Lowers Aluminum Corporation of China Limited (NYSE:ACH) to Hold

Aluminum Corporation of China Limited (NYSE:ACH) was downgraded by equities research analysts at from a “buy” rating to a “hold” rating in a research note issued on Thursday, November 2nd, Marketbeat.com reports.

Other equities analysts have also issued reports about the stock. BidaskClub lowered shares of Aluminum Corporation of China Limited from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. CLSA raised shares of Aluminum Corporation of China Limited from an “underperform” rating to a “buy” rating in a report on Monday, August 28th. Finally, J P Morgan Chase & Co began coverage on shares of Aluminum Corporation of China Limited in a report on Monday, September 25th. They issued a “neutral” rating for the company. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy”.

Shares of Aluminum Corporation of China Limited (NYSE:ACH) traded up $0.36 during midday trading on Thursday, reaching $16.78. 62,812 shares of the company’s stock traded hands, compared to its average volume of 69,161. The company has a quick ratio of 0.55, a current ratio of 0.80 and a debt-to-equity ratio of 0.76. Aluminum Corporation of China Limited has a twelve month low of $9.93 and a twelve month high of $23.54.

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Institutional investors and hedge funds have recently made changes to their positions in the business. Citigroup Inc. boosted its position in shares of Aluminum Corporation of China Limited by 6.3% during the 2nd quarter. Citigroup Inc. now owns 121,106 shares of the basic materials company’s stock valued at $1,560,000 after acquiring an additional 7,173 shares during the last quarter. Profund Advisors LLC lifted its position in Aluminum Corporation of China Limited by 43.0% in the second quarter. Profund Advisors LLC now owns 19,928 shares of the basic materials company’s stock valued at $257,000 after buying an additional 5,988 shares during the last quarter. World Asset Management Inc acquired a new position in Aluminum Corporation of China Limited in the third quarter valued at about $206,000. Parametric Portfolio Associates LLC lifted its position in Aluminum Corporation of China Limited by 6.4% in the second quarter. Parametric Portfolio Associates LLC now owns 113,885 shares of the basic materials company’s stock valued at $1,467,000 after buying an additional 6,806 shares during the last quarter. Finally, Frontier Wealth Management LLC acquired a new position in Aluminum Corporation of China Limited in the second quarter valued at about $157,000. 0.31% of the stock is currently owned by institutional investors.

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