Signaturefd LLC Lowers Stock Holdings in China Telecom Co. Limited (NYSE:CHA)

Signaturefd LLC trimmed its stake in China Telecom Co. Limited (NYSE:CHA) by 19.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,391 shares of the utilities provider’s stock after selling 1,342 shares during the period. Signaturefd LLC’s holdings in China Telecom were worth $246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in CHA. Marshall Wace LLP purchased a new stake in China Telecom in the 1st quarter valued at about $36,000. Marshall Wace North America L.P. purchased a new stake in China Telecom in the 1st quarter valued at about $169,000. Campbell & CO Investment Adviser LLC purchased a new stake in China Telecom in the 2nd quarter valued at about $465,000. Greenleaf Trust boosted its position in China Telecom by 6.1% in the 2nd quarter. Greenleaf Trust now owns 10,881 shares of the utilities provider’s stock valued at $544,000 after buying an additional 623 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its position in China Telecom by 51.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,070 shares of the utilities provider’s stock valued at $54,000 after buying an additional 365 shares during the period. 0.48% of the stock is owned by institutional investors.

Shares of NYSE:CHA traded up $0.36 during trading hours on Friday, hitting $46.04. The company’s stock had a trading volume of 43,459 shares, compared to its average volume of 44,514. China Telecom Co. Limited has a 52 week low of $42.34 and a 52 week high of $57.09. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.30 and a quick ratio of 0.29. The company has a market capitalization of $36.97 billion, a price-to-earnings ratio of 12.08, a P/E/G ratio of 1.38 and a beta of 0.75. The firm’s fifty day moving average price is $45.83 and its 200 day moving average price is $48.39.

Several equities research analysts have issued reports on CHA shares. UBS Group raised shares of China Telecom from a “neutral” rating to a “buy” rating in a research report on Thursday, September 26th. Citigroup raised shares of China Telecom from a “neutral” rating to a “buy” rating in a research report on Wednesday. Finally, Zacks Investment Research raised shares of China Telecom from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 12th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $57.95.

China Telecom Profile

China Telecom Corporation Limited, together with its subsidiaries, provides wireline and mobile telecommunications services primarily in the People's Republic of China. It offers wireline voice services, including local wireline telephone services and long distance wireline services; CDMA mobile voice services, such as local calls, domestic and international long distance calls, intra-provincial roaming, and inter-provincial roaming and international roaming; wireline Internet access services comprising dial-up and broadband services; wireless Internet access services; and wireline, Internet, and mobile value-added services.

Featured Article: What causes a stock to be most active?

Institutional Ownership by Quarter for China Telecom (NYSE:CHA)

Receive News & Ratings for China Telecom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Telecom and related companies with MarketBeat.com's FREE daily email newsletter.