In today’s session Alcoa Inc (AA) registered an unusually high (320) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious AA increase. With 320 contracts traded and 124 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: AA161118C00030000 closed last at: $0.53 or 77.9% down. About 3.93 million shares traded hands. Alcoa Inc (NYSE:AA) has declined 5.77% since March 10, 2016 and is downtrending. It has underperformed by 13.29% the S&P500.
Alcoa Inc (NYSE:AA) Ratings Coverage
Out of 18 analysts covering Alcoa Inc. (NYSE:AA), 9 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 50% are positive. Alcoa Inc. has been the topic of 33 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, October 9. The company was maintained on Thursday, June 30 by Morgan Stanley. The stock of Alcoa Inc (NYSE:AA) earned “Buy” rating by Bank of America on Tuesday, September 8. Cowen & Co maintained the stock with “Market Perform” rating in Thursday, October 13 report. As per Friday, September 9, the company rating was initiated by Seaport Global. The stock of Alcoa Inc (NYSE:AA) has “Buy” rating given on Tuesday, January 12 by UBS. Deutsche Bank maintained Alcoa Inc (NYSE:AA) on Monday, October 5 with “Buy” rating. The firm earned “Outperform” rating on Friday, March 11 by Credit Suisse. Gabelli maintained the shares of AA in a report on Tuesday, January 12 with “Buy” rating. The firm has “Buy” rating given on Friday, October 9 by Stifel Nicolaus.
According to Zacks Investment Research, “Alcoa Inc. is the world’s leading producer and manager of primary aluminum, fabricated aluminum and alumina facilities, and is active in all major aspects of the industry. Alcoa serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production and other capabilities of Alcoa’s businesses to customers. In addition to aluminum products and components, Alcoa also markets consumer brands including Reynolds Wrap foils and plastic wraps, Alcoa wheels, and Baco household wraps. Among its other businesses are closures, fastening systems, precision castings, and electrical distribution systems for cars and trucks.”
Insitutional Activity: The institutional sentiment decreased to 0.99 in 2016 Q2. Its down 0.04, from 1.03 in 2016Q1. The ratio fall, as 47 funds sold all Alcoa Inc shares owned while 191 reduced positions. 51 funds bought stakes while 185 increased positions. They now own 775.17 million shares or 3.51% more from 748.92 million shares in 2016Q1.
Palisade Mngmt Ltd Limited Liability Company Nj accumulated 0.05% or 136,932 shares. Ngam Advsr L P reported 170,993 shares or 0.02% of all its holdings. Smith Moore accumulated 21,661 shares or 0.08% of the stock. Bnp Paribas Arbitrage accumulated 0.02% or 489,954 shares. Saybrook Cap Nc owns 20,000 shares or 0.12% of their US portfolio. Nordea Investment Mgmt Ab, a Sweden-based fund reported 1.30 million shares. Bbva Compass Bancshares Incorporated has 33,462 shares for 0.02% of their US portfolio. Deutsche Bancorp Ag has 9.08M shares for 0.06% of their US portfolio. Carroll Financial Associates accumulated 2,666 shares or 0% of the stock. Parkside National Bank & Trust & has 242 shares for 0% of their US portfolio. Factory Mutual Insur owns 800,000 shares or 0.1% of their US portfolio. Haverford Trust has invested 0% of its portfolio in Alcoa Inc (NYSE:AA). Gamco Investors Inc Et Al holds 2.82 million shares or 0.17% of its portfolio. Brookfield Asset Mngmt accumulated 0% or 25,422 shares. Kessler Ltd Liability Corp reported 287,490 shares or 3.81% of all its holdings.
Insider Transactions: Since April 20, 2016, the stock had 6 insider buys, and 1 sale for $59,530 net activity. SORRELL MARTIN bought 1,990 shares worth $21,363. TATA RATAN bought $21,932 worth of stock or 2,045 shares. On Monday, April 25 Jarrault Olivier M sold $131,046 worth of the stock or 12,810 shares. On Tuesday, April 26 the insider SCHMIDT ULRICH bought $51,250.
Alcoa Inc. is engaged in lightweight metals engineering and manufacturing. The company has a market cap of $11.38 billion. The Firm operates in five divisions: Alumina, Primary Metals, Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions. It currently has negative earnings. The Company’s multi-material products, which include aluminum, titanium and nickel, are used across the world in aerospace, automobiles, commercial transportation, packaging, building and construction, defense, consumer electronics, gas and oil, and industrial applications.
AA Company Profile
Alcoa Inc., incorporated on September 18, 1888, is engaged in lightweight metals engineering and manufacturing. The Firm operates in five divisions: Alumina, Primary Metals, Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions. The Company’s multi-material products, which include aluminum, titanium and nickel, are used across the world in aerospace, automobiles, commercial transportation, packaging, building and construction, defense, consumer electronics, gas and oil, and industrial applications. It is also engaged in the production and management of primary aluminum, fabricated aluminum, and alumina combined, through its participation in various aspects of the industry, including technology, mining, refining, smelting, fabricating and recycling. It has activities in approximately 30 countries. The Firm has investments and operating activities in Australia, Brazil, China, Guinea, Iceland, Russia and Saudi Arabia, among others. The Firm also refines alumina from bauxite ore.
More notable recent Alcoa Inc (NYSE:AA) news were published by: Bloomberg.com which released: “New Alcoa’s Future Proving as Tough to Predict as Old Alcoa” on October 11, 2016, also Fool.com with their article: “Better Buy: Alcoa Inc. vs. Vale SA” published on October 08, 2016, Investorplace.com published: “Why Alcoa Inc (AA), Illumina, Inc. (ILMN) and Seagate Technology PLC (STX) Are …” on October 11, 2016. More interesting news about Alcoa Inc (NYSE:AA) were released by: Seekingalpha.com and their article: “Softening The Blow For Alcoa Longs” published on October 12, 2016 as well as Fool.com‘s news article titled: “Better Buy: Alcoa Inc. vs. Freeport-McMoRan” with publication date: September 27, 2016.
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