WINTON GROUP Ltd Has $348,000 Stock Position in Alcoa Corp (NYSE:AA)

WINTON GROUP Ltd decreased its stake in shares of Alcoa Corp (NYSE:AA) by 33.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,875 shares of the industrial products company’s stock after selling 7,608 shares during the quarter. WINTON GROUP Ltd’s holdings in Alcoa were worth $348,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Parallel Advisors LLC increased its holdings in shares of Alcoa by 143.3% during the 1st quarter. Parallel Advisors LLC now owns 1,000 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 589 shares during the last quarter. Farmers National Bank acquired a new position in Alcoa in the 1st quarter valued at $32,000. Penserra Capital Management LLC acquired a new position in Alcoa in the 1st quarter valued at $107,000. Investors Research Corp acquired a new position in Alcoa in the 1st quarter valued at $124,000. Finally, Oppenheimer & Co. Inc. acquired a new position in Alcoa in the 1st quarter valued at $235,000.

Shares of AA stock traded down $0.76 on Friday, hitting $20.57. 53,698 shares of the company’s stock were exchanged, compared to its average volume of 3,444,417. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.83 and a current ratio of 1.47. Alcoa Corp has a 12 month low of $20.82 and a 12 month high of $45.65. The company has a market capitalization of $3.89 billion, a PE ratio of 5.82 and a beta of 1.34. The stock’s 50 day moving average is $22.75.

Alcoa (NYSE:AA) last announced its quarterly earnings data on Wednesday, July 17th. The industrial products company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.34) by $0.33. Alcoa had a positive return on equity of 2.74% and a negative net margin of 4.92%. The business had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same period in the prior year, the company earned $1.52 EPS. Alcoa’s revenue for the quarter was down 24.3% on a year-over-year basis. As a group, analysts predict that Alcoa Corp will post -0.23 EPS for the current fiscal year.

A number of analysts have recently weighed in on the company. Deutsche Bank downgraded Alcoa from a “buy” rating to a “hold” rating and cut their target price for the company from $35.00 to $23.00 in a research report on Thursday, July 11th. JPMorgan Chase & Co. cut their target price on Alcoa from $60.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. ValuEngine upgraded Alcoa from a “hold” rating to a “buy” rating in a research report on Thursday. Jefferies Financial Group downgraded Alcoa from a “buy” rating to a “hold” rating and cut their target price for the company from $29.00 to $23.00 in a research report on Thursday, July 18th. Finally, Zacks Investment Research downgraded Alcoa from a “hold” rating to a “sell” rating in a research report on Monday, July 15th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. Alcoa presently has an average rating of “Hold” and an average price target of $35.69.

About Alcoa

Alcoa Corporation produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Brazil, Canada, and internationally. The company operates through Bauxite, Alumina, and Aluminum segments. It engages in bauxite mining operations; and processes bauxite into alumina and sells bauxite to customers who process it into industrial chemical products.

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Institutional Ownership by Quarter for Alcoa (NYSE:AA)

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