Fox Run Management L.L.C. Purchases New Holdings in China Unicom (Hong Kong) Limited (CHU)

Fox Run Management L.L.C. purchased a new stake in China Unicom (Hong Kong) Limited (NYSE:CHU) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 24,916 shares of the Wireless communications provider’s stock, valued at approximately $291,000.

Other institutional investors have also added to or reduced their stakes in the company. Private Advisor Group LLC bought a new stake in China Unicom (Hong Kong) during the 2nd quarter worth about $172,000. PEAK6 Investments L.P. bought a new stake in China Unicom (Hong Kong) during the 2nd quarter worth about $230,000. Whittier Trust Co. of Nevada Inc. raised its holdings in China Unicom (Hong Kong) by 110.3% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 17,708 shares of the Wireless communications provider’s stock worth $272,000 after purchasing an additional 9,288 shares during the last quarter. Banco de Sabadell S.A bought a new stake in China Unicom (Hong Kong) during the 1st quarter worth about $272,000. Finally, Dimension Capital Management LLC bought a new stake in China Unicom (Hong Kong) during the 2nd quarter worth about $405,000. 1.05% of the stock is owned by institutional investors and hedge funds.

CHU has been the subject of several recent research reports. Zacks Investment Research cut China Unicom (Hong Kong) from a “hold” rating to a “sell” rating in a report on Friday, August 17th. TheStreet raised China Unicom (Hong Kong) from a “d+” rating to a “c” rating in a report on Tuesday, August 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. China Unicom (Hong Kong) has a consensus rating of “Hold” and an average target price of $14.00.

Shares of NYSE:CHU opened at $11.21 on Friday. The stock has a market cap of $35.77 billion, a price-to-earnings ratio of 101.82 and a beta of 0.91. China Unicom has a 1-year low of $11.13 and a 1-year high of $15.53. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.37 and a quick ratio of 0.37.

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.

Further Reading: Ex-Dividend

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

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