Aluminum Corporation of China Limited (ACH) Reaches New 1-Year High at $20.61

Aluminum Corporation of China Limited (NYSE:ACH) shares hit a new 52-week high on Monday . The company traded as high as $20.61 and last traded at $20.65, with a volume of 288,796 shares trading hands. The stock had previously closed at $18.78.

A number of research analysts have recently weighed in on ACH shares. BidaskClub upgraded Aluminum Corporation of China Limited from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. CLSA upgraded Aluminum Corporation of China Limited from an “underperform” rating to a “buy” rating in a report on Monday, August 28th.

The firm has a market cap of $13.65 billion, a price-to-earnings ratio of 119.77 and a beta of 0.08. The firm’s 50-day moving average price is $17.31 and its 200 day moving average price is $13.72.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ACH. Frontier Wealth Management LLC bought a new stake in shares of Aluminum Corporation of China Limited in the 2nd quarter valued at $157,000. Profund Advisors LLC increased its position in shares of Aluminum Corporation of China Limited by 43.0% in the 2nd quarter. Profund Advisors LLC now owns 19,928 shares of the basic materials company’s stock valued at $257,000 after buying an additional 5,988 shares in the last quarter. State Street Corp increased its position in shares of Aluminum Corporation of China Limited by 2.2% in the 2nd quarter. State Street Corp now owns 27,647 shares of the basic materials company’s stock valued at $356,000 after buying an additional 607 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Aluminum Corporation of China Limited by 6.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 113,885 shares of the basic materials company’s stock valued at $1,467,000 after buying an additional 6,806 shares in the last quarter. Finally, Citigroup Inc. increased its position in shares of Aluminum Corporation of China Limited by 6.3% in the 2nd quarter. Citigroup Inc. now owns 121,106 shares of the basic materials company’s stock valued at $1,560,000 after buying an additional 7,173 shares in the last quarter. Institutional investors and hedge funds own 0.32% of the company’s stock.

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