XTX Topco Ltd Sells 53,838 Shares of Alcoa Co. (NYSE:AA)

XTX Topco Ltd reduced its position in shares of Alcoa Co. (NYSE:AA) by 73.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 19,502 shares of the industrial products company’s stock after selling 53,838 shares during the quarter. XTX Topco Ltd’s holdings in Alcoa were worth $737,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Bessemer Group Inc. grew its position in shares of Alcoa by 77.1% during the 4th quarter. Bessemer Group Inc. now owns 680 shares of the industrial products company’s stock worth $26,000 after buying an additional 296 shares during the period. SBI Securities Co. Ltd. bought a new position in Alcoa in the fourth quarter valued at approximately $29,000. Smartleaf Asset Management LLC grew its holdings in Alcoa by 59.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,051 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 393 shares during the period. UMB Bank n.a. raised its position in shares of Alcoa by 78.5% during the 4th quarter. UMB Bank n.a. now owns 1,360 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 598 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Alcoa by 399.0% in the 4th quarter. GAMMA Investing LLC now owns 1,447 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 1,157 shares during the period. 82.39% of the stock is currently owned by institutional investors and hedge funds.

Alcoa Trading Down 7.2 %

Shares of NYSE:AA opened at $23.26 on Friday. The firm has a market cap of $6.02 billion, a price-to-earnings ratio of -145.39, a PEG ratio of 0.19 and a beta of 2.28. Alcoa Co. has a 12 month low of $21.53 and a 12 month high of $47.77. The company’s fifty day simple moving average is $31.33 and its 200 day simple moving average is $37.06. The company has a quick ratio of 0.86, a current ratio of 1.45 and a debt-to-equity ratio of 0.48.

Alcoa (NYSE:AA) last released its quarterly earnings results on Wednesday, April 16th. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.42. The firm had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.58 billion. Alcoa had a return on equity of 5.54% and a net margin of 0.50%. As a group, research analysts forecast that Alcoa Co. will post 4.43 EPS for the current fiscal year.

Alcoa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 4th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date was Tuesday, March 4th. Alcoa’s dividend payout ratio (DPR) is currently -250.00%.

Wall Street Analysts Forecast Growth

AA has been the subject of a number of analyst reports. Bank of America reaffirmed an “underperform” rating and set a $26.00 price objective (down from $58.00) on shares of Alcoa in a research note on Tuesday, April 8th. Morgan Stanley decreased their target price on Alcoa from $55.00 to $51.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. UBS Group cut their price target on shares of Alcoa from $47.00 to $32.00 and set a “buy” rating on the stock in a research report on Tuesday. BMO Capital Markets boosted their price objective on shares of Alcoa to $43.00 and gave the company a “hold” rating in a report on Friday, January 17th. Finally, Jefferies Financial Group cut their target price on shares of Alcoa from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Alcoa currently has a consensus rating of “Moderate Buy” and an average target price of $44.17.

Alcoa Profile

Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Iceland, Norway, Brazil, Canada, and internationally. The company operates through two segments, Alumina and Aluminum. It engages in bauxite mining operations; and processes bauxite into alumina and sells it to customers who process it into industrial chemical products, as well as aluminum smelting and casting businesses.