Frontier Wealth Management LLC purchased a new position in shares of Aluminum Corporation of China Limited (NYSE:ACH) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 12,197 shares of the basic materials company’s stock, valued at approximately $157,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ACH. Citigroup Inc. lifted its position in Aluminum Corporation of China Limited by 6.3% during 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 lifted its stake in shares of Aluminum Corporation of China Limited by 6.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 113,885 shares of the basic materials company’s stock valued at $1,467,000 after purchasing an additional 6,806 shares during the last quarter. Finally, Profund Advisors LLC lifted its stake in shares of Aluminum Corporation of China Limited by 43.0% in the 2nd quarter. Profund Advisors LLC now owns 19,928 shares of the basic materials company’s stock valued at $257,000 after purchasing an additional 5,988 shares during the last quarter. Hedge funds and other institutional investors own 0.32% of the company’s stock.

Aluminum Corporation of China Limited (ACH) opened at 22.50 on Monday. Aluminum Corporation of China Limited has a 1-year low of $9.14 and a 1-year high of $23.46. The company’s 50-day moving average price is $18.30 and its 200-day moving average price is $14.08. The stock has a market cap of $13.41 billion, a P/E ratio of 90.00 and a beta of 0.10.

Several equities analysts have recently commented on the stock. J P Morgan Chase & Co began coverage on shares of Aluminum Corporation of China Limited in a report on Monday, September 25th. They issued a “neutral” rating on the stock. CLSA upgraded Aluminum Corporation of China Limited from an “underperform” rating to a “buy” rating in a report on Monday, August 28th. Finally, BidaskClub upgraded Aluminum Corporation of China Limited from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 10th.

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About Aluminum Corporation of China Limited

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