Credit Suisse AG grew its holdings in China Unicom (Hong Kong) Limited (NYSE:CHU) by 10.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 372,224 shares of the Wireless communications provider’s stock after purchasing an additional 34,805 shares during the quarter. Credit Suisse AG’s holdings in China Unicom (Hong Kong) were worth $4,352,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CHU. Trexquant Investment LP purchased a new position in shares of China Unicom (Hong Kong) during the third quarter valued at approximately $171,000. Private Advisor Group LLC purchased a new position in shares of China Unicom (Hong Kong) during the second quarter valued at approximately $172,000. PEAK6 Investments L.P. purchased a new position in shares of China Unicom (Hong Kong) during the second quarter valued at approximately $230,000. Fox Run Management L.L.C. purchased a new position in shares of China Unicom (Hong Kong) during the third quarter valued at approximately $291,000. Finally, Standard Life Aberdeen plc purchased a new position in shares of China Unicom (Hong Kong) during the second quarter valued at approximately $1,189,000. Institutional investors and hedge funds own 1.09% of the company’s stock.

NYSE:CHU opened at $11.05 on Tuesday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.05. The company has a market cap of $33.96 billion, a price-to-earnings ratio of 100.45 and a beta of 1.00. China Unicom has a fifty-two week low of $10.33 and a fifty-two week high of $15.19.

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

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China Unicom (Hong Kong) 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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