Connor Clark & Lunn Investment Management Ltd. decreased its holdings in China Mobile Ltd. (NYSE:CHL) by 30.5% in the fourth quarter, HoldingsChannel reports. The firm owned 21,400 shares of the Wireless communications provider’s stock after selling 9,400 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in China Mobile were worth $1,027,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. US Bancorp DE boosted its holdings in shares of China Mobile by 8.9% during the 3rd quarter. US Bancorp DE now owns 33,763 shares of the Wireless communications provider’s stock worth $1,652,000 after buying an additional 2,764 shares in the last quarter. LSV Asset Management boosted its holdings in shares of China Mobile by 2.2% during the 3rd quarter. LSV Asset Management now owns 590,800 shares of the Wireless communications provider’s stock worth $28,907,000 after buying an additional 12,600 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of China Mobile by 36.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,229 shares of the Wireless communications provider’s stock worth $305,000 after buying an additional 1,649 shares in the last quarter. Stelac Advisory Services LLC bought a new position in shares of China Mobile during the 3rd quarter worth approximately $139,000. Finally, Crossmark Global Holdings Inc. boosted its holdings in shares of China Mobile by 5.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 135,800 shares of the Wireless communications provider’s stock worth $6,645,000 after buying an additional 7,515 shares in the last quarter. 2.02% of the stock is owned by hedge funds and other institutional investors.
Shares of CHL opened at $54.94 on Friday. China Mobile Ltd. has a 12-month low of $43.25 and a 12-month high of $54.95. The firm has a market capitalization of $224.98 billion, a P/E ratio of 13.30, a PEG ratio of 2.95 and a beta of 0.65.
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China Mobile Profile
China Mobile Limited, an investment holding company, provides mobile telecommunications and related services in Mainland China and Hong Kong. The company offers voice services, including local calls; domestic and international long distance calls and roaming services; and value-added services, such as caller identity display, call waiting, conference calls, and others.
Further Reading: What is a Leveraged Buyout (LBO)?
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