Ronald Blue & Co. LLC raised its position in China Unicom (Hong Kong) Ltd (NYSE:CHU) by 9.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. US Bancorp DE increased its position in China Unicom (Hong Kong) by 1.8% in the second quarter. US Bancorp DE now owns 7,247 shares of the Wireless communications provider’s stock worth $108,000 after buying an additional 128 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of China Unicom (Hong Kong) during the fourth quarter worth $116,000. FNY Partners Fund LP bought a new stake in shares of China Unicom (Hong Kong) during the first quarter worth $117,000. Trexquant Investment LP bought a new stake in shares of China Unicom (Hong Kong) during the first quarter worth $211,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of China Unicom (Hong Kong) by 4.6% in the first quarter. PNC Financial Services Group Inc. now owns 16,837 shares of the Wireless communications provider’s stock valued at $227,000 after buying an additional 738 shares in the last quarter. 1.21% of the stock is currently owned by institutional investors and hedge funds.
China Unicom (NYSE:CHU) traded up 0.27% during mid-day trading on Wednesday, reaching $15.05. The company’s stock had a trading volume of 199,093 shares. The stock’s 50-day moving average is $14.56 and its 200-day moving average is $13.40. China Unicom has a 12 month low of $10.52 and a 12 month high of $15.15. The firm has a market capitalization of $36.04 billion, a PE ratio of 250.83 and a beta of 0.74.
CHU has been the subject of several research analyst reports. Zacks Investment Research upgraded China Unicom (Hong Kong) from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Wednesday, July 26th. Sanford C. Bernstein reaffirmed a “buy” rating on shares of China Unicom (Hong Kong) in a research note on Tuesday, July 11th. BidaskClub raised China Unicom (Hong Kong) from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Jefferies Group LLC upgraded China Unicom (Hong Kong) from an “underperform” rating to a “buy” rating in a research report on Thursday, April 27th. Finally, Morgan Stanley downgraded China Unicom (Hong Kong) from an “overweight” rating to an “underweight” rating in a research report on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. The company has an average 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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