Economy

Jennison Associates LLC Buys Shares of 316213 Alcoa Corp. (AA)

Jennison Associates LLC Buys Shares of 316213 Alcoa Corp. (AA)”

Amg Funds Llc who had been investing in Alcoa Inc for a number of months, seems to be less bullish one the $8.29 billion market cap company. About shares traded. Alcoa Corp (AA) has 0.00% since September 12, 2016 and is. The fund owned 210,835 shares of the company's stock after selling 185 shares during the period. Citadel Advisors LLC owns 219,709 shares worth $7,173,000. Pacer Advisors Inc. now owns 4,140 shares of the industrial products company's stock worth $142,000 after acquiring an additional 132 shares in the last quarter. Utah Retirement Systems now owns 33,849 shares of the industrial products company's stock valued at $1,105,000 after buying an additional 7,200 shares in the last quarter.

Spo Advisory Corp increased Liberty Global Plc (LBTYK) stake by 3.91% reported in 2016Q4 SEC filing. Sg Americas Securities, LLC controls 8,816 shares valued at $288,000. Finally, Van ECK Associates Corp raised its holdings in shares of Alcoa Corp.by 42.3% in the first quarter. Euclid Advisors LLC now owns 2,709,073 shares of the company's stock valued at $25,113,000 after buying an additional 1,642,363 shares during the period.

TRADEMARK VIOLATION NOTICE: "Cambridge Investment Research Advisors Inc". This is not a recommendation to buy or sell Alcoa Corporation (NYSE:AA). If you are accessing this report on another site, it was illegally copied and republished in violation of USA and global trademark and copyright laws.

Alcoa Corp. (NYSE:AA) last announced its quarterly earnings data on Tuesday, January 24th. Ftb Advsr reported 0% in Alcoa Corp (NYSE:AA). Finally, Zacks Investment Research upgraded Alcoa Corp. from a "hold" rating to a "strong-buy" rating and set a $51.00 price objective on the stock in a report on Wednesday, September 6th. Morgan Stanley maintained Alcoa Corp (NYSE:AA) on Thursday, June 30 with "Overweight" rating. Macquarie Research initiated the stock with "Neutral" rating in Tuesday, November 1 report.

It's a amusing thing about commodity companies: Talk all you want about fundamentals, but so much of the future returns come down to the price of the commodity they produce. Out of 11 Wall Street analysts rating Alcoa, 5 give it "Buy", 0 "Sell" rating, while 6 recommend "Hold". Three research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. Sell-side firms, on a consensus basis have a $44.33 price target on the name and a 2.10 recommendation, according to First Call.

Shares of Alcoa Corp. (AA) opened at 43.60 on Tuesday. Alcoa Inc. has $46 highest and $2 lowest target.

Shares last traded at $43.60 which is significantly above the 50 day moving average of $39.27 and which is quite a bit above the 200 day moving average of $34.88. The firm has a market cap of $8.04 billion and a PE ratio of 49.60. (NYSE:AA) by 0.1% during the third quarter, Holdings Channel reports. As of the last earnings report the EPS was $0.88 and is estimated to be $2.86 for the current year with 184,339,000 shares now outstanding. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.88 billion.

The main U.S. indices ended Friday's session weaker, as USA economic growth cooled to the slowest pace in three years in the first quarter and geopolitical concerns reemerged. During the same period in the previous year, the business earned $0.15 EPS. Equities analysts expect that Alcoa Corp. will post $2.86 EPS for the current year.

We update Alcoa's outlook to incorporate Deutsche Bank's new higher alumina chain forecasts which are predicated on capacity curtailments in China, reducing domestic surplus, and exports of aluminum products to Rest of World. The Company is engaged in the production and management of aluminum and alumina combined through its participation in various aspects of the industry, such as technology, mining, refining, smelting, and recycling. The insider, ZEDILLO ERNESTO, now holds 6,397 shares of AA.



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