Paradigm Asset Management Co. LLC Invests $941,000 in Alcoa Co. (NYSE:AA)

Paradigm Asset Management Co. LLC bought a new position in shares of Alcoa Co. (NYSE:AA) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 24,900 shares of the industrial products company’s stock, valued at approximately $941,000.

Several other hedge funds have also modified their holdings of AA. Quarry LP purchased a new position in Alcoa in the 3rd quarter valued at about $43,000. Continuum Advisory LLC lifted its stake in Alcoa by 1,945.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,125 shares of the industrial products company’s stock valued at $46,000 after buying an additional 1,070 shares in the last quarter. UMB Bank n.a. lifted its stake in Alcoa by 78.5% in the 4th quarter. UMB Bank n.a. now owns 1,360 shares of the industrial products company’s stock valued at $51,000 after buying an additional 598 shares in the last quarter. GAMMA Investing LLC lifted its stake in 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 buying an additional 1,157 shares in the last quarter. Finally, Millburn Ridgefield Corp purchased a new position in Alcoa in the 3rd quarter valued at about $89,000.

Wall Street Analyst Weigh In

AA has been the topic of a number of research reports. Bank of America raised their target price on shares of Alcoa to $58.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. BMO Capital Markets raised their price target on shares of Alcoa to $43.00 and gave the stock a “hold” rating in a report on Friday, January 17th. Jefferies Financial Group cut their price target on shares of Alcoa from $50.00 to $45.00 and set a “buy” rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. raised their price target on shares of Alcoa from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Finally, B. Riley upgraded shares of Alcoa to a “strong-buy” rating in a report on Tuesday, January 21st. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $46.55.

Alcoa Trading Up 3.0 %

Shares of Alcoa stock opened at $37.26 on Friday. Alcoa Co. has a 52-week low of $24.86 and a 52-week high of $47.77. The company has a quick ratio of 0.86, a current ratio of 1.45 and a debt-to-equity ratio of 0.48. The company’s 50-day simple moving average is $37.02 and its 200-day simple moving average is $37.76. The firm has a market cap of $9.63 billion, a price-to-earnings ratio of -232.85, a price-to-earnings-growth ratio of 0.20 and a beta of 2.43.

Alcoa (NYSE:AA) last issued its quarterly 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%. As a group, equities research analysts anticipate that Alcoa Co. will post 4.43 earnings per share for the current year.

Alcoa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Tuesday, March 4th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.07%. Alcoa’s dividend payout ratio (DPR) is presently -250.00%.

About Alcoa

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.