The institutional investor owned 1,544,300 shares of the Wireless communications provider's stock after buying an additional 52,700 shares during the period. Private Asset Management Inc.'s holdings in China Mobile (Hong Kong) were worth $1,687,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in CHU. China Mobile (Hong Kong) earned a coverage optimism score of 0.36 on Accern's scale. Parametric Portfolio Associates LLC now owns 191,169 shares of the Wireless communications provider's stock valued at $2,575,000 after buying an additional 62,000 shares during the last quarter. Bank of Montreal Can raised its stake in shares of China Mobile (Hong Kong) by 25.3% in the second quarter. Parallel Advisors LLC now owns 4,716 shares of the Wireless communications provider's stock worth $252,000 after buying an additional 127 shares in the last quarter. Reilly Financial Advisors LLC now owns 17,771 shares of the Wireless communications provider's stock valued at $981,000 after buying an additional 1,108 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in China Unicom (Hong Kong) during the fourth quarter valued at about $852,000. Finally, TD Asset Management Inc. boosted its stake in China Mobile (Hong Kong) by 0.9% in the first quarter. Capstone Asset Management Co. now owns 39,839 shares of the Wireless communications provider's stock valued at $537,000 after buying an additional 130 shares during the last quarter. Institutional investors and hedge funds own 1.21% of the company's stock.
Shares of China Mobile (CHL) opened at 51.46 on Thursday. The firm has a market capitalization of $34.51 billion, a price-to-earnings ratio of 240.17 and a beta of 0.75. The company has a 50-day moving average of $54.48 and a 200 day moving average of $54.83. China Unicom has a 52 week low of $10.01 and a 52 week high of $15.15. This represents a yield of 2.94%.
2 killed in plane crash in Cummings, Kansas identified by authorities
The Federal Aviation Administration is en route to investigate the crash. The plane left the Amelia Earhart Airport in Atchison around 10 a.m.
ILLEGAL ACTIVITY NOTICE: "China Mobile (Hong Kong) Ltd. (CHL) Position Boosted by Private Asset Management Inc." was first reported by Transcript Daily and is the property of of Transcript Daily. If you are reading this report on another website, it was copied illegally and republished in violation of US & worldwide copyright & trademark law. The correct version of this story can be viewed at https://sportsperspectives.com/2017/07/16/china-mobile-hong-kong-ltd-chl-downgraded-to-underweight-at-morgan-stanley-updated.html. BidaskClub downgraded China Mobile (Hong Kong) from a "hold" rating to a "sell" rating in a report on Wednesday, June 14th. Finally, Macquarie started coverage on China Unicom (Hong Kong) in a report on Thursday, March 23rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of "Hold" and an average target price of $60.00.
China Unicom (Hong Kong) Limited is a Hong Kong-based investment holding company principally engaged in the provision of telecommunications services. Its main businesses include Mobile businesses and Wireline Broadband businesses. The Company's businesses include mobile businesses, fixed-line businesses, enterprise businesses and global businesses.
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