Alcoa Inc (AA) : United American Securities (dba Uas Asset Management) has sold out all of its stake in Alcoa Inc during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 145,500 shares of Alcoa Inc which is valued at $1,479,735.
Other Hedge Funds, Including , Cubic Asset Management reduced its stake in AA by selling 9,480 shares or 1.58% in the most recent quarter. The Hedge Fund company now holds 592,170 shares of AA which is valued at $6,022,369. Alcoa Inc makes up approx 1.97% of Cubic Asset Management’s portfolio.Johnson Financial Group reduced its stake in AA by selling 13,194 shares or 66.24% in the most recent quarter. The Hedge Fund company now holds 6,723 shares of AA which is valued at $68,373. Alcoa Inc makes up approx 0.01% of Johnson Financial Group’s portfolio.Cetera Advisors reduced its stake in AA by selling 5,169 shares or 25.32% in the most recent quarter. The Hedge Fund company now holds 15,243 shares of AA which is valued at $155,021. Alcoa Inc makes up approx 0.01% of Cetera Advisors’s portfolio.Integrated Wealth Management reduced its stake in AA by selling 3,000 shares or 93.02% in the most recent quarter. The Hedge Fund company now holds 225 shares of AA which is valued at $2,342.Investors Asset Management Of Georgia Inc Ga Adv boosted its stake in AA in the latest quarter, The investment management firm added 2,325 additional shares and now holds a total of 40,150 shares of Alcoa Inc which is valued at $424,386. Alcoa Inc makes up approx 0.32% of Investors Asset Management Of Georgia Inc Ga Adv’s portfolio.
Alcoa Inc opened for trading at $10.09 and hit $10.19 on the upside on Thursday, eventually ending the session at $10.13, with a gain of 0.50% or 0.05 points. The heightened volatility saw the trading volume jump to 1,34,41,759 shares. Company has a market cap of $13,325 M.
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.