China Unicom (Hong Kong) Limited (NYSE:CHU) Shares Purchased by Parallel Advisors LLC

Share on StockTwits

Parallel Advisors LLC increased its holdings in shares of China Unicom (Hong Kong) Limited (NYSE:CHU) by 101.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,628 shares of the Wireless communications provider’s stock after purchasing an additional 1,325 shares during the quarter. Parallel Advisors LLC’s holdings in China Unicom (Hong Kong) were worth $29,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Evolution Wealth Advisors LLC bought a new stake in shares of China Unicom (Hong Kong) in the 2nd quarter valued at approximately $27,000. Signaturefd LLC grew its holdings in China Unicom (Hong Kong) by 68.7% in the 2nd quarter. Signaturefd LLC now owns 4,810 shares of the Wireless communications provider’s stock worth $52,000 after acquiring an additional 1,959 shares during the last quarter. Quadrant Capital Group LLC lifted its position in shares of China Unicom (Hong Kong) by 49.1% in the 1st quarter. Quadrant Capital Group LLC now owns 10,200 shares of the Wireless communications provider’s stock worth $128,000 after purchasing an additional 3,357 shares during the period. Marshall Wace LLP purchased a new stake in shares of China Unicom (Hong Kong) in the 1st quarter worth about $156,000. Finally, Wetherby Asset Management Inc. lifted its position in shares of China Unicom (Hong Kong) by 43.8% in the 2nd quarter. Wetherby Asset Management Inc. now owns 20,878 shares of the Wireless communications provider’s stock worth $228,000 after purchasing an additional 6,359 shares during the period. 1.08% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE CHU traded up $0.01 during mid-day trading on Wednesday, hitting $9.87. The company had a trading volume of 1,744 shares, compared to its average volume of 442,319. The stock has a market cap of $30.38 billion, a price-to-earnings ratio of 19.72 and a beta of 1.01. China Unicom has a 12 month low of $9.05 and a 12 month high of $13.66. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.38 and a quick ratio of 0.37. The firm’s 50 day simple moving average is $9.96 and its two-hundred day simple moving average is $11.29.

A number of analysts recently weighed in on CHU shares. UBS Group raised shares of China Unicom (Hong Kong) from a “neutral” rating to a “buy” rating in a research note on Monday, June 10th. Credit Suisse Group raised China Unicom (Hong Kong) from a “neutral” rating to an “outperform” rating in a research report on Wednesday, August 14th. New Street Research downgraded China Unicom (Hong Kong) from a “buy” rating to a “neutral” rating in a research report on Monday, August 19th. Finally, Zacks Investment Research raised China Unicom (Hong Kong) from a “sell” rating to a “hold” rating in a research report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. China Unicom (Hong Kong) currently has a consensus rating of “Buy” and a consensus price target of $12.00.

China Unicom (Hong Kong) Profile

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.

Recommended Story: Systematic Risk

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

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



Latest News

Fastly  Downgraded by ValuEngine
Fastly Downgraded by ValuEngine
NF Energy Saving  Lowered to Strong Sell at ValuEngine
NF Energy Saving Lowered to Strong Sell at ValuEngine
Loma Negra Compania Indl Argentina  Upgraded by ValuEngine to Buy
Loma Negra Compania Indl Argentina Upgraded by ValuEngine to Buy
Stock Analysts’ Price Target Changes for October, 16th
Stock Analysts’ Price Target Changes for October, 16th
Nuveen Asset Management LLC Makes New $6.61 Million Investment in Elastic NV
Nuveen Asset Management LLC Makes New $6.61 Million Investment in Elastic NV
Nuveen Asset Management LLC Purchases Shares of 154,040 Columbus McKinnon Corp.
Nuveen Asset Management LLC Purchases Shares of 154,040 Columbus McKinnon Corp.


© 2006-2019 Ticker Report