Strategic Global Advisors LLC Purchases Shares of 60,796 China Unicom (Hong Kong) Limited (NYSE:CHU)

Strategic Global Advisors LLC purchased a new position in China Unicom (Hong Kong) Limited (NYSE:CHU) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 60,796 shares of the Wireless communications provider’s stock, valued at approximately $663,000.

A number of other institutional investors have also recently made changes to their positions in the business. Evolution Wealth Advisors LLC bought a new stake in shares of China Unicom (Hong Kong) during the 2nd quarter valued at about $27,000. Parallel Advisors LLC raised its position in shares of China Unicom (Hong Kong) by 101.7% in the 2nd quarter. Parallel Advisors LLC now owns 2,628 shares of the Wireless communications provider’s stock worth $29,000 after acquiring an additional 1,325 shares in the last quarter. Signaturefd LLC raised its position in shares of 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 in the last quarter. Marshall Wace LLP purchased a new position in shares of China Unicom (Hong Kong) in the 1st quarter valued at approximately $156,000. Finally, LPL Financial LLC lifted its stake in shares of China Unicom (Hong Kong) by 26.8% in the 2nd quarter. LPL Financial LLC now owns 15,921 shares of the Wireless communications provider’s stock valued at $174,000 after purchasing an additional 3,369 shares during the period. 1.04% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently weighed in on CHU. Credit Suisse Group raised China Unicom (Hong Kong) from a “neutral” rating to an “outperform” rating in a research note on Wednesday, August 14th. UBS Group upgraded China Unicom (Hong Kong) from a “neutral” rating to a “buy” rating in a report on Monday, June 10th. Zacks Investment Research lowered China Unicom (Hong Kong) from a “hold” rating to a “sell” rating in a research report on Wednesday, August 28th. Finally, New Street Research cut shares of China Unicom (Hong Kong) from a “buy” rating to a “neutral” rating in a report on Monday, August 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $12.00.

CHU traded down $0.01 during midday trading on Wednesday, reaching $10.70. The company’s stock had a trading volume of 15,335 shares, compared to its average volume of 409,766. China Unicom has a 1 year low of $9.05 and a 1 year high of $13.66. The stock’s 50-day moving average is $9.83 and its 200-day moving average is $11.17. The firm has a market capitalization of $31.76 billion, a price-to-earnings ratio of 21.38 and a beta of 0.99. The company has a current ratio of 0.38, a quick ratio of 0.37 and a debt-to-equity ratio of 0.09.

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.

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

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