Renaissance Technologies LLC Sells 93,500 Shares of Aluminum Corp. of China Limited ADR Class H (ACH)

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Renaissance Technologies LLC trimmed its position in shares of Aluminum Corp. of China Limited ADR Class H (NYSE:ACH) by 14.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 562,000 shares of the basic materials company’s stock after selling 93,500 shares during the period. Renaissance Technologies LLC’s holdings in Aluminum Corp. of China Limited ADR Class H were worth $6,227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, BlackRock Inc. raised its stake in Aluminum Corp. of China Limited ADR Class H by 25.0% in the 2nd quarter. BlackRock Inc. now owns 146,763 shares of the basic materials company’s stock worth $1,601,000 after purchasing an additional 29,320 shares in the last quarter. Institutional investors and hedge funds own 0.45% of the company’s stock.

Several analysts have weighed in on the stock. Morgan Stanley cut shares of Aluminum Corp. of China Limited ADR Class H from an “overweight” rating to an “underweight” rating in a research note on Friday, December 14th. Goldman Sachs Group cut shares of Aluminum Corp. of China Limited ADR Class H from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 12th. Finally, ValuEngine upgraded shares of Aluminum Corp. of China Limited ADR Class H from a “sell” rating to a “hold” rating in a research note on Thursday, October 18th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold”.

Shares of NYSE:ACH opened at $8.23 on Friday. The company has a market capitalization of $5.07 billion, a PE ratio of 35.42 and a beta of 0.62. The company has a quick ratio of 0.58, a current ratio of 0.87 and a debt-to-equity ratio of 0.77. Aluminum Corp. of China Limited ADR Class H has a 12 month low of $7.44 and a 12 month high of $18.82.

Aluminum Corp. of China Limited ADR Class H (NYSE:ACH) last issued its earnings results on Thursday, October 25th. The basic materials company reported $0.13 EPS for the quarter. The company had revenue of $6.42 billion during the quarter. Aluminum Corp. of China Limited ADR Class H had a net margin of 0.91% and a return on equity of 1.82%.

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About Aluminum Corp. of China Limited ADR Class H

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 alumina-related products, such as alumina hydrate, alumina-based chemical products, and gallium.

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Institutional Ownership by Quarter for Aluminum Corp. of China Limited ADR Class H (NYSE:ACH)

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