Shares of Aluminum Corporation of China Limited (NYSE:ACH) hit a new 52-week high during trading on Friday . The stock traded as high as $19.30 and last traded at $19.30, with a volume of 121,335 shares trading hands. The stock had previously closed at $18.65.

Several analysts recently commented on the stock. BidaskClub raised shares of Aluminum Corporation of China Limited from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 10th. CLSA raised shares of Aluminum Corporation of China Limited from an “underperform” rating to a “buy” rating in a research report on Monday, August 28th.

The stock’s 50 day moving average price is $16.67 and its 200 day moving average price is $13.52. The company has a market cap of $12.57 billion, a PE ratio of 110.29 and a beta of 0.08.

A number of institutional investors have recently made changes to their positions in the company. Profund Advisors LLC increased its position in shares of Aluminum Corporation of China Limited by 43.0% in the second 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 in the last quarter. Citigroup Inc. increased its position in shares of Aluminum Corporation of China Limited by 6.3% in the second quarter. Citigroup Inc. now owns 121,106 shares of the basic materials company’s stock worth $1,560,000 after buying an additional 7,173 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Aluminum Corporation of China Limited by 6.4% in the second quarter. Parametric Portfolio Associates LLC now owns 113,885 shares of the basic materials company’s stock worth $1,467,000 after buying an additional 6,806 shares in the last quarter. Frontier Wealth Management LLC purchased a new position in shares of Aluminum Corporation of China Limited during the second quarter worth approximately $157,000. Finally, State Street Corp increased its position in shares of Aluminum Corporation of China Limited by 2.2% in the second quarter. State Street Corp now owns 27,647 shares of the basic materials company’s stock worth $356,000 after buying an additional 607 shares in the last quarter. Institutional investors and hedge funds own 0.32% of the company’s stock.

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