Fox Run Management L.L.C. bought a new position in shares of China Unicom (Hong Kong) Limited (NYSE:CHU) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 24,916 shares of the Wireless communications provider’s stock, valued at approximately $291,000.

Several other institutional investors also recently bought and sold shares of CHU. Northern Trust Corp grew its position in shares of China Unicom (Hong Kong) by 25.0% in the 1st quarter. Northern Trust Corp now owns 1,112,042 shares of the Wireless communications provider’s stock valued at $14,268,000 after purchasing an additional 222,541 shares during the period. BlackRock Inc. grew its position in shares of China Unicom (Hong Kong) by 335.9% in the 1st quarter. BlackRock Inc. now owns 428,846 shares of the Wireless communications provider’s stock valued at $5,502,000 after purchasing an additional 330,467 shares during the period. Russell Investments Group Ltd. grew its position in shares of China Unicom (Hong Kong) by 14.3% in the 1st quarter. Russell Investments Group Ltd. now owns 277,576 shares of the Wireless communications provider’s stock valued at $3,561,000 after purchasing an additional 34,763 shares during the period. LPL Financial LLC acquired a new position in shares of China Unicom (Hong Kong) in the 1st quarter valued at approximately $780,000. Finally, Banco de Sabadell S.A acquired a new position in shares of China Unicom (Hong Kong) in the 1st quarter valued at approximately $272,000. Institutional investors own 1.05% of the company’s stock.

Shares of CHU opened at $11.21 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.37 and a quick ratio of 0.37. China Unicom has a 52-week low of $11.13 and a 52-week high of $15.53. The company has a market capitalization of $35.77 billion, a P/E ratio of 101.82 and a beta of 0.91.

Several brokerages recently issued reports on CHU. TheStreet upgraded China Unicom (Hong Kong) from a “d+” rating to a “c” rating in a research report on Tuesday, August 21st. Zacks Investment Research lowered China Unicom (Hong Kong) from a “hold” rating to a “sell” rating in a research report on Friday, August 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $14.00.

About China Unicom (Hong Kong)

China Unicom (Hong Kong) Limited, an integrated telecommunications operator, provides telecommunications services and telecommunications products worldwide. It offers mobile voice services that enable its subscribers to make and receive phone calls comprising local calls, domestic and international long-distance calls, intra-provincial roaming, inter-provincial roaming, and international roaming; and mobile data, mobile reading, mobile music, WO app store, SMS, personalized ring-back tone, and other wireless information services.

Further Reading: Investing in Growth Stocks

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

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