Emerald Acquisition Ltd. Purchases Shares of 164,692 China Unicom Ltd. (CHU)
Emerald Acquisition Ltd. purchased a new position in shares of China Unicom Ltd. (NYSE:CHU) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 164,692 shares of the company’s stock, valued at approximately $1,714,000.
A number of other large investors have also added to or reduced their stakes in CHU. Renaissance Technologies LLC boosted its stake in China Unicom by 77.2% in the first quarter. Renaissance Technologies LLC now owns 1,476,800 shares of the company’s stock worth $19,435,000 after buying an additional 643,200 shares in the last quarter. Aperio Group LLC boosted its stake in China Unicom by 35.9% in the first quarter. Aperio Group LLC now owns 184,962 shares of the company’s stock worth $2,434,000 after buying an additional 48,882 shares in the last quarter. World Asset Management Inc boosted its stake in China Unicom by 8.3% in the second quarter. World Asset Management Inc now owns 148,220 shares of the company’s stock worth $1,543,000 after buying an additional 11,374 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in China Unicom by 265.9% in the first quarter. Goldman Sachs Group Inc. now owns 142,892 shares of the company’s stock worth $1,880,000 after buying an additional 103,835 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in China Unicom by 20.7% in the first quarter. BlackRock Inc. now owns 97,975 shares of the company’s stock worth $1,289,000 after buying an additional 16,813 shares in the last quarter. 0.96% of the stock is owned by hedge funds and other institutional investors.
China Unicom Ltd. (NYSE:CHU) traded down 0.08% on Monday, hitting $12.17. The stock had a trading volume of 166,845 shares. The company has a 50 day moving average of $11.68 and a 200 day moving average of $11.37. The company has a market capitalization of $29.14 billion, a PE ratio of 39.26 and a beta of 0.59. China Unicom Ltd. has a 12-month low of $9.89 and a 12-month high of $15.00.
A number of equities research analysts recently weighed in on CHU shares. Sanford C. Bernstein raised China Unicom from a “market perform” rating to an “outperform” rating in a report on Thursday, August 18th. Goldman Sachs Group Inc. raised China Unicom from a “neutral” rating to a “buy” rating and set a $12.50 target price for the company in a research note on Thursday, September 22nd. Finally, Jefferies Group cut China Unicom from a “buy” rating to a “hold” rating in a research note on Monday, July 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $13.47.
About China Unicom
China Unicom (Hong Kong) Limited is an investment holding company. The Company is an integrated telecommunications operator. The principal activities of the Company’s subsidiaries are the provision of cellular and fixed-line voice and related services, broadband and other Internet-related services, information communications technology services, and business and data communications services in the People’s Republic of China (PRC).
Want to see what other hedge funds are holding CHU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for China Unicom Ltd. (NYSE:CHU).
Receive News & Ratings for China Unicom Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Unicom Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.