Wells Fargo & Company MN decreased its position in shares of China Unicom (Hong Kong) Ltd (NYSE:CHU) by 13.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,018 shares of the Wireless communications provider’s stock after selling 4,383 shares during the quarter. Wells Fargo & Company MN’s holdings in China Unicom (Hong Kong) were worth $434,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its stake in China Unicom (Hong Kong) by 4.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 16,837 shares of the Wireless communications provider’s stock valued at $227,000 after buying an additional 738 shares in the last quarter. Capital One National Association purchased a new stake in China Unicom (Hong Kong) in the 2nd quarter valued at approximately $299,000. First Trust Advisors LP lifted its stake in China Unicom (Hong Kong) by 17.4% in the 2nd quarter. First Trust Advisors LP now owns 131,377 shares of the Wireless communications provider’s stock valued at $1,965,000 after buying an additional 19,441 shares in the last quarter. Ronald Blue & Co. LLC lifted its stake in China Unicom (Hong Kong) by 9.5% in the 2nd quarter. Ronald Blue & Co. LLC now owns 11,392 shares of the Wireless communications provider’s stock valued at $170,000 after buying an additional 986 shares in the last quarter. Finally, Aperio Group LLC lifted its stake in China Unicom (Hong Kong) by 0.5% in the 2nd quarter. Aperio Group LLC now owns 557,754 shares of the Wireless communications provider’s stock valued at $8,344,000 after buying an additional 2,805 shares in the last quarter. 1.21% of the stock is currently owned by institutional investors and hedge funds.

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Shares of China Unicom (NYSE:CHU) opened at $15.51 on Tuesday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.14. China Unicom has a twelve month low of $10.85 and a twelve month high of $16.55.

A number of research analysts have weighed in on CHU shares. Zacks Investment Research raised China Unicom (Hong Kong) from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Monday, August 28th. Nomura lowered China Unicom (Hong Kong) from a “neutral” rating to a “reduce” rating in a research note on Thursday, August 24th. Bank of America Corporation started coverage on China Unicom (Hong Kong) in a research note on Wednesday, August 30th. They set a “neutral” rating on the stock. J P Morgan Chase & Co lowered China Unicom (Hong Kong) from a “neutral” rating to an “underweight” rating in a research note on Monday, August 21st. Finally, BidaskClub raised China Unicom (Hong Kong) from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $16.00.

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.

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

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