Delta Capital Management Lowers stake in Alcoa Inc (AA)

Alcoa Inc (AA) : Delta Capital Management reduced its stake in Alcoa Inc by 10.78% during the most recent quarter end. The investment management company now holds a total of 134,476 shares of Alcoa Inc which is valued at $1,399,895 after selling 16,250 shares in Alcoa Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Alcoa Inc makes up approximately 1.05% of Delta Capital Management’s portfolio.

Other Hedge Funds, Including , Hudock Capital Group boosted its stake in AA in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 518 shares of Alcoa Inc which is valued at $5,392.Oakbrook Investments boosted its stake in AA in the latest quarter, The investment management firm added 13,900 additional shares and now holds a total of 88,150 shares of Alcoa Inc which is valued at $931,746. Alcoa Inc makes up approx 0.05% of Oakbrook Investments’s portfolio.Creative Planning reduced its stake in AA by selling 52,306 shares or 39.95% in the most recent quarter. The Hedge Fund company now holds 78,631 shares of AA which is valued at $842,138. Alcoa Inc makes up approx 0.01% of Creative Planning’s portfolio.Ct Financial Advisors reduced its stake in AA by selling 517 shares or 72.11% in the most recent quarter. The Hedge Fund company now holds 200 shares of AA which is valued at $1,964.

Alcoa Inc closed down -0.01 points or -0.10% at $10.4 with 1,18,19,919 shares getting traded on Thursday. Post opening the session at $10.36, the shares hit an intraday low of $10.25 and an intraday high of $10.46 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Alcoa Inc reported $0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 11, 2016. Analyst had a consensus of $0.10. The company had revenue of $5295.00 million for the quarter, compared to analysts expectations of $5224.35 million. The company’s revenue was down -10.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.19 EPS.

Many Wall Street Analysts have commented on Alcoa Inc. Alcoa Inc was Upgraded by BofA/Merrill to ” Buy” on May 23, 2016. Goldman Initiated Alcoa Inc on May 19, 2016 to “Neutral”, Price Target of the shares are set at $9.

Alcoa Inc. (Alcoa) is engaged in lightweight metals engineering and manufacturing. The Company operates in four segments: Alumina Primary Metals Global Rolled Products and Engineered Products and Solutions. Its products which include aluminum titanium and nickel are used in aircraft automobiles commercial transportation packaging building and construction oil and gas defense consumer electronics and industrial applications across the world. It also produces and manages primary aluminum fabricated aluminum and alumina combined through its active participation in the aspects of the industry including technology mining refining smelting fabricating and recycling. The Company has investments and operating activities in Australia Brazil China Guinea Iceland Russia and Saudi Arabia among others. It produces three dimensional (3D-printed) titanium specialty metals and plastic parts for aerospace medical and energy applications.

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