Amg National Trust Bank buys $1,954,748 stake in Alcoa Inc (AA)

Alcoa Inc (AA) : Amg National Trust Bank scooped up 112 additional shares in Alcoa Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 187,776 shares of Alcoa Inc which is valued at $1,954,748.Alcoa Inc makes up approximately 0.17% of Amg National Trust Bank’s portfolio.

Other Hedge Funds, Including , California Public Employees Retirement System reduced its stake in AA by selling 64,200 shares or 1.76% in the most recent quarter. The Hedge Fund company now holds 3,593,626 shares of AA which is valued at $37,409,647. Alcoa Inc makes up approx 0.06% of California Public Employees Retirement System’s portfolio.True Private Wealth Advisors boosted its stake in AA in the latest quarter, The investment management firm added 2,103 additional shares and now holds a total of 13,603 shares of Alcoa Inc which is valued at $141,607. Alcoa Inc makes up approx 0.05% of True Private Wealth Advisors’s portfolio.Ibm Retirement Fund boosted its stake in AA in the latest quarter, The investment management firm added 2,084 additional shares and now holds a total of 172,737 shares of Alcoa Inc which is valued at $1,825,830. Alcoa Inc makes up approx 0.07% of Ibm Retirement Fund’s portfolio.Gierl Augustine Investment Management Inc reduced its stake in AA by selling 8,894 shares or 62.15% in the most recent quarter. The Hedge Fund company now holds 5,416 shares of AA which is valued at $58,005. Alcoa Inc makes up approx 0.06% of Gierl Augustine Investment Management Inc’s portfolio.

Alcoa Inc closed down -0.05 points or -0.48% at $10.45 with 95,01,383 shares getting traded on Monday. Post opening the session at $10.5, the shares hit an intraday low of $10.41 and an intraday high of $10.6 and the price fluctuated in this range throughout the day.Shares ended Monday 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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