Thornburg Investment Management Inc. lifted its stake in China Mobile (Hong Kong) Ltd. (NYSE:CHL) by 147.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 527,026 shares of the Wireless communications provider’s stock after purchasing an additional 313,623 shares during the quarter. Thornburg Investment Management Inc.’s holdings in China Mobile (Hong Kong) were worth $26,652,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. BB&T Corp boosted its position in shares of China Mobile (Hong Kong) by 2.4% in the 3rd quarter. BB&T Corp now owns 88,959 shares of the Wireless communications provider’s stock valued at $4,498,000 after purchasing an additional 2,124 shares during the period. Vanguard Group Inc. boosted its position in shares of China Mobile (Hong Kong) by 26.4% in the 1st quarter. Vanguard Group Inc. now owns 139,011 shares of the Wireless communications provider’s stock valued at $7,677,000 after purchasing an additional 29,022 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of China Mobile (Hong Kong) by 20.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,063,227 shares of the Wireless communications provider’s stock valued at $162,627,000 after purchasing an additional 525,370 shares during the period. BT Investment Management Ltd acquired a new position in shares of China Mobile (Hong Kong) in the 2nd quarter valued at $42,224,000. Finally, Pekin Singer Strauss Asset Management IL boosted its position in shares of China Mobile (Hong Kong) by 8.5% in the 3rd quarter. Pekin Singer Strauss Asset Management IL now owns 229,136 shares of the Wireless communications provider’s stock valued at $11,587,000 after purchasing an additional 17,922 shares during the period. Institutional investors and hedge funds own 2.01% of the company’s stock.

CHL has been the subject of a number of recent analyst reports. BidaskClub upgraded China Mobile (Hong Kong) from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Zacks Investment Research lowered China Mobile (Hong Kong) from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. Finally, Bank of America started coverage on China Mobile (Hong Kong) in a research report on Wednesday, August 30th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. China Mobile (Hong Kong) has an average rating of “Hold” and a consensus price target of $57.00.

Shares of China Mobile (CHL) opened at $51.02 on Thursday. China Mobile has a 1 year low of $50.00 and a 1 year high of $58.83.

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

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