Aluminum Corp. of China Limited ADR Class H (NYSE:ACH) Cut to Hold at ValuEngine
ValuEngine lowered shares of Aluminum Corp. of China Limited ADR Class H (NYSE:ACH) from a buy rating to a hold rating in a report issued on Tuesday, December 24th, ValuEngine reports.
ACH has been the subject of a number of other reports. CLSA raised Aluminum Corp. of China Limited ADR Class H from an underperform rating to an outperform rating in a report on Friday, November 15th. Zacks Investment Research raised Aluminum Corp. of China Limited ADR Class H from a sell rating to a hold rating in a report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $9.86.
Shares of NYSE:ACH opened at $8.69 on Tuesday. Aluminum Corp. of China Limited ADR Class H has a 12-month low of $6.96 and a 12-month high of $11.11. The company has a market capitalization of $5.87 billion, a PE ratio of 215.50 and a beta of 0.95. The business has a 50 day moving average of $7.99 and a two-hundred day moving average of $8.01. The company has a current ratio of 0.78, a quick ratio of 0.49 and a debt-to-equity ratio of 0.86.
Several hedge funds have recently made changes to their positions in ACH. Parametric Portfolio Associates LLC raised its stake in shares of Aluminum Corp. of China Limited ADR Class H by 38.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 242,811 shares of the basic materials company’s stock worth $2,137,000 after buying an additional 67,825 shares during the period. Aperio Group LLC raised its stake in shares of Aluminum Corp. of China Limited ADR Class H by 78.4% during the 2nd quarter. Aperio Group LLC now owns 65,824 shares of the basic materials company’s stock worth $579,000 after buying an additional 28,923 shares during the period. Jane Street Group LLC raised its stake in shares of Aluminum Corp. of China Limited ADR Class H by 75.9% during the 2nd quarter. Jane Street Group LLC now owns 27,599 shares of the basic materials company’s stock worth $243,000 after buying an additional 11,905 shares during the period. Corient Capital Partners LLC acquired a new position in shares of Aluminum Corp. of China Limited ADR Class H during the 3rd quarter worth approximately $81,000. Finally, Renaissance Technologies LLC raised its stake in shares of Aluminum Corp. of China Limited ADR Class H by 1.2% during the 2nd quarter. Renaissance Technologies LLC now owns 529,300 shares of the basic materials company’s stock worth $4,658,000 after buying an additional 6,300 shares during the period. 0.29% of the stock is owned by institutional investors and hedge funds.
Aluminum Corp. of China Limited ADR Class H Company Profile
Aluminum Corporation of China Limited, together with its subsidiaries, manufactures and sells alumina, primary aluminum, and energy products in the People’s Republic of China. The company operates through Alumina, Primary Aluminum, Trading, and Energy segments. The Alumina segment mines for and purchases bauxite and other raw materials; and produces and sells alumina, as well as alumina-related products, such as alumina hydrate, alumina-based chemical products, and gallium.
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