AlcoaAA
Market Cap: $7.37B
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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
83% more first-time investments, than exits
New positions opened: 97 | Existing positions closed: 53
19% more capital invested
Capital invested by funds: $5.28B [Q1] → $6.3B (+$1.02B) [Q2]
10% more funds holding
Funds holding: 431 [Q1] → 475 (+44) [Q2]
1.19% more ownership
Funds ownership: 86.94% [Q1] → 88.13% (+1.19%) [Q2]
4% more call options, than puts
Call options by funds: $475M | Put options by funds: $459M
7% less repeat investments, than reductions
Existing positions increased: 139 | Existing positions reduced: 149
17% less funds holding in top 10
Funds holding in top 10: 6 [Q1] → 5 (-1) [Q2]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Wolfe Research Timna Tanners 89% 1-year accuracy 8 / 9 met price target | 26%upside $36 | Outperform Upgraded | 4 Sept 2024 |
UBS Curt Woodworth 29% 1-year accuracy 4 / 14 met price target | 23%upside $35 | Buy Upgraded | 12 Aug 2024 |
Morgan Stanley Carlos De Alba 31% 1-year accuracy 8 / 26 met price target | 68%upside $48 | Overweight Maintained | 22 Jul 2024 |
B of A Securities Lawson Winder 42% 1-year accuracy 5 / 12 met price target | 51%upside $43 | Neutral Maintained | 18 Jul 2024 |
B. Riley Securities Lucas Pipes 37% 1-year accuracy 23 / 63 met price target | 51%upside $43 | Neutral Maintained | 18 Jul 2024 |