Ronald Blue & Co. LLC boosted its position in shares of China Unicom (Hong Kong) Ltd (NYSE:CHU) by 9.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,392 shares of the Wireless communications provider’s stock after buying an additional 986 shares during the period. Ronald Blue & Co. LLC’s holdings in China Unicom (Hong Kong) were worth $170,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parametric Portfolio Associates LLC increased its position in China Unicom (Hong Kong) by 48.0% in the first quarter. Parametric Portfolio Associates LLC now owns 191,169 shares of the Wireless communications provider’s stock worth $2,575,000 after buying an additional 62,000 shares in the last quarter. Karp Capital Management Corp bought a new stake in China Unicom (Hong Kong) during the first quarter valued at $7,475,000. Locust Wood Capital Advisers LLC bought a new stake in China Unicom (Hong Kong) during the first quarter valued at $466,000. World Asset Management Inc raised its stake in China Unicom (Hong Kong) by 1.4% in the first quarter. World Asset Management Inc now owns 149,267 shares of the Wireless communications provider’s stock valued at $2,011,000 after buying an additional 2,080 shares during the last quarter. Finally, Comerica Bank raised its stake in China Unicom (Hong Kong) by 1.3% in the first quarter. Comerica Bank now owns 137,525 shares of the Wireless communications provider’s stock valued at $1,803,000 after buying an additional 1,783 shares during the last quarter. Hedge funds and other institutional investors own 1.21% of the company’s stock.
Shares of China Unicom (NYSE CHU) opened at 14.74 on Friday. China Unicom has a 12-month low of $10.33 and a 12-month high of $15.15. The company’s 50-day moving average price is $14.54 and its 200 day moving average price is $13.30. The stock has a market cap of $35.30 billion, a price-to-earnings ratio of 245.67 and a beta of 0.75.
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CHU has been the topic of several recent research reports. BidaskClub lowered China Unicom (Hong Kong) from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Morgan Stanley lowered China Unicom (Hong Kong) from an “overweight” rating to an “underweight” rating in a report on Wednesday, July 5th. Zacks Investment Research upgraded China Unicom (Hong Kong) from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Monday, May 22nd. Sanford C. Bernstein restated a “buy” rating on shares of China Unicom (Hong Kong) in a report on Tuesday, July 11th. Finally, Jefferies Group LLC upgraded China Unicom (Hong Kong) from an “underperform” rating to a “buy” rating in a report on Thursday, April 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. China Unicom (Hong Kong) has a consensus rating of “Buy” and a consensus price target of $14.25.
About China Unicom (Hong Kong)
China Unicom (Hong Kong) Limited is a Hong Kong-based investment holding company principally engaged in the provision of telecommunications services. The Company’s businesses include mobile businesses, fixed-line businesses and others. Its mobile businesses include the provision of call services, roaming services, mobile broadband services, traditional value-added services such as short message services, multimedia message services and wireless Internet access card, as well as new value-added services such as mobile music, mobile television and Wo portal services.
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