Alcoa Corp News and Headlines -
The stock of Alcoa (NYSE:AA, 30-year Financials) gives every indication of being significantly overvalued, according to GuruFocus Value calculation. GuruFocus Value is GuruFocus' estimate of the fair value at which the stock should be traded. It is calculated based on the historical multiples that the stock has traded at, the past business growth and analyst estimates of future business performance. If the price of a stock is significantly above the GF Value Line, it is overvalued and its future return is likely to be poor. On the other hand, if it is significantly below the GF Value Line,
President, CEO & Director of Alcoa Corp (30-Year Financial, Insider Trades) Roy Christopher Harvey (insider trades) sold 238,037 shares of AA on 04/20/2021 at an average price of $32.91 a share. The total sale was $7.8 million.
Alcoa Corp is an integrated aluminum company. The company engages in aluminum production from bauxite mining to manufactures finished aluminum goods. It serves finished aluminum goods to a wide-variety of industrial end markets. Alcoa Corp has a market cap of $6.38 billion; its shares were traded at around $34.230000 with and P/S ratio of 0.64.
CEO Recent Trades:
Alcoa Corporation (AA) has seen its stock price soar over the past few months after delivering a string of solid financial results. The company has witnessed increased shipment volume for aluminum given the rising demand and also benefitted from a strong price rise.
More recently, the management also entered into an agreement to repower the Portland Aluminum smelter in Australia. Alcoa was also in the news for completing its sale of Warrick Rolling Mill to Kaiser Aluminum, raising valuable cash and retaining an interest in the nearby smelter facility.
Could these positive developments make the stock an attractive opportunity, or
The stock of Alcoa (NYSE:AA, 30-year Financials) is estimated to be significantly overvalued, according to GuruFocus Value calculation. GuruFocus Value is GuruFocus' estimate of the fair value at which the stock should be traded. It is calculated based on the historical multiples that the stock has traded at, the past business growth and analyst estimates of future business performance. If the price of a stock is significantly above the GF Value Line, it is overvalued and its future return is likely to be poor. On the other hand, if it is significantly below the GF Value Line, its
U.S. stocks were mixed on Thursday morning following Joe Biden's inauguration as the 46th President of the United States. The Dow fell 0.05% to 31,171, the S&P 500 index slid 0.02% to 3,851 and the Nasdaq Composite Index was up 0.16% to 13,478.
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BP Capital Fund Advisors sold shares of the following stocks during the third quarter.
During the quarter, the firm closed its Westlake Chemical Corp. (WLK) stake. The portfolio was impacted by -1.51%.
The petrochemical producer has a market cap of $9.60 billion and an enterprise value of $12.12 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. While the return on equity of 8.25% is outperforming the sector, return on assets of 3.88% is underperforming 51% of companies in the Chemicals industry. Its financial strength is
U.S. stocks were in the green on Thursday, with investors confident about the Brexit deal. The Dow Jones Industrial Average gained 0.09% to 27,025, the S&P 500 index rose 0.28% to 2,997 and the Nasdaq Composite Index advanced 0.40% to 8,156.
Shares of Alcoa Corp. (AA) jumped more than 5% on Friday after the company announced third-quarter results. The company posted a loss of 44 cents per share on $2.57 billion in revenue. It fell 15 cents short of earnings estimates and $10 million shy of revenue expectations.
“Our Bauxite and Alumina segments reached new quarterly production records since our
U.S. stocks advanced on Thursday, ahead of many companies reporting financial results, such as Netflix (NFLX), Morgan Stanley (MS), IBM (IBM), eBay (EBAY), SAP (SAP) and Alcoa (AA). The Dow Jones Industrial Average gained 0.01% to 27,223, the S&P 500 index gained 0.36% to 2,995, and the Nasdaq Composite index jumped 0.27% to 8,207.
Shares of Alcoa (AA) gained 1.21% after announcing second-quarter results. The company posted a loss of 1 cent per share and $2.71 billion in revenues, reflecting a 24.3% decline from the comparable trimester of the previous year. The company beat earnings estimates by 1 cent and
Romick runs the FPA Crescent Fund along with two colleagues and has built it to $15 billion in assets. Founded in 1993, the fund may invest in both equity and debt, and sometimes sells securities short, such as its current bet against the SPDR S&P Regional Banking (KRE). Primarily, it seeks stocks of large and small market capitalizations that have low valuations and attractive future prospects based on fundamental security analysis.
The Dow Jones Industrial Average closed at 26,559.54 on Thursday with a gain of 110.00 points or 0.42%. The S&P 500 closed at 2,905.03 for a gain of 4.58 points or 0.16%. The Nasdaq Composite closed at 7,998.06 for a gain of 1.98 points or 0.02%. The VIX Volatility Index was lower at 12.13 for a loss of 0.47 points or -3.73%.
