LMR Partners LLP purchased a new position in China Unicom (Hong Kong) Ltd (NYSE:CHU) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 57,000 shares of the Wireless communications provider’s stock, valued at approximately $792,000.

A number of other hedge funds have also modified their holdings of CHU. Alliancebernstein L.P. increased its stake in China Unicom (Hong Kong) by 32.0% in the 1st quarter. Alliancebernstein L.P. now owns 66,202 shares of the Wireless communications provider’s stock worth $892,000 after buying an additional 16,066 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in China Unicom (Hong Kong) by 14.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 18,109 shares of the Wireless communications provider’s stock worth $244,000 after buying an additional 2,278 shares in the last quarter. Bank of Montreal Can increased its stake in China Unicom (Hong Kong) by 248.2% in the 2nd quarter. Bank of Montreal Can now owns 105,288 shares of the Wireless communications provider’s stock worth $1,575,000 after buying an additional 75,046 shares in the last quarter. US Bancorp DE increased its stake in China Unicom (Hong Kong) by 1.8% in the 2nd quarter. US Bancorp DE now owns 7,247 shares of the Wireless communications provider’s stock worth $108,000 after buying an additional 128 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in China Unicom (Hong Kong) by 59.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 183,522 shares of the Wireless communications provider’s stock worth $2,745,000 after buying an additional 68,514 shares in the last quarter. Institutional investors and hedge funds own 1.22% of the company’s stock.

A number of equities research analysts have issued reports on CHU shares. Zacks Investment Research lowered China Unicom (Hong Kong) from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Bank of America Corporation began coverage on shares of China Unicom (Hong Kong) in a report on Wednesday, August 30th. They set a “neutral” rating for the company. Nomura downgraded shares of China Unicom (Hong Kong) from a “neutral” rating to a “reduce” rating in a report on Thursday, August 24th. J P Morgan Chase & Co downgraded shares of China Unicom (Hong Kong) from a “neutral” rating to an “underweight” rating in a report on Monday, August 21st. Finally, BidaskClub raised shares of China Unicom (Hong Kong) from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. China Unicom (Hong Kong) has a consensus rating of “Hold” and a consensus price target of $16.00.

China Unicom (NYSE:CHU) opened at $15.01 on Friday. China Unicom has a 1-year low of $11.25 and a 1-year high of $16.55. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.14.

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About China Unicom (Hong Kong)

China Unicom (Hong Kong) Limited is a Hong Kong-based investment holding company principally engaged in the provision of telecommunications services. The Company’s businesses include mobile businesses, fixed-line businesses and others. Its mobile businesses include the provision of call services, roaming services, mobile broadband services, traditional value-added services such as short message services, multimedia message services and wireless Internet access card, as well as new value-added services such as mobile music, mobile television and Wo portal services.

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

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