Aluminum Co. of China (NYSE:ACH) Raised to Buy at StockNews.com

Aluminum Co. of China (NYSE:ACH – Get Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report issued on Tuesday.

ACH has been the topic of several other research reports. HSBC raised shares of Aluminum Co. of China from a “reduce” rating to a “hold” rating in a research note on Wednesday, March 23rd. The Goldman Sachs Group downgraded shares of Aluminum Co. of China from a “buy” rating to a “sell” rating in a research note on Thursday, January 13th. Finally, Zacks Investment Research downgraded shares of Aluminum Co. of China from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 14th.

Shares of ACH opened at $13.46 on Tuesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.58 and a current ratio of 0.93. The company has a market capitalization of $9.17 billion, a price-to-earnings ratio of 12.35 and a beta of 1.59. The company’s 50 day simple moving average is $15.67 and its 200 day simple moving average is $15.10. Aluminum Co. of China has a 1 year low of $11.04 and a 1 year high of $23.90.

Several institutional investors have recently bought and sold shares of ACH. Arrowstreet Capital Limited Partnership lifted its position in Aluminum Co. of China by 772.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 314,126 shares of the basic materials company’s stock valued at $5,871,000 after purchasing an additional 278,111 shares during the last quarter. Millennium Management LLC lifted its position in Aluminum Co. of China by 600.2% in the 4th quarter. Millennium Management LLC now owns 176,689 shares of the basic materials company’s stock valued at $2,426,000 after purchasing an additional 151,454 shares during the last quarter. OLD Mission Capital LLC lifted its position in Aluminum Co. of China by 415.3% in 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. Marshall Wace LLP increased its stake in Aluminum Co. of China by 407.3% during the 3rd quarter. Marshall Wace LLP now owns 147,136 shares of the basic materials company’s stock valued at $2,750,000 after buying an additional 118,134 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Aluminum Co. of China by 11.6% during the 3rd quarter. Renaissance Technologies LLC now owns 494,700 shares of the basic materials company’s stock valued at $9,246,000 after buying an additional 51,600 shares during the period.

About Aluminum Co. of China (Get Rating)

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.

Recommended Stories