Are Alcoa’s Largest Stockholders Buying at the Historically LOW $8 Range?

In 2012, Alcoa Inc.’s (NYSE:AA) shares are down 3.12 percent. On Monday, the company said it will take full control of Novelis Inc.’s beverage-can-recycling joint venture. Separately, Novelis will now organize a new entity for buying and recycling used beverage cans. The deal will become effective on Aug. 31 and it will join Alcoa’s global-packaging group.

A Closer Look: Alcoa Earnings Cheat Sheet>>

Alcoa and Novelis became partners in the joint venture in 2009.

With Alcoa’s buyout of Novelis in the joint venture, will its largest shareholders increase their holdings? 15 institutional firms indicated owning shares of Alcoa, Inc. (NYSE:AA) in Q2 2012. These firms reported owning a total of 1.041 million shares on 06/30/2012. The shares closed at $8.75 on 06/30/2012.

Here are the ten largest positions in Alcoa, Inc. at the end of June 30th, 2012.

Oregon Public Employees Retirement Fund held 221,068 shares on 06/30/2012 worth $1,934,345. This brought the portfolio total to 0.11%.

Park National Corp /OH/ held 186,978 shares on 06/30/2012 worth $1,636,058. This brought the portfolio total to 0.15%.

Sumitomo Mitsui Asset Management Company Ltd held 183,117 shares on 06/30/2012 worth $1,602,274. This brought the portfolio total to 0.04%.

Kempner Capital Management Inc. held 151,480 shares on 06/30/2012 worth $1,325,450. This brought the portfolio total to 0.46%.

Private Asset Management Inc held 138,340 shares on 06/30/2012 worth $1,210,475. This brought the portfolio total to 0.24%.

West Oak Capital LLC held 94,230 shares on 06/30/2012 worth $824,513. This brought the portfolio total to 0.77%.

First Interstate Bank held 15,561 shares on 06/30/2012 worth $136,159. This brought the portfolio total to 0.04%.

First Republic Investment Management Inc. held 12,514 shares on 06/30/2012 worth $109,498. This brought the portfolio total to 0.0%.

Fulton Bank N.A. held 11,016 shares on 06/30/2012 worth $96,390. This brought the portfolio total to 0.01%.

Capital One National Association held 10,211 shares on 06/30/2012 worth $89,346. This brought the portfolio total to 0.01%.

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