Pekin Singer Strauss Asset Management IL raised its stake in China Mobile (Hong Kong) Ltd. (NYSE:CHL) by 11.3% during the second quarter, Holdings Channel reports. The institutional investor owned 211,214 shares of the Wireless communications provider’s stock after buying an additional 21,472 shares during the period. China Mobile (Hong Kong) makes up 1.8% of Pekin Singer Strauss Asset Management IL’s portfolio, making the stock its 10th largest position. Pekin Singer Strauss Asset Management IL’s holdings in China Mobile (Hong Kong) were worth $11,213,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. JFS Wealth Advisors LLC boosted its position in shares of China Mobile (Hong Kong) by 19.0% in the second quarter. JFS Wealth Advisors LLC now owns 2,138 shares of the Wireless communications provider’s stock valued at $114,000 after buying an additional 342 shares in the last quarter. Israel Discount Bank of New York acquired a new position in shares of China Mobile (Hong Kong) during the first quarter valued at $119,000. SRS Capital Advisors Inc. boosted its position in shares of China Mobile (Hong Kong) by 67.1% in the first quarter. SRS Capital Advisors Inc. now owns 2,635 shares of the Wireless communications provider’s stock valued at $145,000 after buying an additional 1,058 shares in the last quarter. Signaturefd LLC acquired a new position in shares of China Mobile (Hong Kong) during the first quarter valued at $203,000. Finally, Sawtooth Solutions LLC acquired a new position in shares of China Mobile (Hong Kong) during the first quarter valued at $211,000. Institutional investors and hedge funds own 1.97% of the company’s stock.

China Mobile (NYSE CHL) opened at 56.55 on Friday. China Mobile has a 1-year low of $51.30 and a 1-year high of $63.89. The stock has a market cap of $231.58 billion, a PE ratio of 14.19 and a beta of 0.30. The company’s 50 day moving average is $53.23 and its 200-day moving average is $54.72.

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Several research analysts have recently weighed in on CHL shares. Zacks Investment Research upgraded shares of China Mobile (Hong Kong) from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Tuesday, June 27th. BidaskClub upgraded shares of China Mobile (Hong Kong) from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Morgan Stanley cut shares of China Mobile (Hong Kong) from an “overweight” rating to an “underweight” rating in a research note on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. China Mobile (Hong Kong) currently has a consensus rating of “Hold” and an average target price of $60.00.

China Mobile (Hong Kong) Company 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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