85,900 Shares in China Unicom (Hong Kong) Limited (CHU) Purchased by Moon Capital Management LP

Moon Capital Management LP bought a new position in shares of China Unicom (Hong Kong) Limited (NYSE:CHU) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 85,900 shares of the Wireless communications provider’s stock, valued at approximately $916,000. China Unicom (Hong Kong) accounts for about 0.6% of Moon Capital Management LP’s investment portfolio, making the stock its 21st largest holding.

A number of other hedge funds have also recently modified their holdings of the business. Russell Investments Group Ltd. lifted its stake in China Unicom (Hong Kong) by 7.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 298,690 shares of the Wireless communications provider’s stock worth $3,492,000 after purchasing an additional 21,114 shares in the last quarter. Comerica Bank raised its position in shares of China Unicom (Hong Kong) by 6.3% during the 3rd quarter. Comerica Bank now owns 178,079 shares of the Wireless communications provider’s stock valued at $2,002,000 after buying an additional 10,601 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of China Unicom (Hong Kong) by 129.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 106,968 shares of the Wireless communications provider’s stock valued at $1,250,000 after buying an additional 60,346 shares in the last quarter. Trexquant Investment LP purchased a new stake in shares of China Unicom (Hong Kong) during the 3rd quarter valued at about $171,000. Finally, Credit Suisse AG raised its position in shares of China Unicom (Hong Kong) by 10.3% during the 3rd quarter. Credit Suisse AG now owns 372,224 shares of the Wireless communications provider’s stock valued at $4,352,000 after buying an additional 34,805 shares in the last quarter. 0.97% of the stock is currently owned by institutional investors.

Several brokerages have recently issued reports on CHU. New Street Research cut shares of China Unicom (Hong Kong) from a “buy” rating to a “neutral” rating in a research report on Monday, February 11th. Zacks Investment Research upgraded shares of China Unicom (Hong Kong) from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Wednesday, January 23rd. Bank of America upgraded shares of China Unicom (Hong Kong) from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 22nd. ValuEngine upgraded shares of China Unicom (Hong Kong) from a “hold” rating to a “buy” rating in a research report on Thursday, December 20th. Finally, Mizuho upgraded shares of China Unicom (Hong Kong) from an “underperform” rating to a “neutral” rating in a research report on Monday, November 19th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. China Unicom (Hong Kong) currently has a consensus rating of “Buy” and an average price target of $12.00.



NYSE:CHU traded up $0.11 during mid-day trading on Friday, hitting $12.76. 4,899 shares of the stock traded hands, compared to its average volume of 559,181. The company has a market capitalization of $37.82 billion, a price-to-earnings ratio of 116.27, a PEG ratio of 0.33 and a beta of 0.97. China Unicom has a 52 week low of $10.33 and a 52 week high of $14.42. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.05.

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About China Unicom (Hong Kong)

China Unicom Hong Kong Limited, an integrated telecommunications operator, provides telecommunications services and telecommunications products worldwide. It offers mobile voice services that enable its subscribers to make and receive phone calls comprising local calls, domestic and international long-distance calls, intra-provincial roaming, inter-provincial roaming, and international roaming; and mobile data, mobile reading, mobile music, WO app store, SMS, personalized ring-back tone, and other wireless information services.

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

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