Flinton Capital Management LLC Buys 45,472 Shares of Alcoa Domestic LLC (AA)

Flinton Capital Management LLC grew its stake in Alcoa Domestic LLC (NYSE:AA) by 80.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 102,060 shares of the industrial products company’s stock after purchasing an additional 45,472 shares during the period. Flinton Capital Management LLC owned about 0.05% of Alcoa Domestic worth $4,589,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Alliancebernstein L.P. lifted its position in shares of Alcoa Domestic by 207.1% during the 4th quarter. Alliancebernstein L.P. now owns 5,279,091 shares of the industrial products company’s stock valued at $284,385,000 after buying an additional 3,559,958 shares in the last quarter. BlackRock Inc. lifted its position in shares of Alcoa Domestic by 7.0% during the 4th quarter. BlackRock Inc. now owns 8,761,507 shares of the industrial products company’s stock valued at $471,984,000 after buying an additional 570,178 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Alcoa Domestic by 2,472.1% during the 1st quarter. Thrivent Financial for Lutherans now owns 565,330 shares of the industrial products company’s stock valued at $25,417,000 after buying an additional 543,351 shares in the last quarter. Hosking Partners LLP purchased a new position in shares of Alcoa Domestic during the 4th quarter valued at approximately $21,021,000. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Alcoa Domestic by 50.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,142,365 shares of the industrial products company’s stock valued at $51,361,000 after buying an additional 382,834 shares in the last quarter.

Shares of Alcoa Domestic opened at $47.93 on Monday, MarketBeat reports. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.85 and a current ratio of 1.39. The firm has a market capitalization of $8.94 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 0.89 and a beta of 0.15. Alcoa Domestic LLC has a fifty-two week low of $29.55 and a fifty-two week high of $62.35.

Alcoa Domestic (NYSE:AA) last announced its quarterly earnings data on Wednesday, April 18th. The industrial products company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.17. The company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.16 billion. Alcoa Domestic had a return on equity of 7.72% and a net margin of 1.17%. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.63 EPS. sell-side analysts expect that Alcoa Domestic LLC will post 4.79 EPS for the current year.

A number of brokerages have recently issued reports on AA. Citigroup lowered Alcoa Domestic from a “buy” rating to a “neutral” rating and decreased their target price for the company from $67.25 to $57.00 in a research report on Tuesday, April 24th. ValuEngine upgraded Alcoa Domestic from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Cowen reiterated a “hold” rating and set a $51.00 target price on shares of Alcoa Domestic in a research report on Monday, April 9th. Morgan Stanley increased their target price on Alcoa Domestic from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, April 24th. Finally, Deutsche Bank set a $70.00 target price on Alcoa Domestic and gave the company a “buy” rating in a research report on Monday, April 23rd. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Alcoa Domestic has a consensus rating of “Buy” and a consensus target price of $63.87.

Alcoa Domestic Company Profile

Alcoa Corporation produces and sells bauxite, alumina, and aluminum products. The company offers aluminum sheets for the production of cans for beverage and food. It also engages in the aluminum smelting, casting, and rolling businesses; and generation and sale of renewable energy, as well as provision of ancillary services.

Institutional Ownership by Quarter for Alcoa Domestic (NYSE:AA)

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