UBS Group AG increased its position in China Unicom (Hong Kong) Ltd (NYSE:CHU) by 11.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 165,438 shares of the Wireless communications provider’s stock after buying an additional 17,243 shares during the period. UBS Group AG’s holdings in China Unicom (Hong Kong) were worth $2,229,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in China Unicom (Hong Kong) during the fourth quarter worth about $116,000. Trexquant Investment LP bought a new position in China Unicom (Hong Kong) during the first quarter worth about $211,000. PNC Financial Services Group Inc. boosted its position 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 during the period. Wells Fargo & Company MN boosted its position in shares of China Unicom (Hong Kong) by 23.4% in the first quarter. Wells Fargo & Company MN now owns 33,401 shares of the Wireless communications provider’s stock valued at $450,000 after buying an additional 6,329 shares during the period. Finally, Locust Wood Capital Advisers LLC acquired a new position in shares of China Unicom (Hong Kong) during the first quarter valued at about $466,000. 1.21% of the stock is owned by institutional investors and hedge funds.

Shares of China Unicom (CHU) traded up 4.29% during mid-day trading on Friday, hitting $15.06. 719,962 shares of the stock traded hands. China Unicom has a 12-month low of $10.33 and a 12-month high of $15.15. The firm’s 50 day moving average price is $14.55 and its 200 day moving average price is $13.37. The firm has a market cap of $36.06 billion, a price-to-earnings ratio of 251.00 and a beta of 0.74.

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Several research analysts recently issued reports on the stock. Jefferies Group LLC raised shares of China Unicom (Hong Kong) from an “underperform” rating to a “buy” rating in a report on Thursday, April 27th. Zacks Investment Research raised shares of China Unicom (Hong Kong) from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a report on Wednesday, July 26th. Sanford C. Bernstein reaffirmed a “buy” rating on shares of China Unicom (Hong Kong) in a report on Tuesday, July 11th. Morgan Stanley cut shares of China Unicom (Hong Kong) from an “overweight” rating to an “underweight” rating in a report on Wednesday, July 5th. Finally, BidaskClub raised shares of China Unicom (Hong Kong) from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Buy” and an average 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.

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

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