Barclays PLC Acquires 9,000 Shares of Aluminum Co. of China Limited (NYSE:ACH)

Barclays PLC lifted its holdings in shares of Aluminum Co. of China Limited (NYSE:ACH) by 40.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,500 shares of the basic materials company’s stock after acquiring an additional 9,000 shares during the quarter. Barclays PLC’s holdings in Aluminum Co. of China were worth $329,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Bank of Montreal Can bought a new stake in Aluminum Co. of China in the 1st quarter valued at $278,000. OLD Mission Capital LLC boosted its stake 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 period. Jane Street Group LLC boosted its stake in Aluminum Co. of China by 123.3% in the 4th quarter. Jane Street Group LLC now owns 102,810 shares of the basic materials company’s stock valued at $892,000 after purchasing an additional 56,759 shares during the period. BlackRock Inc. boosted its stake in Aluminum Co. of China by 180.1% in the 1st quarter. BlackRock Inc. now owns 278,228 shares of the basic materials company’s stock valued at $2,910,000 after purchasing an additional 178,888 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in Aluminum Co. of China by 5.4% in the 4th quarter. Renaissance Technologies LLC now owns 492,400 shares of the basic materials company’s stock valued at $4,274,000 after purchasing an additional 25,100 shares during the period. Institutional investors own 0.37% of the company’s stock.

Shares of NYSE ACH opened at $15.30 on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.91 and a quick ratio of 0.86. Aluminum Co. of China Limited has a fifty-two week low of $5.00 and a fifty-two week high of $16.93. The firm has a market cap of $10.42 billion, a PE ratio of 139.09 and a beta of 1.93. The firm has a fifty day moving average of $14.27.

Aluminum Co. of China (NYSE:ACH) last posted its quarterly earnings results on Tuesday, April 27th. The basic materials company reported $0.28 EPS for the quarter. The business had revenue of $8.12 billion for the quarter. As a group, equities research analysts expect that Aluminum Co. of China Limited will post 0.68 earnings per share for the current fiscal year.

Several equities analysts have weighed in on the company. Zacks Investment Research raised Aluminum Co. of China from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Wednesday. JPMorgan Chase & Co. raised Aluminum Co. of China from a “neutral” rating to an “overweight” rating and set a $4.50 price objective for the company in a report on Thursday, April 8th.

Aluminum Co. of China Profile

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.

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Institutional Ownership by Quarter for Aluminum Co. of China (NYSE:ACH)

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