In today’s session Alcoa Inc (AA) registered an unusually high (1,030) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious AA increase. With 1,030 contracts traded and 10494 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: AA170120C00034000 closed last at: $0.28 or 9.7% down. About 4.38 million shares traded hands. Alcoa Inc (NYSE:AA) has declined 8.86% since March 14, 2016 and is downtrending. It has underperformed by 14.47% 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 firm earned “Buy” rating on Friday, November 20 by UBS. The firm has “Neutral” rating given on Monday, November 9 by Nomura. On Wednesday, October 12 the stock rating was downgraded by Bank of America to “Neutral”. The rating was maintained by Morgan Stanley with “Overweight” on Thursday, June 30. On Tuesday, December 22 the stock rating was maintained by Stifel Nicolaus with “Buy”. Deutsche Bank maintained Alcoa Inc (NYSE:AA) on Wednesday, October 12 with “Buy” rating. On Tuesday, January 12 the stock rating was maintained by BMO Capital Markets with “Market Perform”. The firm has “Buy” rating by Bank of America given on Monday, May 23. The stock of Alcoa Inc (NYSE:AA) has “Hold” rating given on Thursday, January 14 by Argus Research. S&P Research maintained the stock with “Buy” rating in Tuesday, September 29 report.
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 dived, 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.
Ls Advisors Lc, a Michigan-based fund reported 55,134 shares. Ladenburg Thalmann Fincl Inc last reported 0.02% of its portfolio in the stock. Barclays Public Limited Co holds 0.02% or 1.86 million shares in its portfolio. Mycio Wealth Prtnrs Limited Liability Company holds 0.01% or 6,000 shares in its portfolio. Ferguson Wellman Cap has 12,955 shares for 0.01% of their US portfolio. Sg Americas Ltd Liability accumulated 1.94M shares or 0.13% of the stock. Park Corp Oh owns 28,492 shares or 0.02% of their US portfolio. Levin Strategies Lp holds 157,610 shares or 0.03% of its portfolio. Parkside Natl Bank owns 242 shares or 0% of their US portfolio. Haverford holds 0% of its portfolio in Alcoa Inc (NYSE:AA) for 16,192 shares. Eaton Vance has 0% invested in the company for 59,760 shares. Comerica Fincl Bank, a Michigan-based fund reported 407,541 shares. Sandy Spring Bancorp reported 1,606 shares or 0% of all its holdings. First Allied Advisory Svcs holds 92,035 shares or 0.05% of its portfolio. Fiduciary Tru Company, a Massachusetts-based fund reported 14,501 shares.
Insider Transactions: Since April 20, 2016, the stock had 6 insider purchases, and 1 sale for $60,032 net activity. Shares for $21,746 were bought by SORRELL MARTIN. Shares for $22,285 were bought by TATA RATAN. Shares for $51,250 were bought by SCHMIDT ULRICH. Jarrault Olivier M sold $131,046 worth of stock.
Alcoa Inc. is engaged in lightweight metals engineering and manufacturing. The company has a market cap of $11.46 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: Fool.com which released: “The 1 Case for Buying Alcoa Inc Stock Now” on October 15, 2016, also Bloomberg.com with their article: “New Alcoa’s Future Proving as Tough to Predict as Old Alcoa” published on October 11, 2016, Seekingalpha.com published: “Alcoa: Looking Past The Results” on October 16, 2016. More interesting news about Alcoa Inc (NYSE:AA) were released by: Fool.com and their article: “Better Buy: Alcoa Inc. vs. Freeport-McMoRan” published on September 27, 2016 as well as Fool.com‘s news article titled: “Here’s What You Need to Know About the Upcoming Alcoa Inc Split” with publication date: October 01, 2016.
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