JPMorgan Chase & Co. Raises Holdings in China Unicom (Hong Kong) Limited (CHU)

JPMorgan Chase & Co. raised its position in China Unicom (Hong Kong) Limited (NYSE:CHU) by 286.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 239,593 shares of the Wireless communications provider’s stock after buying an additional 177,547 shares during the quarter. JPMorgan Chase & Co.’s holdings in China Unicom (Hong Kong) were worth $3,331,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. First Trust Advisors LP raised its stake in shares of China Unicom (Hong Kong) by 17.4% during the second quarter. First Trust Advisors LP now owns 131,377 shares of the Wireless communications provider’s stock worth $1,965,000 after purchasing an additional 19,441 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of China Unicom (Hong Kong) during the second quarter worth approximately $214,000. Ameriprise Financial Inc. purchased a new stake in shares of China Unicom (Hong Kong) during the second quarter worth approximately $181,000. Profund Advisors LLC raised its stake in shares of China Unicom (Hong Kong) by 14.9% during the second quarter. Profund Advisors LLC now owns 59,514 shares of the Wireless communications provider’s stock worth $890,000 after purchasing an additional 7,720 shares during the last quarter. Finally, Citigroup Inc. raised its stake in shares of China Unicom (Hong Kong) by 739.6% during the second quarter. Citigroup Inc. now owns 9,362 shares of the Wireless communications provider’s stock worth $141,000 after purchasing an additional 8,247 shares during the last quarter. Institutional investors own 0.91% of the company’s stock.

Several research firms have recently commented on CHU. Nomura upgraded China Unicom (Hong Kong) from a “reduce” rating to a “neutral” rating in a research note on Thursday, October 26th. Zacks Investment Research cut China Unicom (Hong Kong) from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $16.00.

China Unicom (CHU) opened at $13.92 on Friday. China Unicom has a twelve month low of $11.28 and a twelve month high of $16.55. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.14.

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China Unicom (Hong Kong) Profile

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.

Institutional Ownership by Quarter for China Unicom (Hong Kong) (NYSE:CHU)

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