WINTON GROUP Ltd Sells 43,155 Shares of Alcoa $AA

WINTON GROUP Ltd lowered its stake in Alcoa (NYSE:AA) by 65.0% during the 2nd quarter, Holdings Channel reports. The firm owned 23,200 shares of the industrial products company’s stock after selling 43,155 shares during the quarter. WINTON GROUP Ltd’s holdings in Alcoa were worth $1,210,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in AA. Checchi Capital Advisers LLC increased its holdings in shares of Alcoa by 3.4% in the first quarter. Checchi Capital Advisers LLC now owns 5,138 shares of the industrial products company’s stock worth $341,000 after purchasing an additional 170 shares during the last quarter. Essential Partners LLC boosted its stake in Alcoa by 0.9% during the first quarter. Essential Partners LLC now owns 20,525 shares of the industrial products company’s stock valued at $1,361,000 after buying an additional 193 shares during the last quarter. Northwestern Mutual Investment Management Company LLC grew its holdings in Alcoa by 0.4% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 57,940 shares of the industrial products company’s stock valued at $3,079,000 after buying an additional 229 shares in the last quarter. Himension Capital Singapore PTE. LTD. grew its holdings in Alcoa by 1.3% during the 1st quarter. Himension Capital Singapore PTE. LTD. now owns 18,626 shares of the industrial products company’s stock valued at $1,235,000 after buying an additional 246 shares in the last quarter. Finally, Sage Rhino Capital LLC increased its stake in Alcoa by 7.0% in the 1st quarter. Sage Rhino Capital LLC now owns 4,276 shares of the industrial products company’s stock worth $284,000 after acquiring an additional 279 shares during the last quarter.

Alcoa Price Performance

AA opened at $48.26 on Monday. The business has a fifty day moving average of $48.61 and a 200 day moving average of $59.24. The stock has a market cap of $12.74 billion, a P/E ratio of 9.93, a PEG ratio of 0.55 and a beta of 1.63. The company has a quick ratio of 0.92, a current ratio of 1.53 and a debt-to-equity ratio of 0.30. Alcoa has a 52-week low of $30.81 and a 52-week high of $84.38.

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

Alcoa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Tuesday, August 11th were paid a $0.10 dividend. 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 (DPR) is currently 8.23%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AA. Argus decreased their price objective on Alcoa from $73.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Morgan Stanley restated an “equal weight” rating and issued a $53.00 price target (down from $79.00) on shares of Alcoa in a research report on Wednesday, July 8th. JPMorgan Chase & Co. decreased their price target on shares of Alcoa from $55.00 to $52.00 and set a “neutral” rating on the stock in a research note on Friday, July 17th. Wall Street Zen upgraded shares of Alcoa from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Finally, UBS Group dropped their price objective on shares of Alcoa from $80.00 to $68.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Alcoa currently has an average rating of “Hold” and a consensus target price of $61.09.

Insider Transactions at Alcoa

In other Alcoa news, EVP Renato Bacchi sold 700 shares of the business’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $51.02, for a total value of $35,714.00. Following the completion of the sale, the executive vice president directly owned 74,930 shares of the company’s stock, valued at $3,822,928.60. The trade was a 0.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Tammi Jones sold 15,628 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $50.60, for a total transaction of $790,776.80. Following the completion of the sale, the executive vice president directly owned 39,819 shares of the company’s stock, valued at approximately $2,014,841.40. This trade represents a 28.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure.

About Alcoa

Alcoa Corporation (NYSE:AA) is a global producer of bauxite, alumina and aluminum. Its operations span the aluminum value chain, including bauxite mining, alumina refining, aluminum smelting, casting and the production of select value-added aluminum products. The company serves customers in industries such as transportation, aerospace, construction, packaging, consumer products and energy.

Founded in 1888 as the Pittsburgh Reduction Company, Alcoa played a major role in developing the commercial aluminum industry and adopted the Alcoa name in 1907.