Ownership Action Alert: Alcoa Inc (LON:AA) Institutional Investors Sentiment Index Dive in Q2 2016

November 25, 2016 - By Winifred Garcia   ·   0 Comments

Ownership Action Alert: Alcoa Inc (LON:AA) Institutional Investors Sentiment Index  Dive in  Q2 2016

Sentiment for Alcoa Inc (LON:AA)

Alcoa Inc (LON:AA) institutional sentiment decreased to 0.55 in Q2 2016. Its down -0.44, from 0.99 in 2016Q1. The ratio turned negative, as 236 active investment managers increased or started new holdings, while 238 cut down and sold their equity positions in Alcoa Inc. The active investment managers in our partner’s database now own: 775.17 million shares, up from 748.92 million shares in 2016Q1. Also, the number of active investment managers holding Alcoa Inc in their top 10 holdings was flat from 13 to 13 for the same number . Sold All: 47 Reduced: 191 Increased: 185 New Position: 51.

AA plc offers roadside assistance service. The company has a market cap of 1.58 billion GBP. The Company’s divisions include Roadside Assistance, Insurance Services, Driving Services, Ireland, Insurance Underwriting and Head Office costs. It has a 16.63 P/E ratio. The Roadside Assistance segment sends patrols to members stranded at the side of the road and repairs their vehicles.

About 534,598 shares traded hands. AA PLC (LON:AA) has declined 8.76% since April 28, 2016 and is downtrending. It has underperformed by 14.17% the S&P500.

Analysts await Arconic Inc (NYSE:ARNC) to report earnings on January, 9.

According to Zacks Investment Research, “Alcoa is a global industry leader in bauxite, alumina and aluminum products.”

Oak Hill Capital Management Llc holds 49.6% of its portfolio in AA PLC for 26.09 million shares. D.C. Capital Advisors Ltd owns 1.00 million shares or 5.42% of their US portfolio. Moreover, Slate Path Capital Lp has 5.1% invested in the company for 7.04 million shares. The California-based First Pacific Advisors Llc has invested 5.04% in the stock. Kessler Investment Group Llc, a Indiana-based fund reported 287,490 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 5 insider purchases, and 0 insider sales for $139,828 net activity.

AA PLC (LON:AA) Ratings Coverage

Ratings analysis reveals 71% of AA Plc’s analysts are positive. Out of 7 Wall Street analysts rating AA Plc, 5 give it “Buy”, 1 “Sell” rating, while 1 recommend “Hold”. The lowest target is GBX 190 while the high is GBX 1620. The stock’s average target of GBX 518.57 is 99.76% above today’s (GBX 259.6) share price. AA was included in 32 notes of analysts from August 12, 2015. The stock of AA PLC (LON:AA) has “Buy” rating given on Monday, November 21 by Goldman Sachs. The stock of AA PLC (LON:AA) earned “Buy” rating by Berenberg on Wednesday, November 4. The stock of AA PLC (LON:AA) earned “Buy” rating by Liberum Capital on Monday, August 15. Jefferies maintained the stock with “Underperform” rating in Tuesday, July 26 report. The company was maintained on Wednesday, September 14 by Liberum Capital. Jefferies maintained AA PLC (LON:AA) on Friday, September 30 with “Underperform” rating. The stock of AA PLC (LON:AA) has “Buy” rating given on Thursday, October 27 by Berenberg. Liberum Capital maintained the shares of AA in a report on Monday, December 14 with “Buy” rating. On Tuesday, October 4 the stock rating was maintained by Liberum Capital with “Buy”. The firm has “Hold” rating by Peel Hunt given on Friday, January 22.

AA Company Profile

Alcoa Corporation, formerly Alcoa Upstream Corporation, is engaged in the production of bauxite, alumina and aluminum of various cast and rolled products. The Firm 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 Company’s divisions include Bauxite, Alumina, Aluminum, Cast Products, Energy and Rolled Products.

Another recent and important AA PLC (LON:AA) news was published by Reuters.com which published an article titled: “BRIEF-AA Plc says eligible note holders can tender up to 200 mln stg for c…” on November 17, 2016.

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By Winifred Garcia

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