Can Alcoa’s Earnings Make These Top Institutional Shareholders Happy?

Alcoa (NYSE:AA), the largest producer of aluminum by revenue, will release its first quarter earnings report today after hours and there’s probably not much there to cheer about considering the conditions prevailing in the raw aluminum market. The trend in aluminium prices on the London Metal Exchange has been firmly downward since the last seven consecutive quarters, caused mainly by speculative shorting of the commodity, high warehouse inventories and rising Chinese production — factors which far outweigh the encouraging offtake of the material by thriving businesses such as aeroplanes, cards and beverages. Alcoa met the tough business conditions by reducing annual production capacity by over half a million metric tons in 2012 through the suspension of production and closing smelters. Analysts expect EPS of $0.08 for the current quarter and revenue of $5.89 billion.

These institutional firms indicated owning shares of Alcoa in Q1 2013. They reported owning a total of 748,982 shares on 03/31/2013. The shares closed at $8.52 on 03/31/2013.

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Here are the ten largest positions in Alcoa at the end of March 31, 2013.

Mizuho Securities held 189,324 shares on 03/31/2013 worth $1,613,000. This brought the portfolio total to 0.09%.

Kempner Capital Management held 151,155 shares on 03/31/2013 worth $1,288,000. This brought the portfolio total to 0.51%.

Park National Corp held 141,071 shares on 03/31/2013 worth $1,201,925. This brought the portfolio total to 0.1%.

First Citizens Bank & Trust held 99,132 shares on 03/31/2013 worth $845,000. This brought the portfolio total to 0.03%.

Huntington National Bank held 57,483 shares on 03/31/2013 worth $489,000. This brought the portfolio total to 0.01%.

BB&T Corp held 35,556 shares on 03/31/2013 worth $303,000. This brought the portfolio total to 0.01%.

Fulton Bank held 21,150 shares on 03/31/2013 worth $181,000. This brought the portfolio total to 0.02%.

Catawba Capital Management held 19,509 shares on 03/31/2013 worth $195,000. This brought the portfolio total to 0.06%.

B & T Capital Management DBA Alpha Capital Management held 17,088 shares on 03/31/2013 worth $146,000. This brought the portfolio total to 0.14%.

West Oak Capital held 10,375 shares on 03/31/2013 worth $88,395. This brought the portfolio total to 0.07%.

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