Yousif Capital Management LLC Sells 3,100 Shares of Alcoa Co. (NYSE:AA)

Yousif Capital Management LLC reduced its stake in Alcoa Co. (NYSE:AA) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,611 shares of the industrial products company’s stock after selling 3,100 shares during the period. Yousif Capital Management LLC’s holdings in Alcoa were worth $3,650,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. ARGA Investment Management LP boosted its stake in Alcoa by 29.6% in the 4th 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. Ninety One UK Ltd lifted its holdings in shares of Alcoa by 39.5% in the fourth quarter. Ninety One UK Ltd now owns 498,574 shares of the industrial products company’s stock worth $18,836,000 after buying an additional 141,261 shares in the last quarter. Trust Point Inc. boosted its position in shares of Alcoa by 24.8% in the fourth quarter. Trust Point Inc. now owns 8,591 shares of the industrial products company’s stock valued at $325,000 after acquiring an additional 1,707 shares during the period. Rheos Capital Works Inc. bought a new position in shares of Alcoa in the fourth quarter valued at approximately $2,002,000. Finally, Ausbil Investment Management Ltd purchased a new position in Alcoa during the fourth quarter valued at approximately $429,000.

Alcoa Stock Performance

Shares of NYSE AA opened at $36.12 on Friday. The stock has a market cap of $9.33 billion, a price-to-earnings ratio of -225.77, a P/E/G ratio of 0.20 and a beta of 2.43. The stock’s 50-day moving average is $38.20 and its 200 day moving average is $37.50. The company has a current ratio of 1.45, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48. Alcoa Co. has a 1-year low of $24.86 and a 1-year high of $47.77.

Alcoa (NYSE:AA) last announced its quarterly earnings data on Wednesday, January 22nd. The industrial products company reported $1.04 earnings per share 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%. On average, sell-side analysts anticipate that Alcoa Co. will post 4.43 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on AA shares. Jefferies Financial Group lowered their target price on shares of Alcoa from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Bank of America increased their price objective on Alcoa to $58.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Argus upgraded Alcoa from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Wednesday, October 23rd. StockNews.com raised Alcoa from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Finally, B. Riley raised Alcoa to a “strong-buy” rating in a report on Tuesday, January 21st. Four equities research 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 stock. According to data from MarketBeat.com, the company currently 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.