China Unicom (Hong Kong) Limited (CHU) Holdings Cut by Millennium Management LLC

Millennium Management LLC lowered its stake in shares of China Unicom (Hong Kong) Limited (NYSE:CHU) by 10.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 354,883 shares of the Wireless communications provider’s stock after selling 39,617 shares during the period. Millennium Management LLC’s holdings in China Unicom (Hong Kong) were worth $3,783,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of CHU. Whittier Trust Co. acquired a new stake in shares of China Unicom (Hong Kong) during the fourth quarter worth about $33,000. Quadrant Capital Group LLC raised its position in China Unicom (Hong Kong) by 867.9% in the 4th quarter. Quadrant Capital Group LLC now owns 6,843 shares of the Wireless communications provider’s stock valued at $71,000 after buying an additional 6,136 shares during the last quarter. We Are One Seven LLC acquired a new stake in China Unicom (Hong Kong) in the 4th quarter valued at approximately $130,000. Wetherby Asset Management Inc. raised its position in China Unicom (Hong Kong) by 16.1% in the 4th quarter. Wetherby Asset Management Inc. now owns 13,887 shares of the Wireless communications provider’s stock valued at $148,000 after buying an additional 1,927 shares during the last quarter. Finally, Stevens Capital Management LP acquired a new stake in China Unicom (Hong Kong) in the 4th quarter valued at approximately $175,000. Hedge funds and other institutional investors own 0.97% of the company’s stock.

CHU stock opened at $12.44 on Thursday. The company has a quick ratio of 0.34, a current ratio of 0.35 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $38.06 billion, a price-to-earnings ratio of 24.88, a P/E/G ratio of 0.34 and a beta of 0.99. China Unicom has a twelve month low of $10.33 and a twelve month high of $14.42.

The business also recently declared an annual dividend, which will be paid on Monday, June 24th. Shareholders of record on Thursday, May 16th will be paid a $0.1995 dividend. This represents a yield of 1.52%. This is an increase from China Unicom (Hong Kong)’s previous annual dividend of $0.08. The ex-dividend date is Wednesday, May 15th. China Unicom (Hong Kong)’s dividend payout ratio (DPR) is currently 14.00%.

CHU has been the topic of a number of recent research reports. Zacks Investment Research raised China Unicom (Hong Kong) from a “sell” rating to a “hold” rating in a research report on Thursday, December 27th. ValuEngine raised China Unicom (Hong Kong) from a “hold” rating to a “buy” rating in a research report on Thursday, December 20th. TheStreet raised China Unicom (Hong Kong) from a “d+” rating to a “c” rating in a research report on Friday, March 15th. Bank of America raised China Unicom (Hong Kong) from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 22nd. Finally, New Street Research lowered China Unicom (Hong Kong) from a “buy” rating to a “neutral” rating in a research report on Monday, February 11th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. China Unicom (Hong Kong) presently has a consensus rating of “Hold” and a consensus target price of $12.00.

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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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