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Making an investment decision in the stock market involves a certain amount of risk, so it's important to thoroughly review a company's stock before making any decisions. Stock float, number of short positions and outstanding shares are among the many factors an investor should take into account.
Investors cannot turn a blind eye to insiders as well as institutional ownership. They need to follow insider trades to determine the direction the stock is likely to take.
About 75.85% of AA shares are held by financial institutions. GOLDMAN SACHS GROUP INC is the top corporate investor, holding 650K shares valued at $21.96M. A 0.36% stake in Alcoa Corporation is owned by the company. MONACO ASSET MANAGEMENT SAM owns 657.78K shares valued at $22.23M, which translates its holding of 0.37% of the stake in the company.
Among the AA insiders holding of 0.76% of the stake in company, ARCONIC INC., , holds the largest shares of 12.96M. KLEINFELD KLAUS, Chairman and CEO, is the second largest AA insider with ownership of 1.41M shares. HARVEY ROY CHRISTOPHER, President, CEO & Director, stands third with possession of 950.14K shares of that stake.
A company's 13F filings with the Securities and Exchange Commission (SEC) provides investors with comprehensive information about institutional ownership in a listed company, a sign of strength in terms of how many institutions have confidence in that company. The number of institutional investors who currently own AA shares is 679, representing 75.85% of the company's common stock.
GOLDMAN SACHS GROUP INC, in the last quarter, reduced its stake in AA by -44.01% restricting it's holding to 650 thousand shares of worth nearly $21.96M. RENAISSANCE TECHNOLOGIES LLC also lessened -13.06% of the AA shares from its portfolio, reducing its holding to 681.8 thousand shares of worth $23.04M. SUSQUEHANNA INTERNATIONAL GROUP, LLP also shunned AA shares holding by -56.38% last quarter which brought its holding to 1.05 million shares worth $35.53M.
As per its latest 13F filing, MONACO ASSET MANAGEMENT SAM increased its stake in AA by 5.24% in the last quarter. The institutional holder raised its holding to 657.78 thousand shares having worth more than $22.23M. PEAK6 INVESTMENTS LLC also added 393.33% more shares of AA to its portfolio, raising its holding to 650.7 thousand shares of worth $21.99M. PRINCIPAL FINANCIAL GROUP INC also increased its AA shares holding by 2.56% which brought its holding to 671.95 thousand shares worth $22.71M.
The insider with the most stakes in AA is Arconic Inc. , at the company. Additionally, AA stock is highly held by Chairman and CEO KLEINFELD KLAUS and President, CEO & Director Harvey Roy Christopher among others.
Company executives, directors, and other insiders own 0.76% percent of Alcoa Corporation's stock. Within the last six months, there have been 1 transaction(s) in which AA insiders have sold stock, totaling 23.87K shares. Insiders that have sold shares include BACCHI RENATO, JONES TAMMI A, and HARVEY ROY CHRISTOPHER.
There have been 0 transaction(s) during the past 6-months in which Alcoa Corporation insiders have bought stock, totalling 0 shares
Around 57.32K Alcoa Corporation shares are held by insiders, which represents about 0.76% of AA stock.
AA , Arconic Inc. holds the largest portfolio of the company's shares. AA shares owned by Arconic total nearly 12.96 million.
GOLDMAN SACHS GROUP INC is the largest institutional owner in AA which holds 650 thousand shares worth $21.96M or 0.36% of the total AA shares outstanding followed by MONACO ASSET MANAGEMENT SAM with ownership of 657.78 thousand shares representing 0.37% of the AA ownership. PEAK6 INVESTMENTS LLC is the third largest stakeholder with 650.7 thousand shares or 0.36% of the ownership worth more than $21.99M.
Stock options give the owner the ability but not the obligation to buy or sell a security at a predetermined price and date. Stock options can be classified into two types: puts and calls. A put is a bet on falling stock, and a call is a bet on rising stock. As far as the AA is concerned, it is a stock which is optionable.
Number of AA shares short is 8.24M. Shares short is a market sentiment in which investors have sold their shares short in a given stock but have not yet covered them or closed them out.
As of today, 258.36M shares of AA are outstanding.
Float represents the number of tradeable shares in a specific stock. By subtracting restricted and closely-held shares from a firm's total outstanding shares, we can calculate its floating stock. The term "closely-held shares" refers to shares held by employees, major shareholders, and company insiders. At present, AA has 256.29M shares in float.
Short ratio is calculated by dividing the number of short shares, short interest or bets that shareholders will sell short from the average daily volume. A higher ratio indicates longer times needed to repurchase borrowed shares (sold). The short ratio for AA is 2.04.