Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks. The top investor data is provided from their latest 13F’s (dated 3-31-2019). This week we’ll take a look at:
Alcoa Corp (NYSE: AA)
Alcoa is a vertically integrated aluminum company involved in every phase of aluminum production, including bauxite mining, alumina refining, and the manufacture of primary aluminum. The firm is the world’s largest bauxite miner and alumina refiner by production volume, and its profits are closely tied to prevailing commodity prices along the aluminum supply chain.
A quick look at the price chart below for Alcoa shows us that the stock is down 44% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 3.28 which means that it remains undervalued.
(Source: Morningstar)
Superinvestors who currently hold positions in Alcoa include:
Jim Simons – 2,398,896 total shares
Cliff Asness – 1,607,237 total shares
Joel Greenblatt – 254,412 total shares
Ken Fisher – 147,153 total shares
Lee Ainslie – 142,710 total shares
Ken Griffin – 120,534 total shares
Paul Tudor Jones – 9,571 total shares
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