcoa by 1.5% during the third quarter. Quadrant Capital Group LLC now owns 22,497 shares of the industrial products company’s stock worth $740,000 after purchasing an additional 324 shares in the last quarter. Lesa Sroufe & Co increased its stake in shares of Alcoa by 0.5% during the third quarter. Lesa Sroufe & Co now owns 75,504 shares of the industrial products company’s stock worth $2,483,000 after purchasing an additional 349 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in Alcoa by 3.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 11,581 shares of the industrial products company’s stock valued at $381,000 after acquiring an additional 362 shares in the last quarter. Hedge funds and other institutional investors own 82.39% of the company’s stock.

Alcoa Stock Up 0.7%

Shares of NYSE AA opened at $66.99 on Wednesday. Alcoa has a 12-month low of $23.57 and a 12-month high of $75.70. The stock has a market cap of $17.68 billion, a PE ratio of 16.96 and a beta of 1.70. The company has a current ratio of 1.48, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average of $64.21 and a 200 day moving average of $53.43.

Alcoa (NYSE:AA) last posted its quarterly earnings results on Thursday, April 16th. The industrial products company reported $1.40 earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $3.35 billion. During the same period last year, the company earned $2.15 EPS. The business’s quarterly revenue was down 5.2% on a year-over-year basis. As a group, sell-side analysts predict that Alcoa will post 7.57 EPS for the current fiscal year.

Alcoa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Tuesday, March 10th were paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $0.40 annualized dividend and a dividend yield of 0.6%. Alcoa’s dividend payout ratio is 10.13%.

Analysts Set New Price Targets

AA has been the subject of several research reports. JPMorgan Chase & Co. upped their price objective on shares of Alcoa from $68.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. BMO Capital Markets upped their price objective on shares of Alcoa from $65.00 to $75.00 and gave the company a “market perform” rating in a research note on Thursday, April 9th. Morgan Stanley raised shares of Alcoa from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $64.00 to $80.00 in a research note on Thursday, April 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Alcoa in a research note on Monday, December 29th. Finally, Wells Fargo & Company set a $68.00 price objective on shares of Alcoa in a research note on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $61.73.

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.