Marshall Wace North America L.P. Buys Shares of 185,428 China Unicom (Hong Kong) Limited (NYSE:CHU)

Marshall Wace North America L.P. bought a new position in shares of China Unicom (Hong Kong) Limited (NYSE:CHU) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 185,428 shares of the Wireless communications provider’s stock, valued at approximately $2,374,000.

Several other hedge funds have also recently added to or reduced their stakes in CHU. Comerica Bank grew its stake in shares of China Unicom (Hong Kong) by 0.5% during the fourth quarter. Comerica Bank now owns 178,976 shares of the Wireless communications provider’s stock worth $2,046,000 after purchasing an additional 897 shares during the period. Lindbrook Capital LLC grew its stake in China Unicom (Hong Kong) by 145.3% in the first quarter. Lindbrook Capital LLC now owns 2,075 shares of the Wireless communications provider’s stock valued at $26,000 after acquiring an additional 1,229 shares during the period. Raymond James & Associates grew its stake in China Unicom (Hong Kong) by 7.3% in the fourth quarter. Raymond James & Associates now owns 20,768 shares of the Wireless communications provider’s stock valued at $221,000 after acquiring an additional 1,414 shares during the period. BNP Paribas Arbitrage SA grew its stake in China Unicom (Hong Kong) by 1.6% in the first quarter. BNP Paribas Arbitrage SA now owns 121,329 shares of the Wireless communications provider’s stock valued at $1,553,000 after acquiring an additional 1,937 shares during the period. Finally, Whittier Trust Co. acquired a new position in China Unicom (Hong Kong) in the fourth quarter valued at about $33,000. Institutional investors own 1.06% of the company’s stock.

CHU has been the subject of a number of research analyst reports. New Street Research raised from a “neutral” rating to a “buy” rating in a research note on Friday, May 3rd. UBS Group upgraded China Unicom (Hong Kong) from a “neutral” rating to a “buy” rating in a research note on Monday, June 10th. TheStreet upgraded Tupperware Brands from a “d+” rating to a “c” rating in a research note on Friday, March 15th. Finally, Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a research report on Tuesday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $12.00.

Shares of CHU traded down $0.12 during trading hours on Friday, hitting $10.54. The stock had a trading volume of 227,981 shares, compared to its average volume of 276,503. The company has a quick ratio of 0.34, a current ratio of 0.35 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $10.76. The firm has a market cap of $32.25 billion, a price-to-earnings ratio of 21.08 and a beta of 0.96. China Unicom has a 1-year low of $10.33 and a 1-year high of $13.66.

China Unicom (Hong Kong) Company Profile

China Unicom (Hong Kong) Limited, an investment holding company, provides cellular and fixed-line voice, and related value-added services in the People's Republic of China. It also provides broadband and other Internet-related services, information communications technology services, and business and data communications services.

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

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