GTS Securities LLC Purchases 15,100 Shares of Alcoa $AA

GTS Securities LLC raised its holdings in shares of Alcoa (NYSE:AA) by 211.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,245 shares of the industrial products company’s stock after purchasing an additional 15,100 shares during the quarter. GTS Securities LLC’s holdings in Alcoa were worth $1,160,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of AA. Checchi Capital Advisers LLC lifted its stake in shares of Alcoa by 3.4% during the 1st quarter. Checchi Capital Advisers LLC now owns 5,138 shares of the industrial products company’s stock valued at $341,000 after buying an additional 170 shares in the last quarter. Essential Partners LLC raised its holdings in Alcoa by 0.9% during the 1st quarter. Essential Partners LLC now owns 20,525 shares of the industrial products company’s stock valued at $1,361,000 after acquiring an additional 193 shares during the period. Northwestern Mutual Investment Management Company LLC lifted its position in shares of Alcoa by 0.4% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 57,940 shares of the industrial products company’s stock worth $3,079,000 after acquiring an additional 229 shares in the last quarter. Crossmark Global Holdings Inc. boosted its holdings in shares of Alcoa by 1.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 13,596 shares of the industrial products company’s stock worth $722,000 after acquiring an additional 241 shares during the period. Finally, Himension Capital Singapore PTE. LTD. grew its position in shares of Alcoa by 1.3% in the first quarter. Himension Capital Singapore PTE. LTD. now owns 18,626 shares of the industrial products company’s stock valued at $1,235,000 after purchasing an additional 246 shares in the last quarter.

Alcoa Stock Performance

Alcoa stock opened at $50.35 on Friday. The firm’s fifty day moving average price is $49.03 and its 200-day moving average price is $59.97. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.92 and a current ratio of 1.53. The stock has a market cap of $13.29 billion, a P/E ratio of 10.36, a price-to-earnings-growth ratio of 0.57 and a beta of 1.63. Alcoa has a fifty-two week low of $30.21 and a fifty-two week high of $84.38.

Alcoa (NYSE:AA) last announced its quarterly earnings data on Thursday, July 16th. The industrial products company reported $2.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.13). Alcoa had a net margin of 9.48% and a return on equity of 18.90%. The company had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.99 billion. During the same period last year, the business posted $0.39 earnings per share. On average, equities research analysts expect that Alcoa will post 6.55 earnings per share for the current fiscal year.

Alcoa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Tuesday, August 11th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, August 11th. Alcoa’s dividend payout ratio is 8.23%.

Analyst Ratings Changes

Several research analysts have commented on AA shares. Bank of America cut their target price on Alcoa from $57.00 to $51.00 and set an “underperform” rating for the company in a research note on Thursday, July 9th. Royal Bank Of Canada set a $70.00 price target on shares of Alcoa in a report on Wednesday, July 1st. JPMorgan Chase & Co. reduced their price objective on shares of Alcoa from $55.00 to $52.00 and set a “neutral” rating for the company in a research note on Friday, July 17th. Morgan Stanley reiterated an “equal weight” rating and issued a $53.00 target price (down from $79.00) on shares of Alcoa in a research note on Wednesday, July 8th. Finally, UBS Group cut their price target on shares of Alcoa from $80.00 to $68.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $61.09.

Insider Buying and Selling

In other Alcoa news, EVP Tammi A. Jones sold 15,628 shares of the stock in a transaction on 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 owned 39,819 shares of the company’s stock, valued at $2,014,841.40. This represents a 28.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Alcoa Profile

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.