Comerica Bank Grows Position in China Unicom (Hong Kong) Limited (CHU)

Comerica Bank boosted its position in shares of China Unicom (Hong Kong) Limited (NYSE:CHU) by 6.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 178,079 shares of the Wireless communications provider’s stock after purchasing an additional 10,601 shares during the period. Comerica Bank’s holdings in China Unicom (Hong Kong) were worth $2,002,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CHU. FMR LLC boosted its position in China Unicom (Hong Kong) by 19.0% during the second quarter. FMR LLC now owns 5,811,872 shares of the Wireless communications provider’s stock valued at $72,707,000 after purchasing an additional 928,193 shares during the last quarter. Millennium Management LLC lifted its position in shares of China Unicom (Hong Kong) by 423.1% in the second quarter. Millennium Management LLC now owns 414,168 shares of the Wireless communications provider’s stock worth $5,181,000 after buying an additional 334,990 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of China Unicom (Hong Kong) by 14.0% in the second quarter. Renaissance Technologies LLC now owns 1,366,204 shares of the Wireless communications provider’s stock worth $17,091,000 after buying an additional 167,704 shares during the last quarter. Northern Trust Corp lifted its position in shares of China Unicom (Hong Kong) by 11.5% in the second quarter. Northern Trust Corp now owns 1,240,406 shares of the Wireless communications provider’s stock worth $15,518,000 after buying an additional 128,364 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of China Unicom (Hong Kong) by 8.7% in the second quarter. Bank of America Corp DE now owns 1,565,827 shares of the Wireless communications provider’s stock worth $19,589,000 after buying an additional 125,929 shares during the last quarter. 1.05% of the stock is owned by hedge funds and other institutional investors.

NYSE CHU opened at $11.55 on Friday. China Unicom has a twelve month low of $10.33 and a twelve month high of $15.19. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.37 and a current ratio of 0.37.

A number of analysts have weighed in on CHU shares. Zacks Investment Research cut China Unicom (Hong Kong) from a “hold” rating to a “sell” rating in a research report on Tuesday, November 6th. Credit Suisse Group cut China Unicom (Hong Kong) from an “outperform” rating to a “neutral” rating in a research report on Friday, October 26th. Mizuho raised China Unicom (Hong Kong) from an “underperform” rating to a “neutral” rating in a research report on Monday, November 19th. TheStreet cut China Unicom (Hong Kong) from a “c” rating to a “d+” rating in a research report on Tuesday, October 23rd. Finally, UBS Group cut China Unicom (Hong Kong) from a “buy” rating to a “neutral” rating in a research report on Thursday, October 18th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $14.00.

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China Unicom (Hong Kong) Company Profile

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.

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

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