XY Capital Ltd Invests $749,000 in Alcoa Co. (NYSE:AA)

XY Capital Ltd acquired a new position in Alcoa Co. (NYSE:AA) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 19,817 shares of the industrial products company’s stock, valued at approximately $749,000. Alcoa comprises 0.4% of XY Capital Ltd’s investment portfolio, making the stock its 21st biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ballentine Partners LLC increased its stake in Alcoa by 3.2% in the 4th quarter. Ballentine Partners LLC now owns 8,973 shares of the industrial products company’s stock valued at $339,000 after buying an additional 279 shares during the last quarter. Wilmington Savings Fund Society FSB increased its stake in Alcoa by 5.3% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 6,521 shares of the industrial products company’s stock valued at $246,000 after buying an additional 328 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Alcoa by 3.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,469 shares of the industrial products company’s stock valued at $365,000 after buying an additional 339 shares during the last quarter. Blue Trust Inc. increased its stake in Alcoa by 12.0% in the 3rd quarter. Blue Trust Inc. now owns 3,222 shares of the industrial products company’s stock valued at $128,000 after buying an additional 344 shares during the last quarter. Finally, CreativeOne Wealth LLC increased its stake in Alcoa by 4.1% in the 3rd quarter. CreativeOne Wealth LLC now owns 9,114 shares of the industrial products company’s stock valued at $352,000 after buying an additional 360 shares during the last quarter. 82.39% of the stock is owned by hedge funds and other institutional investors.

Alcoa Price Performance

Shares of NYSE AA opened at $36.12 on Monday. The stock has a market cap of $9.33 billion, a PE ratio of -225.77, a price-to-earnings-growth ratio of 0.20 and a beta of 2.43. Alcoa Co. has a fifty-two week low of $24.86 and a fifty-two week high of $47.77. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.45. The stock has a fifty day moving average of $38.20 and a 200-day moving average of $37.56.

Alcoa (NYSE:AA) last released its quarterly earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.13. Alcoa had a net margin of 0.50% and a return on equity of 5.54%. Equities research analysts anticipate that Alcoa Co. will post 4.43 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. UBS Group increased their price objective on shares of Alcoa from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Jefferies Financial Group decreased their price objective on shares of Alcoa from $50.00 to $45.00 and set a “buy” rating for the company in a report on Monday, January 6th. BMO Capital Markets raised their price objective on shares of Alcoa to $43.00 and gave the stock a “hold” rating in a report on Friday, January 17th. StockNews.com upgraded shares of Alcoa from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Finally, Argus upgraded shares of Alcoa from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $46.55.

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.