Aluminum Co. of China (NYSE:ACH) Shares Gap Down to $15.27

Shares of Aluminum Co. of China Limited (NYSE:ACH) gapped down prior to trading on Thursday . The stock had previously closed at $15.27, but opened at $14.56. Aluminum Co. of China shares last traded at $14.48, with a volume of 1,283 shares.

A number of brokerages have recently weighed in on ACH. The Goldman Sachs Group upgraded Aluminum Co. of China from a “sell” rating to a “buy” rating in a research report on Monday, March 8th. JPMorgan Chase & Co. upgraded Aluminum Co. of China from a “neutral” rating to an “overweight” rating and set a $4.50 price target for the company in a report on Thursday, April 8th. Finally, Zacks Investment Research downgraded Aluminum Co. of China from a “buy” rating to a “hold” rating in a research report on Friday, April 30th.

The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.45 and a current ratio of 0.79. The stock’s fifty day moving average is $12.52 and its 200 day moving average is $9.98. The stock has a market cap of $9.67 billion, a P/E ratio of 109.23 and a beta of 1.72.

Hedge funds have recently modified their holdings of the business. OLD Mission Capital LLC increased its position in shares of Aluminum Co. of China by 415.3% during the 3rd quarter. OLD Mission Capital LLC now owns 168,947 shares of the basic materials company’s stock valued at $879,000 after purchasing an additional 136,158 shares during the last quarter. Aperio Group LLC raised its stake in shares of Aluminum Co. of China by 34.3% in the fourth quarter. Aperio Group LLC now owns 86,022 shares of the basic materials company’s stock valued at $747,000 after acquiring an additional 21,980 shares during the period. Renaissance Technologies LLC raised its stake in shares of Aluminum Co. of China by 5.4% in the fourth quarter. Renaissance Technologies LLC now owns 492,400 shares of the basic materials company’s stock valued at $4,274,000 after acquiring an additional 25,100 shares during the period. Northern Trust Corp lifted its holdings in shares of Aluminum Co. of China by 19.2% in the 4th quarter. Northern Trust Corp now owns 662,660 shares of the basic materials company’s stock worth $5,751,000 after acquiring an additional 106,643 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of Aluminum Co. of China by 123.3% during the 4th quarter. Jane Street Group LLC now owns 102,810 shares of the basic materials company’s stock worth $892,000 after purchasing an additional 56,759 shares during the period. Institutional investors and hedge funds own 0.36% of the company’s stock.

Aluminum Co. of China 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 refined alumina.

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