Alcoa $AA Shares Acquired by Entropy Technologies LP

Entropy Technologies LP increased its stake in shares of Alcoa (NYSE:AA) by 914.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 98,017 shares of the industrial products company’s stock after acquiring an additional 88,352 shares during the period. Entropy Technologies LP’s holdings in Alcoa were worth $6,501,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in AA. Basepoint Wealth LLC acquired a new stake in Alcoa during the 4th quarter worth approximately $25,000. Advisory Services Network LLC acquired a new position in Alcoa during the 3rd quarter worth approximately $27,000. Raleigh Capital Management Inc. raised its stake in shares of Alcoa by 52,500.0% during the 4th quarter. Raleigh Capital Management Inc. now owns 526 shares of the industrial products company’s stock worth $28,000 after buying an additional 525 shares in the last quarter. CoreCap Advisors LLC raised its stake in shares of Alcoa by 74.1% during the 4th quarter. CoreCap Advisors LLC now owns 557 shares of the industrial products company’s stock worth $30,000 after buying an additional 237 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of Alcoa by 5,281.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 592 shares of the industrial products company’s stock valued at $31,000 after buying an additional 581 shares during the period.

Alcoa Trading Down 2.4%

NYSE AA opened at $44.20 on Friday. Alcoa has a 12 month low of $28.11 and a 12 month high of $84.38. The company has a 50-day moving average of $59.57 and a 200-day moving average of $62.13. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.53 and a quick ratio of 0.92. The company has a market cap of $11.66 billion, a P/E ratio of 9.10, a P/E/G ratio of 0.51 and a beta of 1.63.

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

Alcoa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Tuesday, May 19th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, May 19th. Alcoa’s dividend payout ratio (DPR) is 8.23%.

Analyst Ratings Changes

AA has been the topic of a number of recent analyst reports. UBS Group dropped their price objective on Alcoa from $80.00 to $68.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Bank of America lowered their target price on shares of Alcoa from $57.00 to $51.00 and set an “underperform” rating on the stock in a research report on Thursday, July 9th. BMO Capital Markets reduced their price target on shares of Alcoa from $60.00 to $55.00 and set a “market perform” rating for the company in a research report on Friday, July 17th. Argus decreased their price target on Alcoa from $73.00 to $55.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Wells Fargo & Company dropped their price objective on Alcoa from $72.00 to $71.00 and set an “overweight” rating for the company in a research note on Friday, July 17th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Alcoa has an average rating of “Hold” and an average target price of $61.09.

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.