12,790 Shares in Alcoa Co. (NYSE:AA) Acquired by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA acquired a new position in Alcoa Co. (NYSE:AA) in the fourth quarter, Holdings Channel reports. The fund acquired 12,790 shares of the industrial products company’s stock, valued at approximately $454,000.

A number of other large investors also recently bought and sold shares of AA. Newbridge Financial Services Group Inc. bought a new position in Alcoa in the second quarter worth approximately $27,000. UMB Bank n.a. grew its holdings in Alcoa by 481.7% in the third quarter. UMB Bank n.a. now owns 762 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 631 shares during the last quarter. Quarry LP purchased a new position in Alcoa in the third quarter worth $43,000. Continuum Advisory LLC grew its holdings in Alcoa by 1,945.5% in the third quarter. Continuum Advisory LLC now owns 1,125 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 1,070 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Alcoa by 399.0% in the fourth quarter. GAMMA Investing LLC now owns 1,447 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 1,157 shares during the last quarter.

Analysts Set New Price Targets

AA has been the topic of several analyst reports. UBS Group lifted their price target on shares of Alcoa from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Jefferies Financial Group cut their price target on shares of Alcoa from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, January 6th. BMO Capital Markets lifted their price target on shares of Alcoa to $43.00 and gave the stock a “hold” rating in a report on Friday, January 17th. Morgan Stanley cut their price target on shares of Alcoa from $55.00 to $51.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, Argus raised shares of Alcoa from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Wednesday, October 23rd. Four research 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 company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $46.55.

Alcoa Price Performance

NYSE:AA opened at $34.15 on Wednesday. The firm’s fifty day moving average is $39.92 and its two-hundred day moving average is $37.57. The firm has a market cap of $8.82 billion, a price-to-earnings ratio of -213.42, a PEG ratio of 0.16 and a beta of 2.47. Alcoa Co. has a one year low of $24.86 and a one year high of $47.77. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.80 and a current ratio of 1.41.

Alcoa (NYSE:AA) last issued 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 5.48%. Research analysts expect that Alcoa Co. will post 4.27 EPS for the current year.

Alcoa 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.