Aluminum Corp. of China Limited ADR Class H (NYSE:ACH) Trading Up 6.1%

Aluminum Corp. of China Limited ADR Class H (NYSE:ACH)’s stock price traded up 6.1% during trading on Wednesday . The company traded as high as $8.75 and last traded at $8.67, 222,100 shares changed hands during mid-day trading. An increase of 350% from the average session volume of 49,311 shares. The stock had previously closed at $8.17.

Separately, ValuEngine raised shares of Aluminum Corp. of China Limited ADR Class H from a “sell” rating to a “hold” rating in a report on Friday, May 17th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $9.86.

The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 0.86. The stock has a market cap of $5.48 billion, a PE ratio of 867.00 and a beta of 0.96. The business has a 50-day moving average price of $7.57 and a 200 day moving average price of $8.94.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC raised its stake 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 period. Parametric Portfolio Associates LLC boosted 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 purchasing an additional 67,825 shares during the period. Northern Trust Corp lifted its stake in shares of Aluminum Corp. of China Limited ADR Class H by 0.5% in the 2nd quarter. Northern Trust Corp now owns 386,401 shares of the basic materials company’s stock valued at $3,400,000 after acquiring an additional 1,835 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of 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. boosted its holdings in Aluminum Corp. of China Limited ADR Class H by 9.1% during 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 period. 0.29% of the stock is owned by institutional investors.

Aluminum Corp. of China Limited ADR Class H Company Profile (NYSE:ACH)

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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