Aluminum Corporation of China Limited (ACH) Downgraded by HSBC Holdings plc

HSBC Holdings plc downgraded shares of Aluminum Corporation of China Limited (NYSE:ACH) from a buy rating to a hold rating in a research report report published on Thursday, MarketBeat.com reports.

Several other equities research analysts have also issued reports on ACH. BidaskClub upgraded shares of Aluminum Corporation of China Limited from a buy rating to a strong-buy rating in a report on Wednesday, July 19th. CLSA upgraded shares of Aluminum Corporation of China Limited from an underperform rating to a buy rating in a report on Monday, August 28th. Finally, J P Morgan Chase & Co started coverage on shares of Aluminum Corporation of China Limited in a report on Monday, September 25th. They set a neutral rating for the company. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy.

Shares of Aluminum Corporation of China Limited (NYSE ACH) traded down $0.48 during trading hours on Thursday, reaching $19.17. 104,258 shares of the company traded hands, compared to its average volume of 100,051. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.55 and a current ratio of 0.80. Aluminum Corporation of China Limited has a 52-week low of $9.32 and a 52-week high of $23.54.

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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Citigroup Inc. lifted its holdings in Aluminum Corporation of China Limited by 6.3% during 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. Parametric Portfolio Associates LLC lifted its holdings in Aluminum Corporation of China Limited by 6.4% during 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. Aperio Group LLC lifted its holdings in Aluminum Corporation of China Limited by 13.4% during the 3rd quarter. Aperio Group LLC now owns 28,309 shares of the basic materials company’s stock valued at $628,000 after buying an additional 3,355 shares in the last quarter. State Street Corp lifted its holdings in Aluminum Corporation of China Limited by 2.2% during 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. Finally, Profund Advisors LLC lifted its holdings in Aluminum Corporation of China Limited by 43.0% during 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. Institutional investors own 0.30% of the company’s stock.

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