Goldman Sachs Reports Alcoa (AA) Upgrade and $38 Target; Gabelli Multimedia Trust (GGT) Has 1.67 Sentiment

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Goldman Sachs raised shares of Alcoa (NYSE:AA) from a “Neutral” rating to a “Buy” rating in a analysts report shared with investors and clients on 14 January. The firm after the upgrade has $38 target price per share on the stock.

Gabelli Multimedia Trust Inc (GGT) investors sentiment increased to 1.67 in 2018 Q3. It’s up 0.58, from 1.09 in 2018Q2. The ratio is positive, as 15 hedge funds increased and started new equity positions, while 9 reduced and sold their stock positions in Gabelli Multimedia Trust Inc. The hedge funds in our database now own: 2.20 million shares, down from 2.31 million shares in 2018Q2. Also, the number of hedge funds holding Gabelli Multimedia Trust Inc in top ten equity positions was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 8 Increased: 8 New Position: 7.

Wall Street Access Asset Management Llc holds 0.22% of its portfolio in The Gabelli Multimedia Trust Inc. for 18,591 shares. M Holdings Securities Inc. owns 44,543 shares or 0.11% of their US portfolio. Moreover, Gabelli & Co Investment Advisers Inc. has 0.1% invested in the company for 107,673 shares. The Colorado-based Institute For Wealth Management Llc. has invested 0.08% in the stock. Gamco Investors Inc. Et Al, a New York-based fund reported 737,812 shares.

More notable recent The Gabelli Multimedia Trust Inc. (NYSE:GGT) news were published by: Seekingalpha.com which released: “Weekly Review: CEFs That Follow The Broad Market – Seeking Alpha” on December 18, 2018, also Seekingalpha.com with their article: “Gabelli Multimedia Trust: This 5.125% Preferred Stock Started Trading On The NYSE – Seeking Alpha” published on October 01, 2017, Businesswire.com published: “Gabelli Multimedia Trust Reaffirms Its 10% Distribution Policy and Declares Second Quarter Distribution of $0.22 Per Share – Business Wire” on May 15, 2018. More interesting news about The Gabelli Multimedia Trust Inc. (NYSE:GGT) were released by: Seekingalpha.com and their article: “Big spotlight to stay on Big Tech – Seeking Alpha” published on September 26, 2018 as well as Businesswire.com‘s news article titled: “Gabelli Multimedia Trust Announces the Offering of $50 Million of 5.125% Series E Cumulative Preferred Stock – Business Wire” with publication date: September 21, 2017.

The Gabelli Multimedia Trust Inc. is a closed-ended equity mutual fund launched by GAMCO Investors, Inc. The company has market cap of $186.30 million. It is managed by Gabelli Funds LLC. It has a 10.19 P/E ratio. The fund invests in the public equity markets across the globe.

The stock decreased 0.48% or $0.04 during the last trading session, reaching $7.65. About 47,046 shares traded. The Gabelli Multimedia Trust Inc. (GGT) has declined 6.11% since January 14, 2018 and is downtrending. It has underperformed by 6.11% the S&P500.

Among 7 analysts covering Alcoa (NYSE:AA), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Alcoa has $75 highest and $33 lowest target. $52.14’s average target is 81.61% above currents $28.71 stock price. Alcoa had 9 analyst reports since July 19, 2018 according to SRatingsIntel. Credit Suisse maintained the shares of AA in report on Tuesday, September 25 with “Outperform” rating. The stock of Alcoa Corporation (NYSE:AA) has “Overweight” rating given on Monday, July 23 by Morgan Stanley. The firm has “Outperform” rating by Credit Suisse given on Thursday, July 19. The stock has “Buy” rating by Deutsche Bank on Tuesday, July 24. Credit Suisse maintained it with “Outperform” rating and $50 target in Friday, December 7 report. The rating was maintained by Citigroup on Friday, November 16 with “Neutral”. The firm earned “Outperform” rating on Thursday, July 19 by BMO Capital Markets. FBR Capital upgraded the stock to “Buy” rating in Wednesday, September 12 report. Vertical Research initiated the stock with “Buy” rating in Wednesday, November 28 report.

Alcoa Corporation produces and sells bauxite, alumina, and aluminum products. The company has market cap of $5.36 billion. It operates through six divisions, Bauxite, Alumina, Aluminum, Cast Products, Energy, and Rolled Products. It currently has negative earnings. The firm also offers aluminum cast products; and aluminum sheets for the production of cans for beverage, food, and pet food.

Investors sentiment decreased to 1 in Q3 2018. Its down 1.00, from 2 in 2018Q2. It dropped, as 2 investors sold Alcoa Corporation shares while 0 reduced holdings. 2 funds opened positions while 0 raised stakes. 414,455 shares or 14.81% more from 360,979 shares in 2018Q2 were reported. Nelson Roberts Inv Ltd Limited Liability Company, California-based fund reported 148 shares. Cypress Mgmt Lc (Wy) accumulated 610 shares or 0.03% of the stock. Kentucky Retirement System holds 0.07% of its portfolio in Alcoa Corporation (NYSE:AA) for 88,308 shares. Gemmer Asset Mgmt Lc holds 42 shares. Pennsylvania-based Vantage Advsrs Ltd Liability Corporation has invested 0% in Alcoa Corporation (NYSE:AA). Carmignac Gestion reported 325,000 shares.

The stock increased 0.57% or $0.16 during the last trading session, reaching $28.71. About 2.87 million shares traded. Alcoa Corporation (NYSE:AA) has declined 30.25% since January 14, 2018 and is downtrending. It has underperformed by 30.25% the S&P500. Some Historical AA News: 14/05/2018 – ALCOA REPORTS PRICING OF DEBT OFFERING; 14/05/2018 – Alcoa Corp Announces Proposed Debt Offering; 14/05/2018 – S&P REVISES ALCOA CORP. TO RATING ‘BB+’ FROM ‘BB’; 15/05/2018 – Key Group Adds Cleveland-Cliffs, Exits Alcoa: 13F; 14/05/2018 – Fitch Rates Alcoa Nederland Holding’s Sr. Unsecured Notes ‘BB+’/’RR4’; 08/03/2018 – The Future of Solar Energy Spotlights Graphite; 09/05/2018 – Disgruntled Metal Workers Plan to Crash Alcoa’s Pittsburgh Party; 18/04/2018 – Alcoa 1Q Net $150M; 11/05/2018 – Apple Just Got Greener With Alcoa, Rio Tinto Accord — Barron’s Blog; 02/05/2018 – Fitch Affirms Alcoa’s IDR at ‘BB+’; Outlook Revised to Positive

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