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Alcoa
AA

$36.81
4.79%

Market Cap: 6.61B

 

About: Alcoa Corp is a vertically integrated aluminum company whose operations include bauxite mining, alumina refining, and the manufacture of primary aluminum. It is a bauxite miner and alumina refiner by production volume, and its profits are closely tied to prevailing commodity prices along the aluminum supply chain. The company segments include Bauxite; Alumina and Aluminum. It generates maximum revenue from the Aluminum segment. Geographically, it derives a majority of its revenue from the United States.

Employees: 13,600

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 12 analysts
0
News positive %
of 25 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

20% more funds holding in top 10

Funds holding in top 10: 5 [Q4 2023] → 6 (+1) [Q1 2024]

11% more repeat investments, than reductions

Existing positions increased: 146 | Existing positions reduced: 131

1% less capital invested

Capital invested by funds: $5.02B [Q4 2023] → $4.97B (-$55.5M) [Q1 2024]

1.05% less ownership

Funds ownership: 82.8% [Q4 2023] → 81.75% (-1.05%) [Q1 2024]

4% less funds holding

Funds holding: 441 [Q4 2023] → 425 (-16) [Q1 2024]

22% less first-time investments, than exits

New positions opened: 58 | Existing positions closed: 74

24% less call options, than puts

Call options by funds: $453M | Put options by funds: $597M

Research analyst outlook

12 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$27
27%
downside
Avg. target
$38
2%
upside
High target
$50
36%
upside

12 analyst ratings

positive
25%
neutral
58%
negative
17%
B of A Securities
Lawson Winder
25%upside
$46
Neutral
Maintained
26 Jun 2024
Morgan Stanley
Carlos De Alba
36%upside
$50
Overweight
Upgraded
21 Jun 2024
Citigroup
Alexander Hacking
36%upside
$50
Buy
Maintained
21 May 2024
Morgan Stanley
Carlos De Alba
1%downside
$36.5
Equal-Weight
Upgraded
22 Apr 2024
UBS
Curt Woodworth
13%downside
$32
Sell
Maintained
19 Apr 2024

Financial journalist opinion

Based on 25 articles about AA published over the past 30 days