Morgan Stanley Lowers Aluminum Corp. of China (ACH) to Equal Weight

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

A number of other analysts also recently weighed in on the stock. downgraded shares of 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 shares of Aluminum Corp. of China in a report on Monday, September 25th. They set a neutral rating on the stock. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Buy.

Shares of Aluminum Corp. of China (ACH) traded up $0.62 during trading hours on Tuesday, hitting $18.13. 86,800 shares of the company were exchanged, compared to its average volume of 114,238. The firm has a market cap of $17,000.00, a P/E ratio of 72.52 and a beta of 0.04. Aluminum Corp. of China has a 1-year low of $10.97 and a 1-year high of $23.54.

A number of hedge funds have recently made changes to their positions in ACH. Advisors Preferred LLC acquired a new stake in Aluminum Corp. of China during the 3rd quarter worth approximately $108,000. Frontier Wealth Management LLC acquired a new stake in Aluminum Corp. of China during the 2nd quarter worth approximately $157,000. World Asset Management Inc acquired a new stake in Aluminum Corp. of China during the 3rd quarter worth approximately $206,000. Profund Advisors LLC raised its holdings 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 buying an additional 5,988 shares during the period. Finally, AMP Capital Investors Ltd acquired a new stake in Aluminum Corp. of China during the 3rd quarter worth approximately $286,000. Hedge funds and other institutional investors own 0.37% of the company’s stock.

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