Kessler Investment Group buys $3,050,269 stake in Alcoa Inc (AA)

Alcoa Inc (AA) : Kessler Investment Group scooped up 5,172 additional shares in Alcoa Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 287,490 shares of Alcoa Inc which is valued at $3,050,269.Alcoa Inc makes up approximately 4.20% of Kessler Investment Group’s portfolio.

Other Hedge Funds, Including , Berkshire Asset Managementpa reduced its stake in AA by selling 39,000 shares or 66.21% in the most recent quarter. The Hedge Fund company now holds 19,900 shares of AA which is valued at $211,139. Alcoa Inc makes up approx 0.03% of Berkshire Asset Managementpa’s portfolio.Deroy Devereaux Private Investment Counsel Inc reduced its stake in AA by selling 15,000 shares or 24.69% in the most recent quarter. The Hedge Fund company now holds 45,750 shares of AA which is valued at $489,983. Alcoa Inc makes up approx 0.06% of Deroy Devereaux Private Investment Counsel Inc’s portfolio.Chevy Chase Trust Holdings boosted its stake in AA in the latest quarter, The investment management firm added 15,297 additional shares and now holds a total of 1,125,162 shares of Alcoa Inc which is valued at $11,049,091. Alcoa Inc makes up approx 0.06% of Chevy Chase Trust Holdings’s portfolio. Mazama Capital Management Inc added AA to its portfolio by purchasing 43,909 company shares during the most recent quarter which is valued at $431,186. Alcoa Inc makes up approx 0.08% of Mazama Capital Management Inc’s portfolio.

Alcoa Inc closed down -0.02 points or -0.19% at $10.61 with 1,63,05,409 shares getting traded on Wednesday. Post opening the session at $10.51, the shares hit an intraday low of $10.35 and an intraday high of $10.63 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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.Rosenblatt Initiated Alcoa Inc on Apr 26, 2016 to “Buy”, Price Target of the shares are set at $15.

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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