Parametric Portfolio Associates LLC Increases Holdings in China Telecom Corp Ltd (CHA)

Parametric Portfolio Associates LLC raised its position in China Telecom Corp Ltd (NYSE:CHA) by 4.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 30,175 shares of the utilities provider’s stock after purchasing an additional 1,295 shares during the period. Parametric Portfolio Associates LLC’s holdings in China Telecom Corp were worth $1,446,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Morgan Stanley lifted its holdings in China Telecom Corp by 42.0% in the 1st quarter. Morgan Stanley now owns 28,581 shares of the utilities provider’s stock valued at $1,391,000 after purchasing an additional 8,449 shares in the last quarter. Diversified Trust Co purchased a new position in China Telecom Corp in the 2nd quarter valued at $208,000. Acadian Asset Management LLC lifted its holdings in China Telecom Corp by 109.6% in the 2nd quarter. Acadian Asset Management LLC now owns 10,280 shares of the utilities provider’s stock valued at $493,000 after purchasing an additional 5,375 shares in the last quarter. UBS Group AG lifted its holdings in China Telecom Corp by 38.4% in the 1st quarter. UBS Group AG now owns 16,974 shares of the utilities provider’s stock valued at $826,000 after purchasing an additional 4,713 shares in the last quarter. Finally, Summit Global Investments purchased a new position in China Telecom Corp in the 2nd quarter valued at $632,000. Institutional investors own 0.43% of the company’s stock.

A number of brokerages have weighed in on CHA. Zacks Investment Research lowered China Telecom Corp from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Bank of America Corporation began coverage on China Telecom Corp in a report on Wednesday, August 30th. They set a “buy” rating on the stock. Finally, BidaskClub upgraded China Telecom Corp from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $55.00.

China Telecom Corp Ltd (NYSE CHA) opened at $50.00 on Tuesday. China Telecom Corp Ltd has a fifty-two week low of $45.58 and a fifty-two week high of $53.78. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.24 and a current ratio of 0.25.

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China Telecom Corp Company Profile

China Telecom Corporation Limited is an investment holding company principally engaged in telecommunications and related businesses. The Company provides integrated information services, including wireline and mobile telecommunications services, Internet access services, information services and other value-added telecommunications services.

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

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