Alcoa Inc (NYSE:AA) Stock Price Up as Sentiment Worsens, now at 0

June 27, 2018 - By Don Salinas

Alcoa Corporation (NYSE:AA) Corporate Logo

Alcoa Inc’s Sentiment

“Big money sentiment for Alcoa Inc (NYSE:AA) in Q1 2018 decreased to 0, according to SEC.gov filings. That’s down -0.67, from 2017Q4’s 0.67. 0 hedge funds opened new and increased stock positions, while 4 cut down and sold positions in Alcoa Inc so the sentiment turned negative. These funds own 251,028 shares, that’s down from 644,941 shares in 2017Q4. Funds holding Alcoa Inc in top 10 changed to 0 from 0 for the same number . 2 Investors Sold All; 2 Reduced Holdings; 0 increased stakes while 0 hedge funds bought stakes.

Most Alcoa Inc Investors

As of Q1 2018 Carmignac Gestion has 0.08% invested in Alcoa Inc. Alcoa Inc’s shareholder Cypress Capital Management Llc (Wy) owns 610 shares as of Q1 2018. Moreover, Focused Wealth Management Inc reported 29 shares in Alcoa Inc equivalent to 0% of its fund’s portfolio. The California-based fund Gemmer Asset Management Llc have invested about 0% of the investment manager’s stock portfolio in Alcoa Inc. The Pennsylvania-based fund Vantage Investment Advisors Llc looks positive on Alcoa Inc, owning 347 shares.

Alcoa Corporation produces and sells bauxite, alumina, and aluminum products.The firm is valued at $8.60 billion. It operates through six divisions, Bauxite, Alumina, Aluminum, Cast Products, Energy, and Rolled Products.The P/E ratio is 60.75. The firm also offers aluminum cast products; and aluminum sheets for the production of cans for beverage, food, and pet food.

AA is hitting $46.11 during the last trading session, after increased 0.68%.Alcoa Corporation has volume of 1.13M shares. Since June 27, 2017 AA has risen 44.85% and is uptrending. The stock outperformed the S&P500 by 32.28%.

Alcoa Corporation (NYSE:AA)’s earnings report is awaited on July, 18., according to Faxor. Last year’s EPS was $0.62, while now analysts expect change of 153.23 % up from current $1.57 EPS. If AA’s EPS is $1.57 the profit will be $292.72 million for 7.34 P/E. After $0.77 EPS report last quarter, Wall Street now predicts 103.90 % EPS growth of Alcoa Corporation.

Focused Wealth Mngmt Inc accumulated 29 shs or 0% of the stock. Vantage Advisors Ltd reported 347 shs. Wyoming-based Cypress Cap Mgmt Ltd Liability Com (Wy) has invested 0.03% in Alcoa Corporation (NYSE:AA). 42 are owned by Gemmer Asset Ltd Liability Corporation. Carmignac Gestion owns 250,000 shs for 0.08% of their capital.

Alcoa Corporation had 0 sales and 4 insider purchases since February 8, 2018. This’s net activity of $15.40 million. $33,500 worth of Alcoa Corporation (NYSE:AA) was bought by SCHMIDT ULRICH on Thursday, May 3. The insider Hess David P bought $999,557. 544,000 shs were bought by ELLIOTT INTERNATIONAL – L.P., worth $9.77 million on Tuesday, May 15.

Alcoa Corporation (NYSE:AA) Ratings Coverage

In total 13 analysts cover Alcoa Inc (NYSE:AA). “Buy” rating has 9, “Sell” are 0, while 4 are “Hold”. (NYSE:AA) has 69% bullish analysts. With $80 highest and $4700 lowest PT, Alcoa Inc has $64.67 average PT or 40.25% above the current ($46.11) price. 19 are the (NYSE:AA)’s ratings reports on 27 Jun 2018 according to StockzIntelligence Inc. On Wednesday, January 17 Cowen & Co maintained Alcoa Corporation (NYSE:AA) with “Hold” rating. On Tuesday, April 24 Morgan Stanley maintained Alcoa Corporation (NYSE:AA) rating. Morgan Stanley has “Overweight” rating and $60 target. In Monday, April 9 report Citigroup maintained the stock with “Buy” rating. On Thursday, April 19 the stock of Alcoa Corporation (NYSE:AA) has “Outperform” rating given by BMO Capital Markets. In Thursday, January 18 report Bank of America maintained the stock with “Buy” rating. On Thursday, April 19 Bank of America maintained Alcoa Corporation (NYSE:AA) rating. Bank of America has “Buy” rating and $69 target. On Monday, February 5 the firm has “Buy” rating by J.P. Morgan given. On Thursday, January 18 the stock has “Buy” rating by CFRA. On Thursday, April 19 the firm has “Outperform” rating by Credit Suisse given. On Friday, April 20 the stock of Alcoa Corporation (NYSE:AA) has “Buy” rating given by Argus Research.

For more Alcoa Corporation (NYSE:AA) news released briefly go to: Investorplace.com, Benzinga.com, Seekingalpha.com, Globenewswire.com or Seekingalpha.com. The titles are as follows: “20 Massively Underpriced Stocks Wall Street Expects to Soar” released on June 25, 2018, “A Look Back At What’s Happened To Each Sector Through The First Half Of 2018 (Part 2)” on June 19, 2018, “Alcoa: Strong Operating Momentum, Attractive Relative Value” with a publish date: June 22, 2018, “Report: Exploring Fundamental Drivers Behind Cabot Oil & Gas, Chesapeake Lodging Trust, CASI Pharmaceuticals …” and the last “Aluminum Tariffs Results Are A Mixed Bag For US So Far” with publication date: June 26, 2018.

Alcoa Corporation (NYSE:AA) Analyst Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.