LPL Financial LLC Purchases 7,901 Shares of China Unicom (Hong Kong) Limited (CHU)

LPL Financial LLC boosted its position in China Unicom (Hong Kong) Limited (NYSE:CHU) by 10.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 82,365 shares of the Wireless communications provider’s stock after acquiring an additional 7,901 shares during the period. LPL Financial LLC’s holdings in China Unicom (Hong Kong) were worth $963,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CHU. Brown Advisory Inc. bought a new position in China Unicom (Hong Kong) in the third quarter valued at about $138,000. Trexquant Investment LP bought a new position in China Unicom (Hong Kong) in the third quarter valued at about $171,000. Private Advisor Group LLC acquired a new position in China Unicom (Hong Kong) in the second quarter valued at about $172,000. PEAK6 Investments L.P. acquired a new position in China Unicom (Hong Kong) in the second quarter valued at about $230,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in China Unicom (Hong Kong) in the third quarter valued at about $230,000. Institutional investors and hedge funds own 1.09% of the company’s stock.

NYSE:CHU opened at $10.78 on Wednesday. China Unicom has a 1-year low of $10.33 and a 1-year high of $15.19. 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 stock has a market capitalization of $33.14 billion, a price-to-earnings ratio of 98.00 and a beta of 1.01.

Several equities analysts have weighed in on CHU shares. Zacks Investment Research lowered China Unicom (Hong Kong) from a “hold” rating to a “sell” rating in a research note on Tuesday, November 6th. Credit Suisse Group lowered China Unicom (Hong Kong) from an “outperform” rating to a “neutral” rating in a research note on Friday, October 26th. Mizuho raised China Unicom (Hong Kong) from an “underperform” rating to a “neutral” rating in a research note on Monday, November 19th. TheStreet lowered China Unicom (Hong Kong) from a “c” rating to a “d+” rating in a research note on Tuesday, October 23rd. Finally, ValuEngine raised China Unicom (Hong Kong) from a “hold” rating to a “buy” rating in a research note on Thursday, December 20th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $14.00.

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About China Unicom (Hong Kong)

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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