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Actionable news in AA: ALCOA INC,

First Pacific Advisors Buys Alcoa, Bank of America

Robert L. Rodriguez is the CEO of First Pacific Advisors, a Los Angeles-based money management firm practicing a disciplined approach to value investing, prudently seeking superior long-term returns, while maintaining a focus on capital preservation.

The firm manages a portfolio composed of 121 stocks with a total value of $12,249 million. The following are the largest trades during the second quarter.

It increased the stake in Alcoa Inc. (AA) by 57.56% with an impact of 1.16% on the portfolio.

The company manufactures and engineers lightweight metals. Its products include aluminum, titanium, and nickel, which are used in aircraft, automobiles, commercial transportation, packaging, oil and gas, defense and industrial applications. It operates in 31 countries.

Alcoa reported solid second quarter 2015 results as the company's transformation showed strong progress. Global Rolled Products were up by 9%, and adjusted EBITDA per metric ton was up by 18%. It even reported an increase of 16% year-over-year for net income.

The stock is trading with a P/E ratio of 20.24 and has been as high as $17.75 and as low as $7.97 in the past year. It is currently 44.17% below its 52-week high and 24.34% above its 52-week low. According to the DCF calculator, the company currently looks overpriced by 32%.

Steven Romick (Trades, Portfolio) is the main guru shareholder with 3.39% of outstanding shares, followed by First Pacific Advisors (Trades, Portfolio) with 2.85% and Manning & Napier Advisors with 2.51%.

The firm bought 2,666,000 shares of LPL Financial Holdings Inc. (LPLA) with an impact of 1.01% on the portfolio.

The company's focus is to provide advisors with the front, middle and back-office support to serve the markets for independent investment advice.

During the last quarter, LPL had a strong net new advisory asset flows driven by solid recruiting and advisor productivity. The company posted an increase of 23.8% in EPS and 16.6% increase for net income year over year.

The stock is trading with a P/E ratio of 20.23 and has been as high as...


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