Aluminum Corp. of China (ACH) Downgraded to “Equal Weight” at Morgan Stanley

Morgan Stanley downgraded shares of Aluminum Corp. of China (NYSE:ACH) from an overweight rating to an equal weight rating in a report released on Tuesday morning, The Fly reports.

Other equities research analysts have also issued reports about the company. lowered Aluminum Corp. of China from a buy rating to a hold rating in a research report on Thursday, November 2nd. JPMorgan Chase & Co. initiated coverage on Aluminum Corp. of China in a research report on Monday, September 25th. They set a neutral rating on the stock. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Aluminum Corp. of China currently has a consensus rating of Buy.

Aluminum Corp. of China (NYSE:ACH) traded up $0.12 during mid-day trading on Tuesday, hitting $17.51. The stock had a trading volume of 104,140 shares, compared to its average volume of 118,157. Aluminum Corp. of China has a 52 week low of $10.97 and a 52 week high of $23.54. The company has a market cap of $15,490.00, a price-to-earnings ratio of 70.04 and a beta of 0.04.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ACH. Advisors Preferred LLC bought a new stake in Aluminum Corp. of China during the 3rd quarter worth approximately $108,000. Frontier Wealth Management LLC bought a new stake in Aluminum Corp. of China during the 2nd quarter worth approximately $157,000. World Asset Management Inc bought a new stake in Aluminum Corp. of China during the 3rd quarter worth approximately $206,000. Profund Advisors LLC grew its position in Aluminum Corp. of China by 43.0% during the 2nd quarter. Profund Advisors LLC now owns 19,928 shares of the basic materials company’s stock worth $257,000 after acquiring an additional 5,988 shares during the last quarter. Finally, AMP Capital Investors Ltd bought a new stake in Aluminum Corp. of China during the 3rd quarter worth approximately $286,000. Institutional investors and hedge funds own 0.37% of the company’s stock.

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