Economy

Alcoa Corporation (NYSE:AA) Sees Significantly Lower Trading Volume

Alcoa Corporation (NYSE:AA) Sees Significantly Lower Trading Volumeā€

Alcoa Corporation is based in New York, New York. AA (NYSE:AA) to Buy in a statement released on 6/23/2017. They now have $60.00 price target on the industrial products company's stock, up from their prior price target of $4.00. Citigroup Inc. restated a buy rating and issued a $45.00 price objective on shares of Alcoa Corp.in a research report on Friday, May 19th. Clarkson Capital initiated coverage on shares of Alcoa Corp.in a research report on Monday, May 22nd. They issued a neutral rating and a $42.00 price objective for the company.

Finally, Macquarie started coverage on shares of Alcoa Corp.in a research report on Thursday, September 7th. Eleven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Volume was down 86.55% under the stocks average daily volume. The legal version of this report can be accessed at https://weekherald.com/2017/09/15/bt-investment-management-ltd-invests-83-38-million-in-alcoa-corp-aa.html.

In the market the company is trading up by 0.68% percent from yesterday's close. Alcoa Corp. has a 12 month low of $20.00 and a 12 month high of $45.20. The company has a 50 day moving average price of $39.27 and a 200 day moving average price of $34.88. The firm's market cap is $6.91 billion.

Alcoa Corp. comprises about 1.0% of Westpac Banking Corp's portfolio, making the stock its 18th largest position. (NYSE:AA) by 91.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The industrial products company reported $0.62 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.60 by $0.02. The business had revenue of $2.86 billion for the quarter, compared to analysts' expectations of $2.88 billion. In the last earnings report the EPS was $0.88 and is projected to be $2.86 for the current year with 184,339,000 shares presently outstanding. Next quarter's EPS is forecasted at $0.93 and the next full year EPS is anticipated to be $2.77. If you are reading this article on another website, it was stolen and republished in violation of USA & worldwide trademark & copyright legislation.

Other institutional investors and hedge funds have also recently modified their holdings of the company. As of quarter end Citadel Advisors LLC had bought 108,597 shares growing its holdings by 97.7%. The value of the total investment in Alcoa Corporation went from $26,685,000 to $288,000 a change of 98.9% since the last quarter.

In the second quarter, the firm's realized prices of aluminum and alumina were up 19% and 18%, respectively, from a year ago, which drove revenues up 23% and EBITDA up a solid 56%. Finally, Argus began coverage on shares of Alcoa Corp.in a report on Friday, December 9th. The company had a trading volume of 3,329,546 shares. 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. Sg Americas Securities, LLC cut its holdings by selling 2,622,881 shares a decrease of 99.7%. The brokerage issued an outperform rating on the industrial products company's stock.

Aluminum Corporation of China Limited is an aluminum producer with activities in bauxite and coal mining, alumina refining and primary aluminum smelting.



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