U S Global Investors Inc. Invests $189,000 in Alcoa Co. (NYSE:AA)

U S Global Investors Inc. purchased a new stake in shares of Alcoa Co. (NYSE:AA) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,000 shares of the industrial products company’s stock, valued at approximately $189,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mountaineer Partners Management LLC lifted its position in Alcoa by 4,023.0% during the third quarter. Mountaineer Partners Management LLC now owns 10,795,880 shares of the industrial products company’s stock valued at $416,505,000 after buying an additional 10,534,036 shares during the period. State Street Corp boosted its stake in 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 acquiring an additional 1,805,915 shares in the last quarter. Geode Capital Management LLC boosted its stake in Alcoa by 42.0% during the third quarter. Geode Capital Management LLC now owns 4,193,744 shares of the industrial products company’s stock worth $161,838,000 after acquiring an additional 1,239,479 shares in the last quarter. ARGA Investment Management LP grew its holdings in Alcoa by 29.6% in the fourth quarter. ARGA Investment Management LP now owns 2,998,311 shares of the industrial products company’s stock worth $113,276,000 after purchasing an additional 684,505 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Alcoa by 8.1% during the fourth quarter. Bank of New York Mellon Corp now owns 2,550,861 shares of the industrial products company’s stock valued at $96,372,000 after purchasing an additional 192,078 shares during the last quarter. 82.39% of the stock is owned by hedge funds and other institutional investors.

Alcoa Trading Down 0.7 %

NYSE:AA opened at $33.45 on Friday. The company has a market cap of $8.66 billion, a PE ratio of -209.04, a price-to-earnings-growth ratio of 0.19 and a beta of 2.43. The company has a current ratio of 1.45, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48. The company has a 50 day simple moving average of $36.64 and a two-hundred day simple moving average of $37.92. Alcoa Co. has a 12 month low of $25.97 and a 12 month high of $47.77.

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

Alcoa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Tuesday, March 4th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Tuesday, March 4th. Alcoa’s dividend payout ratio (DPR) is presently -250.00%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AA. Jefferies Financial Group reduced their price objective on Alcoa from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Bank of America raised their price target on Alcoa to $58.00 and gave the company a “buy” rating in a report on Friday, January 24th. Morgan Stanley dropped their price target on shares of Alcoa from $55.00 to $51.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. B. Riley upgraded shares of Alcoa to a “strong-buy” rating in a research note on Tuesday, January 21st. Finally, JPMorgan Chase & Co. increased their price target on shares of Alcoa from $38.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $46.55.

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.