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

Renaissance Technologies LLC reduced its position in shares of Aluminum Corp. of China Limited ADR Class H (NYSE:ACH) by 14.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 562,000 shares of the basic materials company’s stock after selling 93,500 shares during the quarter. Renaissance Technologies LLC owned 0.09% of Aluminum Corp. of China Limited ADR Class H worth $6,227,000 as of its most recent SEC filing.

Separately, Hsbc Holdings PLC bought a new stake in shares of Aluminum Corp. of China Limited ADR Class H during the 3rd quarter valued at about $7,610,000. Hedge funds and other institutional investors own 0.45% of the company’s stock.

A number of research firms have issued reports on ACH. ValuEngine upgraded Aluminum Corp. of China Limited ADR Class H from a “sell” rating to a “hold” rating in a research note on Thursday, October 18th. Morgan Stanley downgraded Aluminum Corp. of China Limited ADR Class H from an “overweight” rating to an “underweight” rating in a research note on Friday, December 14th. Finally, Goldman Sachs Group downgraded Aluminum Corp. of China Limited ADR Class H from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 12th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold”.



Shares of NYSE:ACH opened at $8.23 on Friday. The company has a market cap of $5.07 billion, a P/E 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 announced its quarterly earnings data on Thursday, October 25th. The basic materials company reported $0.13 earnings per share (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 return on equity of 1.82% and a net margin of 0.91%.

COPYRIGHT VIOLATION WARNING: “Renaissance Technologies LLC Sells 93,500 Shares of Aluminum Corp. of China Limited ADR Class H (ACH)” was first published by Dakota Financial News and is the sole property of of Dakota Financial News. If you are reading this piece of content on another website, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be read at https://dakotafinancialnews.com/2019/01/12/renaissance-technologies-llc-sells-93500-shares-of-aluminum-corp-of-china-limited-adr-class-h-ach.html.

Aluminum Corp. of China Limited ADR Class H 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 alumina-related products, such as alumina hydrate, alumina-based chemical products, and gallium.

Further Reading: How a Back-End Load Mutual Fund Works

Want to see what other hedge funds are holding ACH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aluminum Corp. of China Limited ADR Class H (NYSE:ACH).

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

Receive News & Ratings for Aluminum Corp. of China Limited ADR Class H Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aluminum Corp. of China Limited ADR Class H and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply