20,015 Shares in China Unicom (Hong Kong) Ltd (NYSE:CHU) Acquired by Capital One National Association

Capital One National Association acquired a new stake in shares of China Unicom (Hong Kong) Ltd (NYSE:CHU) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 20,015 shares of the Wireless communications provider’s stock, valued at approximately $299,000.

Several other hedge funds also recently made changes to their positions in the stock. FMR LLC bought a new stake in shares of China Unicom (Hong Kong) during the first quarter valued at approximately $46,285,000. Karp Capital Management Corp bought a new stake in shares of China Unicom (Hong Kong) during the first quarter valued at approximately $7,475,000. JPMorgan Chase & Co. boosted its stake in shares of China Unicom (Hong Kong) by 28,837.9% in the first quarter. JPMorgan Chase & Co. now owns 80,158 shares of the Wireless communications provider’s stock valued at $1,080,000 after buying an additional 79,881 shares during the period. Russell Investments Group Ltd. bought a new stake in shares of China Unicom (Hong Kong) during the fourth quarter valued at approximately $852,000. Finally, Parametric Portfolio Associates LLC increased its position in China Unicom (Hong Kong) by 48.0% in the first quarter. Parametric Portfolio Associates LLC now owns 191,169 shares of the Wireless communications provider’s stock valued at $2,575,000 after buying an additional 62,000 shares during the period. Hedge funds and other institutional investors own 1.21% of the company’s stock.

China Unicom (NYSE CHU) traded up 2.25% during trading on Friday, reaching $14.98. 464,168 shares of the company’s stock traded hands. The company has a 50-day moving average of $14.60 and a 200 day moving average of $13.50. The stock has a market capitalization of $35.87 billion, a P/E ratio of 249.67 and a beta of 0.74. China Unicom has a 12 month low of $10.66 and a 12 month high of $15.15.

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Several equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of China Unicom (Hong Kong) from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a report on Wednesday, July 26th. BidaskClub downgraded shares of China Unicom (Hong Kong) from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Jefferies Group LLC upgraded shares of China Unicom (Hong Kong) from an “underperform” rating to a “buy” rating in a report on Thursday, April 27th. Morgan Stanley downgraded shares of China Unicom (Hong Kong) from an “overweight” rating to an “underweight” rating in a report on Wednesday, July 5th. Finally, Sanford C. Bernstein restated a “buy” rating on shares of China Unicom (Hong Kong) in a report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $14.25.

China Unicom (Hong Kong) Company Profile

China Unicom (Hong Kong) Limited is a Hong Kong-based investment holding company principally engaged in the provision of telecommunications services. The Company’s businesses include mobile businesses, fixed-line businesses and others. Its mobile businesses include the provision of call services, roaming services, mobile broadband services, traditional value-added services such as short message services, multimedia message services and wireless Internet access card, as well as new value-added services such as mobile music, mobile television and Wo portal services.

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

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