For the week, the Dow Jones gained 0.60%, the Nasdaq gained 0.09% and the S&P 500 gained 0.10%. For the year, the Nasdaq is up 20.5%, the S&P 500 is up 15.9% and the Dow Jones has a
The Dow Jones Industrial Average closed at 26,449.54 on Wednesday with a loss of 3.12 points or -0.01%. The S&P 500 closed at 2,900.45 with a loss of 6.61 points or -0.23%. The Nasdaq Composite closed at 7,996.08 with a loss of 4.15 points or -0.05%. The VIX Volatility Index was higher at 12.50 for a gain of 0.32 points or 2.63%.
Wednesday’s market movers
U.S. market indexes traded mostly higher on Wednesday morning, but ultimately closed the day lower. Morgan Stanley (MS) was the last of the big banks to report first-quarter earnings, posting them on Wednesday. Morgan Stanley
For 10 chapters in "The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market," author Tobias Carlisle has been telling readers about the advantages of deep-value investing, using a metric called the Acquirer’s Multiple.
This metric uses enterprise value and operating earnings to find stocks with hidden or “hidden in plain sight” assets in financial statements. It can also be used to identify hidden value traps.
So where can an investor find stocks where assets exceed the currently depressed share price? It begins by acknowledging that if you buy the market, you will get average returns. If
As we know, Charlie Munger (Trades, Portfolio) and other gurus make checklists a key part of their investing processes. Phil Fisher, who had a strong influence on Munger, was also a strong proponent of them.
In chapter three of his 1958 book, “Common Stocks and Uncommon Profits and Other Writings,” Fisher laid out his 15 points to watch for in common stocks. More specifically, they are points to consider when buying a stock. It’s a lengthy chapter, and so our digest is in two parts.
Fisher explained investors should use the 15 points to
Earnings get the Benjamin Graham treatment in chapter 12 of "The Intelligent Investor." More specifically, the guru wants us to understand that the earnings reported by a company should be read with a degree of disbelief.
To do this, he wades through the fine print of an earnings report for what was then known as the Aluminum Company of America, stock symbol then ALCOA. The company officially changed its name in 1998 to ALCOA Corp. (AA), the name by which it is known today.
Graham said that there are numerous ways in which per-share earnings numbers may be adulterated, including:
The U.S. stock market traded slightly in the red in Thursday in pre-market trading despite strong corporate earnings.
Shares of Alcoa Corporation (AA) rose in premarket trading today after the company posted first-quarter earnings per share of 77 cents on revenue of $3.09 billion, which was 16.2% higher than the comparable period. The company managed to beat earnings expectations by 7 cents and revenue estimates by $10 million.
Further, cash from operations reached $55 million and free cash flow was a negative $19 million, driven by seasonal increases in working capital. Cash used for financing activities and investing activities was
After President Trump imposed tariffs on imported steel and aluminum last Thursday, guru investor Andreas Halvorsen (Trades, Portfolio)’s Viking Global Investors disclosed a 5.5% stake in United States Steel Corp. (X) on Friday.
According to GuruFocus real-time picks, Halvorsen, a former protégé of Tiger Management founder Julian Robertson (Trades, Portfolio), picked up 9.6 million shares of the Pittsburgh-based steel producer for an average price of $44 per share, giving it 2.55% portfolio space. Filings with the Securities and Exchange Commission, however, indicate the transaction occurred on Feb. 27, before the tariffs were officially
U.S. stock market indexes were in the green Friday, with the Nasdaq set to achieve its best week since 2011.
Shares of Alcoa Corp. (AA) jumped on Friday on news the U.S. Commerce Department recommends tariffs on steel and aluminum from other countries, including China, Russia and Brazil.
The tariffs and quotas would differ between countries, but the highest ones will be for aluminum going from China and Russia to other countries. The highest steel tariffs on imports include Brazil, China and Russia.
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According to GuruFocus Insider Data, the recent chief financial officer sells were: Alcoa Corp. (AA) and Vertex Pharmaceuticals Inc. (VRTX).
Alcoa CFO sold 229,475 shares
Executive Vice President and CFO William F. Oplinger sold 229,475 shares for $52.86 per share on Jan. 22. Since then, the stock price has increased by 3.01%. Alcoa has a market cap of $10.08 billion and its shares were trading around $54.45 on Monday. The company has a price-earnings ratio of 47.31 and a price-sales ratio of 0.86.
Alcoa announced its third-quarter 2017 results with revenues of $2.96 billion and gross profit of $603 million.
In Thursday trading, Facebook Inc. (FB) shares rose after the company launched its new WhatsApp Business app. designed for smaller businesses. WhatsApp said in a blog post the new app would "make it easier for companies to connect with customers, and more convenient for our 1.3 billion users to chat with businesses that matter to them." The platform will benefit small businesses with "quick replies" to answer questions.
Shares of Wyndham Worldwide Corp. (WYN) traded higher after announcing it will buy La Quinta Holdings Inc.'s (LQ) hotel business for $1.95 billion in cash.The deal is expected to