Cubist Systematic Strategies LLC boosted its stake in shares of China Unicom (Hong Kong) Ltd (NYSE:CHU) by 70.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,478 shares of the Wireless communications provider’s stock after buying an additional 7,239 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in China Unicom (Hong Kong) were worth $261,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. FMR LLC grew its position in China Unicom (Hong Kong) by 20.1% during the second quarter. FMR LLC now owns 4,127,672 shares of the Wireless communications provider’s stock valued at $61,750,000 after buying an additional 691,500 shares during the period. Morgan Stanley grew its position in China Unicom (Hong Kong) by 1.9% during the first quarter. Morgan Stanley now owns 2,355,427 shares of the Wireless communications provider’s stock valued at $31,727,000 after buying an additional 43,678 shares during the period. Renaissance Technologies LLC grew its position in China Unicom (Hong Kong) by 3.5% during the first quarter. Renaissance Technologies LLC now owns 1,544,300 shares of the Wireless communications provider’s stock valued at $20,802,000 after buying an additional 52,700 shares during the period. Royal Bank of Canada grew its position in China Unicom (Hong Kong) by 8.4% during the second quarter. Royal Bank of Canada now owns 1,255,775 shares of the Wireless communications provider’s stock valued at $18,786,000 after buying an additional 96,993 shares during the period. Finally, Aperio Group LLC grew its position in China Unicom (Hong Kong) by 0.5% during the second quarter. Aperio Group LLC now owns 557,754 shares of the Wireless communications provider’s stock valued at $8,344,000 after buying an additional 2,805 shares during the period. Institutional investors own 1.18% of the company’s stock.

China Unicom (CHU) opened at 14.13 on Wednesday. China Unicom has a 12 month low of $10.84 and a 12 month high of $16.55. The firm’s 50-day moving average is $14.25 and its 200-day moving average is $14.29. The company has a market cap of $33.84 billion, a price-to-earnings ratio of 141.30 and a beta of 0.71.

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A number of brokerages have weighed in on CHU. BidaskClub upgraded shares of China Unicom (Hong Kong) from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Nomura lowered shares of China Unicom (Hong Kong) from a “neutral” rating to a “reduce” rating in a research report on Thursday, August 24th. CLSA lowered shares of China Unicom (Hong Kong) from an “outperform” rating to an “underperform” rating in a research report on Wednesday, August 16th. J P Morgan Chase & Co lowered shares of China Unicom (Hong Kong) from a “neutral” rating to an “underweight” rating in a research report on Monday, August 21st. Finally, Zacks Investment Research upgraded shares of China Unicom (Hong Kong) from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Friday, August 18th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $16.00.

China Unicom (Hong Kong) 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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