Aluminum Corp. of China Limited ADR Class H (NYSE:ACH) Lowered to Sell at Zacks Investment Research

Aluminum Corp. of China Limited ADR Class H (NYSE:ACH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Thursday, Zacks.com reports.

According to Zacks, “Aluminum Corp of China Ltd’s principal activity is the production and distribution of alumina and primary aluminum. Other activities include the manufacturing of mechanical equipment and distribution of ceramic products and provision of repair and maintenance services for electrical plant and machinery. “

Shares of ACH stock traded down $0.02 on Thursday, hitting $7.97. 746 shares of the stock traded hands, compared to its average volume of 30,332. The firm has a market cap of $5.49 billion, a price-to-earnings ratio of 797.00 and a beta of 0.96. Aluminum Corp. of China Limited ADR Class H has a 52 week low of $6.96 and a 52 week high of $11.11. The firm has a 50 day simple moving average of $7.94 and a two-hundred day simple moving average of $8.62. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.77 and a quick ratio of 0.48.

A number of hedge funds and other institutional investors have recently made changes to their positions in ACH. Parametric Portfolio Associates LLC increased its holdings in Aluminum Corp. of China Limited ADR Class H by 38.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 242,811 shares of the basic materials company’s stock valued at $2,137,000 after acquiring an additional 67,825 shares during the last quarter. Aperio Group LLC increased its holdings in Aluminum Corp. of China Limited ADR Class H by 78.4% in the 2nd quarter. Aperio Group LLC now owns 65,824 shares of the basic materials company’s stock valued at $579,000 after acquiring an additional 28,923 shares during the last quarter. Jane Street Group LLC increased its holdings in Aluminum Corp. of China Limited ADR Class H by 75.9% in the 2nd quarter. Jane Street Group LLC now owns 27,599 shares of the basic materials company’s stock valued at $243,000 after acquiring an additional 11,905 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Aluminum Corp. of China Limited ADR Class H by 1.2% in the 2nd quarter. Renaissance Technologies LLC now owns 529,300 shares of the basic materials company’s stock valued at $4,658,000 after acquiring an additional 6,300 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Aluminum Corp. of China Limited ADR Class H by 9.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 24,591 shares of the basic materials company’s stock valued at $216,000 after acquiring an additional 2,061 shares during the last quarter. Institutional investors own 0.29% of the company’s stock.

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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