US Bancorp DE Purchases 11,070 Shares of China Unicom (Hong Kong) Limited (NYSE:CHU)

US Bancorp DE increased its position in China Unicom (Hong Kong) Limited (NYSE:CHU) by 218.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 16,142 shares of the Wireless communications provider’s stock after buying an additional 11,070 shares during the period. US Bancorp DE’s holdings in China Unicom (Hong Kong) were worth $177,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of CHU. Renaissance Technologies LLC boosted its holdings in China Unicom (Hong Kong) by 19.5% in the 2nd quarter. Renaissance Technologies LLC now owns 3,739,030 shares of the Wireless communications provider’s stock worth $40,755,000 after buying an additional 610,574 shares during the period. Marshall Wace North America L.P. bought a new position in China Unicom (Hong Kong) in the 1st quarter worth $2,374,000. OMERS ADMINISTRATION Corp boosted its holdings in China Unicom (Hong Kong) by 246.8% in the 2nd quarter. OMERS ADMINISTRATION Corp now owns 105,415 shares of the Wireless communications provider’s stock worth $1,165,000 after buying an additional 75,015 shares during the period. Strategic Global Advisors LLC bought a new position in China Unicom (Hong Kong) in the 2nd quarter worth $663,000. Finally, Banco de Sabadell S.A boosted its holdings in China Unicom (Hong Kong) by 154.1% in the 2nd quarter. Banco de Sabadell S.A now owns 39,217 shares of the Wireless communications provider’s stock worth $427,000 after buying an additional 23,781 shares during the period. 1.04% of the stock is owned by institutional investors.

Shares of NYSE CHU traded up $0.12 during mid-day trading on Thursday, hitting $10.73. 5,654 shares of the company’s stock traded hands, compared to its average volume of 318,773. The company’s 50-day moving average is $10.20 and its two-hundred day moving average is $11.01. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.38 and a quick ratio of 0.37. The company has a market capitalization of $32.46 billion, a P/E ratio of 21.44 and a beta of 0.96. China Unicom has a 1 year low of $9.05 and a 1 year high of $13.66.

CHU has been the subject of several recent analyst reports. New Street Research downgraded shares of China Unicom (Hong Kong) from a “buy” rating to a “neutral” rating in a report on Monday, August 19th. Sanford C. Bernstein downgraded shares of China Unicom (Hong Kong) from an “outperform” rating to a “market perform” rating in a report on Thursday, September 19th. Credit Suisse Group raised shares of China Unicom (Hong Kong) from a “neutral” rating to an “outperform” rating in a report on Wednesday, August 14th. Goldman Sachs Group raised shares of China Unicom (Hong Kong) from a “neutral” rating to a “buy” rating and increased their price objective for the company from $13.00 to $13.20 in a report on Tuesday, September 17th. Finally, Zacks Investment Research raised shares of China Unicom (Hong Kong) from a “sell” rating to a “hold” rating in a report on Monday. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $12.60.

About China Unicom (Hong Kong)

China Unicom (Hong Kong) Limited, an investment holding company, provides cellular and fixed-line voice, and related value-added services in the People's Republic of China. It also provides broadband and other Internet-related services, information communications technology services, and business and data communications services.

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

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