D.A. Davidson & CO. bought a new position in China Unicom (Hong Kong) Ltd (NYSE:CHU) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 19,762 shares of the Wireless communications provider’s stock, valued at approximately $295,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Russell Investments Group Ltd. raised its position in shares of China Unicom (Hong Kong) by 56.4% in the first quarter. Russell Investments Group Ltd. now owns 115,008 shares of the Wireless communications provider’s stock valued at $1,549,000 after purchasing an additional 41,454 shares during the period. Wells Fargo & Company MN boosted its holdings in China Unicom (Hong Kong) by 23.4% in the 1st quarter. Wells Fargo & Company MN now owns 33,401 shares of the Wireless communications provider’s stock worth $450,000 after buying an additional 6,329 shares during the period. First Trust Advisors LP boosted its holdings in China Unicom (Hong Kong) by 46.5% in the 1st quarter. First Trust Advisors LP now owns 111,936 shares of the Wireless communications provider’s stock worth $1,508,000 after buying an additional 35,537 shares during the period. Comerica Bank boosted its holdings in China Unicom (Hong Kong) by 1.3% in the 1st quarter. Comerica Bank now owns 137,525 shares of the Wireless communications provider’s stock worth $1,803,000 after buying an additional 1,783 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its holdings in China Unicom (Hong Kong) by 48.0% in the 1st quarter. Parametric Portfolio Associates LLC now owns 191,169 shares of the Wireless communications provider’s stock worth $2,575,000 after buying an additional 62,000 shares during the period. Hedge funds and other institutional investors own 1.18% of the company’s stock.

Shares of China Unicom (NYSE CHU) opened at 14.05 on Tuesday. The firm has a 50-day moving average of $14.65 and a 200 day moving average of $14.18. China Unicom has a 1-year low of $10.84 and a 1-year high of $16.55. The stock has a market capitalization of $33.65 billion, a PE ratio of 140.50 and a beta of 0.71.

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A number of equities research analysts have issued reports on CHU shares. Sanford C. Bernstein reissued a “buy” rating on shares of China Unicom (Hong Kong) in a report on Tuesday, July 11th. Morgan Stanley lowered China Unicom (Hong Kong) from an “overweight” rating to an “underweight” rating in a report on Wednesday, July 5th. Zacks Investment Research upgraded China Unicom (Hong Kong) from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Monday, August 28th. Nomura cut China Unicom (Hong Kong) from a “neutral” rating to a “reduce” rating in a research report on Thursday, August 24th. Finally, Bank of America Corporation initiated coverage on China Unicom (Hong Kong) in a research note on Wednesday, August 30th. They set a “neutral” rating on the stock. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. China Unicom (Hong Kong) currently has a consensus rating of “Hold” and an average target price of $16.00.

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.

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

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