432 institutions hold shares in Alcoa Corporation (AA), with 1.02M shares held by insiders accounting for 0.55% while institutional investors hold 77.34% of the company’s shares. The shares outstanding are 186.00M, and float is at 184.82M with Short Float at 6.03%. Institutions hold 76.92% of the Float.
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The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 16.78 million shares valued at $195.15 million. The investor’s holdings represent 9.02% of the AA Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 13.93 million shares valued at $320.98 million to account for 7.49% of the shares outstanding. The other top investors are Orbis Allan Gray Ltd which holds 10.96 million shares representing 5.90% and valued at over $127.47 million, while Dimensional Fund Advisors LP holds 4.20% of the shares totaling 7.81 million with a market value of $90.87 million.
Alcoa Corporation (NYSE: AA) is 0.35% higher on its value in year-to-date trading and has touched a low of $5.16 and a high of $26.20 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AA stock was last observed hovering at around $21.12 in the last trading session, with the day’s gains setting it 2.01% off its average median price target of $22.00 for the next 12 months. It is also 25.39% off the consensus price target high of $31.00 offered by 12 analysts, but current levels are -21.74% lower than the price target low of $19.00 for the same period.
Currently trading at $23.13, the stock is 14.15% and 5.13% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.26 million and changing 9.52% at the moment leaves the stock 50.95% off its SMA200. AA registered 43.66% gain for a year compared to 6-month gain of 51.08%. The firm has a 50-day simple moving average (SMA 50) of $21.79 and a 200-day simple moving average (SMA200) of $17.49.
The stock witnessed a 1.27% loss in the last 1 month and extending the period to 3 months gives it a 26.60%, and is 8.13% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.95% over the week and 5.07% over the month.
Alcoa Corporation (AA) has around 13800 employees, a market worth around $3.93B and $9.29B in sales. Fwd P/E is 19.63. Profit margin for the company is -6.90%. Distance from 52-week low is 348.26% and -11.72% from its 52-week high. The company has generated returns on investments over the last 12 months (-9.60%).
Alcoa Corporation (AA) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Alcoa Corporation (AA) is a “Hold”. 12 analysts offering their recommendations for the stock have an average rating of 2.60, where 7 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Alcoa Corporation is expected to release its quarterly report on 04/27/2021 and quarterly earnings per share for the current quarter are estimated at $0.38 with sales reaching $2.6B over the same period.The EPS is expected to shrink by -559.70% this year, but quarterly earnings will post 8.00% year-over-year. Quarterly sales are estimated to grow 9.10% in year-over-year returns.
Alcoa Corporation (AA) Insider Activity
A total of 51 insider transactions have happened at Alcoa Corporation (AA) in the last six months, with sales accounting for 14 and purchases happening 37 times. The most recent transaction is an insider purchase by Nevels James E, the company’s Director. SEC filings show that Nevels James E bought 400 shares of the company’s common stock on Jan 27 at a price of $17.50 per share for a total of $7000.0. Following the purchase, the insider now owns 32336.0 shares.
Alcoa Corporation disclosed in a document filed with the SEC on Dec 02 that Jones Tammi A (EVP & CHRO) sold a total of 1,500 shares of the company’s common stock. The trade occurred on Dec 02 and was made at $21.19 per share for $31778.0. Following the transaction, the insider now directly holds 3750.0 shares of the AA stock.
Still, SEC filings show that on Nov 17, Nevels James E (Director) acquired 200 shares at an average price of $17.29 for $3458.0. The insider now directly holds 31,936 shares of Alcoa Corporation (AA).
Alcoa Corporation (AA): Who are the competitors?
The company’s main competitors (and peers) include BHP Group (BBL) that is trading 47.34% up over the past 12 months. Short interest in the company’s stock has risen 20.9% from the last report on Dec 30, 2020 to stand at a total of 8.82 million short shares sold with a short interest ratio of 1.82.