Connor Clark & Lunn Investment Management Ltd. Has $1.03 Million Stake in China Mobile Ltd. (CHL)

Connor Clark & Lunn Investment Management Ltd. trimmed its stake in China Mobile Ltd. (NYSE:CHL) by 30.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,400 shares of the Wireless communications provider’s stock after selling 9,400 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in China Mobile were worth $1,027,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in shares of China Mobile by 7.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,222,901 shares of the Wireless communications provider’s stock valued at $255,374,000 after purchasing an additional 341,073 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of China Mobile by 8.1% in the third quarter. Renaissance Technologies LLC now owns 4,763,397 shares of the Wireless communications provider’s stock worth $233,073,000 after buying an additional 357,697 shares during the period. Brandes Investment Partners LP raised its holdings in shares of China Mobile by 2.4% in the third quarter. Brandes Investment Partners LP now owns 1,419,114 shares of the Wireless communications provider’s stock worth $69,437,000 after buying an additional 33,795 shares during the period. Edgbaston Investment Partners LLP raised its holdings in shares of China Mobile by 0.6% in the fourth quarter. Edgbaston Investment Partners LLP now owns 1,054,438 shares of the Wireless communications provider’s stock worth $50,613,000 after buying an additional 6,200 shares during the period. Finally, Morgan Stanley raised its holdings in shares of China Mobile by 15.7% in the third quarter. Morgan Stanley now owns 862,800 shares of the Wireless communications provider’s stock worth $42,216,000 after buying an additional 117,352 shares during the period. 2.02% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently weighed in on CHL shares. BNP Paribas downgraded China Mobile from an “outperform” rating to a “neutral” rating in a report on Wednesday, February 13th. Nomura upgraded China Mobile from a “neutral” rating to a “buy” rating in a report on Monday, January 7th. New Street Research downgraded China Mobile from a “neutral” rating to a “reduce” rating in a report on Monday, February 11th. Zacks Investment Research downgraded China Mobile from a “hold” rating to a “sell” rating in a report on Wednesday, November 28th. Finally, Jefferies Financial Group upgraded China Mobile from a “hold” rating to a “buy” rating in a report on Monday, March 11th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. China Mobile currently has an average rating of “Hold” and a consensus target price of $58.00.

Shares of NYSE CHL opened at $54.94 on Friday. The company has a market capitalization of $224.98 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 2.95 and a beta of 0.65. China Mobile Ltd. has a fifty-two week low of $43.25 and a fifty-two week high of $54.95.

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About China Mobile

China Mobile Limited, an investment holding company, provides mobile telecommunications and related services in Mainland China and Hong Kong. The company offers voice services, including local calls; domestic and international long distance calls and roaming services; and value-added services, such as caller identity display, call waiting, conference calls, and others.

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Institutional Ownership by Quarter for China Mobile (NYSE:CHL)

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