Crestline Management LP bought a new position in China Mobile Ltd. (NYSE:CHL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 73,400 shares of the Wireless communications provider’s stock, valued at approximately $3,710,000. China Mobile makes up approximately 0.4% of Crestline Management LP’s investment portfolio, making the stock its 22nd largest position.
Other institutional investors and hedge funds have also bought and sold shares of the company. SeaCrest Wealth Management LLC purchased a new position in shares of China Mobile in the fourth quarter worth about $122,000. San Francisco Sentry Investment Group CA increased its stake in shares of China Mobile by 162.1% in the fourth quarter. San Francisco Sentry Investment Group CA now owns 2,524 shares of the Wireless communications provider’s stock worth $128,000 after purchasing an additional 1,561 shares in the last quarter. Icon Wealth Partners LLC bought a new position in shares of China Mobile in the fourth quarter valued at approximately $135,000. Westside Investment Management Inc. boosted its position in shares of China Mobile by 507.6% in the third quarter. Westside Investment Management Inc. now owns 3,099 shares of the Wireless communications provider’s stock valued at $156,000 after acquiring an additional 2,589 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of China Mobile by 61.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,237 shares of the Wireless communications provider’s stock valued at $164,000 after acquiring an additional 1,237 shares during the period. Hedge funds and other institutional investors own 1.92% of the company’s stock.
China Mobile Ltd. (CHL) traded up $0.34 during mid-day trading on Wednesday, hitting $45.83. 98,308 shares of the stock were exchanged, compared to its average volume of 902,227. China Mobile Ltd. has a one year low of $45.09 and a one year high of $58.83. The company has a market capitalization of $188,650.00, a price-to-earnings ratio of 10.71, a P/E/G ratio of 2.10 and a beta of 0.52.
China Mobile Profile
China Mobile Limited is an investment holding company principally engaged in telecommunication and related businesses. Its main businesses include Mobile businesses, Wireline Broadband businesses and Internet of Things (IoT) businesses. Mobile businesses include two categories of services. Voice services include local calls, domestic and international long distance calls, roaming services and voice value-added services.
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