SG Americas Securities LLC Sells 41,300 Shares of Alcoa Co. (NYSE:AA)

SG Americas Securities LLC trimmed its holdings in shares of Alcoa Co. (NYSE:AA) by 91.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,964 shares of the industrial products company’s stock after selling 41,300 shares during the period. SG Americas Securities LLC’s holdings in Alcoa were worth $150,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of AA. Mountaineer Partners Management LLC increased its stake in shares of Alcoa by 4,023.0% in the 3rd quarter. Mountaineer Partners Management LLC now owns 10,795,880 shares of the industrial products company’s stock valued at $416,505,000 after acquiring an additional 10,534,036 shares during the last quarter. State Street Corp boosted its position in shares of Alcoa by 23.3% during the third quarter. State Street Corp now owns 9,563,645 shares of the industrial products company’s stock worth $368,965,000 after purchasing an additional 1,805,915 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Alcoa by 42.0% in the 3rd quarter. Geode Capital Management LLC now owns 4,193,744 shares of the industrial products company’s stock valued at $161,838,000 after buying an additional 1,239,479 shares during the period. ARGA Investment Management LP increased its position in shares of Alcoa by 1.5% in the 3rd quarter. ARGA Investment Management LP now owns 2,313,806 shares of the industrial products company’s stock valued at $89,267,000 after buying an additional 34,878 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Alcoa by 32.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,888,590 shares of the industrial products company’s stock worth $72,862,000 after buying an additional 467,986 shares during the period.

Alcoa Stock Performance

AA opened at $36.93 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.45 and a quick ratio of 0.86. The company has a market capitalization of $9.54 billion, a PE ratio of -230.83, a price-to-earnings-growth ratio of 0.20 and a beta of 2.43. The business has a fifty day simple moving average of $38.02 and a 200 day simple moving average of $37.59. Alcoa Co. has a 1 year low of $24.86 and a 1 year high of $47.77.

Alcoa (NYSE:AA) last announced its earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.13. Alcoa had a net margin of 0.50% and a return on equity of 5.54%. Research analysts expect that Alcoa Co. will post 4.43 EPS for the current year.

Analyst Upgrades and Downgrades

AA has been the subject of several research analyst reports. StockNews.com upgraded shares of Alcoa from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. BMO Capital Markets upped their target price on shares of Alcoa to $43.00 and gave the stock a “hold” rating in a research note on Friday, January 17th. UBS Group lifted their price target on Alcoa from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Argus raised Alcoa from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Wednesday, October 23rd. Finally, Bank of America lifted their target price on Alcoa to $58.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.55.

Alcoa Company 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.