Gabelli Funds LLC lessened its position in shares of China Unicom (Hong Kong) Limited (NYSE:CHU) by 18.7% in the fourth quarter, Holdings Channel reports. The fund owned 76,400 shares of the Wireless communications provider’s stock after selling 17,600 shares during the quarter. Gabelli Funds LLC’s holdings in China Unicom (Hong Kong) were worth $1,034,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CHU. Ameriprise Financial Inc. purchased a new stake in China Unicom (Hong Kong) during the second quarter valued at $181,000. Citigroup Inc. increased its position in China Unicom (Hong Kong) by 739.6% during the second quarter. Citigroup Inc. now owns 9,362 shares of the Wireless communications provider’s stock valued at $141,000 after acquiring an additional 8,247 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in China Unicom (Hong Kong) by 2.5% during the second quarter. Parametric Portfolio Associates LLC now owns 195,942 shares of the Wireless communications provider’s stock valued at $2,931,000 after acquiring an additional 4,773 shares during the last quarter. Cubist Systematic Strategies LLC increased its position in China Unicom (Hong Kong) by 70.7% during the second quarter. Cubist Systematic Strategies LLC now owns 17,478 shares of the Wireless communications provider’s stock valued at $261,000 after acquiring an additional 7,239 shares during the last quarter. Finally, First Trust Advisors LP increased its position in China Unicom (Hong Kong) by 16.0% during the third quarter. First Trust Advisors LP now owns 152,343 shares of the Wireless communications provider’s stock valued at $2,137,000 after acquiring an additional 20,966 shares during the last quarter. Institutional investors own 0.92% of the company’s stock.

Shares of China Unicom (CHU) opened at $13.01 on Thursday. China Unicom has a fifty-two week low of $11.93 and a fifty-two week high of $16.55. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.14.

Several research firms have issued reports on CHU. Nomura raised China Unicom (Hong Kong) from a “reduce” rating to a “neutral” rating in a report on Thursday, October 26th. Zacks Investment Research lowered China Unicom (Hong Kong) from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. Finally, CLSA raised China Unicom (Hong Kong) from an “underperform” rating to a “buy” rating in a report on Thursday, January 11th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.00.

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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.

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

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