LSV Asset Management Purchases New Position in China Telecom Co. Limited (CHA)

LSV Asset Management purchased a new position in shares of China Telecom Co. Limited (NYSE:CHA) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 44,890 shares of the utilities provider’s stock, valued at approximately $2,130,000.

Several other institutional investors have also modified their holdings of the company. State Street Corp boosted its stake in shares of China Telecom by 2.2% during the 2nd quarter. State Street Corp now owns 17,134 shares of the utilities provider’s stock worth $822,000 after acquiring an additional 365 shares during the last quarter. Northern Trust Corp boosted its stake in shares of China Telecom by 8.7% during the 2nd quarter. Northern Trust Corp now owns 12,025 shares of the utilities provider’s stock worth $577,000 after acquiring an additional 958 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of China Telecom by 4.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 30,175 shares of the utilities provider’s stock worth $1,446,000 after acquiring an additional 1,295 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of China Telecom by 17.5% during the 2nd quarter. Wells Fargo & Company MN now owns 9,445 shares of the utilities provider’s stock valued at $453,000 after buying an additional 1,405 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in shares of China Telecom by 36.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 17,619 shares of the utilities provider’s stock valued at $901,000 after buying an additional 4,706 shares in the last quarter. Institutional investors and hedge funds own 0.44% of the company’s stock.

China Telecom Co. Limited (NYSE:CHA) opened at $43.69 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.24 and a current ratio of 0.25. China Telecom Co. Limited has a one year low of $43.68 and a one year high of $53.78.

Separately, Zacks Investment Research cut shares of China Telecom from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st.

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About China Telecom

China Telecom Corporation Limited is an investment holding company principally engaged in telecommunications and related businesses. The Company provides integrated information services, including wireline and mobile telecommunications services, Internet access services, information services and other value-added telecommunications services.

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Institutional Ownership by Quarter for China Telecom (NYSE:CHA)

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