Quantbot Technologies LP Acquires New Position in China Mobile (Hong Kong) Ltd. (NYSE:CHL)

Quantbot Technologies LP purchased a new stake in China Mobile (Hong Kong) Ltd. (NYSE:CHL) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 8,212 shares of the Wireless communications provider’s stock, valued at approximately $415,000.

Other hedge funds also recently made changes to their positions in the company. BB&T Corp boosted its stake in China Mobile (Hong Kong) by 2.4% in the 3rd quarter. BB&T Corp now owns 88,959 shares of the Wireless communications provider’s stock valued at $4,498,000 after buying an additional 2,124 shares in the last quarter. Vanguard Group Inc. boosted its stake in China Mobile (Hong Kong) by 26.4% in the 1st quarter. Vanguard Group Inc. now owns 139,011 shares of the Wireless communications provider’s stock valued at $7,677,000 after buying an additional 29,022 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in China Mobile (Hong Kong) by 20.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,063,227 shares of the Wireless communications provider’s stock valued at $162,627,000 after buying an additional 525,370 shares in the last quarter. BT Investment Management Ltd acquired a new stake in China Mobile (Hong Kong) in the 2nd quarter valued at $42,224,000. Finally, Pekin Singer Strauss Asset Management IL boosted its stake in China Mobile (Hong Kong) by 8.5% in the 3rd quarter. Pekin Singer Strauss Asset Management IL now owns 229,136 shares of the Wireless communications provider’s stock valued at $11,587,000 after buying an additional 17,922 shares in the last quarter. 2.01% of the stock is currently owned by institutional investors and hedge funds.

China Mobile (NYSE:CHL) opened at $50.11 on Wednesday. China Mobile has a one year low of $50.00 and a one year high of $58.83.

CHL has been the topic of several recent analyst reports. Zacks Investment Research lowered China Mobile (Hong Kong) from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. Bank of America started coverage on China Mobile (Hong Kong) in a research note on Wednesday, August 30th. They issued a “buy” rating on the stock. BidaskClub raised China Mobile (Hong Kong) from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Finally, ValuEngine raised China Mobile (Hong Kong) from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. China Mobile (Hong Kong) has an average rating of “Hold” and a consensus price target of $57.00.

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About China Mobile (Hong Kong)

China Mobile Limited is an investment holding company principally engaged in telecommunication and related businesses. Its main businesses include Mobile businesses, Wireline Broadband businesses and Internet of Things (IoT) businesses. Mobile businesses include two categories of services. Voice services include local calls, domestic and international long distance calls, roaming services and voice value-added services.

Institutional Ownership by Quarter for China Mobile (Hong Kong) (NYSE:CHL)

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