50,000 Shares in China Mobile (Hong Kong) Ltd. (CHL) Acquired by Segantii Capital Management Ltd

Segantii Capital Management Ltd purchased a new stake in shares of China Mobile (Hong Kong) Ltd. (NYSE:CHL) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 50,000 shares of the Wireless communications provider’s stock, valued at approximately $2,654,000. China Mobile (Hong Kong) comprises about 0.6% of Segantii Capital Management Ltd’s holdings, making the stock its 25th largest position.

Other large investors also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of China Mobile (Hong Kong) by 351.7% in the first quarter. BlackRock Inc. now owns 3,114,943 shares of the Wireless communications provider’s stock valued at $172,038,000 after buying an additional 2,425,378 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of China Mobile (Hong Kong) by 5.7% in the first quarter. Lazard Asset Management LLC now owns 16,123,221 shares of the Wireless communications provider’s stock valued at $890,484,000 after buying an additional 864,087 shares in the last quarter. Karp Capital Management Corp bought a new stake in shares of China Mobile (Hong Kong) during the first quarter valued at $45,352,000. Cambiar Investors LLC boosted its stake in shares of China Mobile (Hong Kong) by 14.5% in the first quarter. Cambiar Investors LLC now owns 4,709,589 shares of the Wireless communications provider’s stock valued at $260,111,000 after buying an additional 598,115 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its stake in shares of China Mobile (Hong Kong) by 23.7% in the first quarter. Macquarie Group Ltd. now owns 2,640,944 shares of the Wireless communications provider’s stock valued at $145,859,000 after buying an additional 506,057 shares in the last quarter. Hedge funds and other institutional investors own 1.97% of the company’s stock.

Shares of China Mobile (CHL) opened at 54.00 on Thursday. China Mobile has a 12 month low of $51.30 and a 12 month high of $63.89. The stock’s 50 day moving average price is $53.11 and its 200 day moving average price is $54.72. The company has a market capitalization of $221.14 billion, a PE ratio of 13.55 and a beta of 0.30.

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Several equities research analysts have recently weighed in on CHL shares. Zacks Investment Research cut China Mobile (Hong Kong) from a “hold” rating to a “sell” rating in a research report on Monday, May 1st. Morgan Stanley cut China Mobile (Hong Kong) from an “overweight” rating to an “underweight” rating in a research report on Wednesday, July 5th. Finally, BidaskClub cut China Mobile (Hong Kong) from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 8th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $60.00.

About China Mobile (Hong Kong)

China Mobile Limited is an investment holding company principally engaged in telecommunication and related businesses. Its main businesses include Mobile businesses, Wireline Broadband businesses and Internet of Things (IoT) businesses. Mobile businesses include two categories of services. Voice services include local calls, domestic and international long distance calls, roaming services and voice value-added services.

Want to see what other hedge funds are holding CHL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for China Mobile (Hong Kong) Ltd. (NYSE:CHL).

Institutional Ownership by Quarter for China Mobile (Hong Kong) (NYSE:CHL)

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