Whittier Trust Co. of Nevada Inc. maintained its stake in China Unicom Ltd. (NYSE:CHU) during the second quarter, Holdings Channel reports. The fund owned 12,899 shares of the company’s stock at the end of the second quarter. Whittier Trust Co. of Nevada Inc.’s holdings in China Unicom were worth $134,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. bought a new stake in China Unicom during the second quarter worth approximately $125,000. Bank of Montreal Can bought a new stake in China Unicom during the second quarter worth approximately $817,000. BlackRock Inc. increased its stake in China Unicom by 20.7% in the first quarter. BlackRock Inc. now owns 97,975 shares of the company’s stock worth $1,289,000 after buying an additional 16,813 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in China Unicom by 265.9% in the first quarter. Goldman Sachs Group Inc. now owns 142,892 shares of the company’s stock worth $1,880,000 after buying an additional 103,835 shares in the last quarter. Finally, Aperio Group LLC increased its stake in China Unicom by 35.9% in the first quarter. Aperio Group LLC now owns 184,962 shares of the company’s stock worth $2,434,000 after buying an additional 48,882 shares in the last quarter. 0.96% of the stock is currently owned by hedge funds and other institutional investors.
China Unicom Ltd. (NYSE:CHU) traded down 1.44% during trading on Thursday, hitting $12.33. 347,210 shares of the stock were exchanged. The firm has a market cap of $29.53 billion, a PE ratio of 39.77 and a beta of 0.60. The stock’s 50-day moving average price is $11.91 and its 200-day moving average price is $11.35. China Unicom Ltd. has a 12-month low of $9.89 and a 12-month high of $13.81.
A number of analysts recently commented on the stock. Sanford C. Bernstein raised shares of China Unicom from a “market perform” rating to an “outperform” rating in a report on Thursday, August 18th. Jefferies Group downgraded shares of China Unicom from a “buy” rating to a “hold” rating in a report on Monday, July 18th. Finally, Goldman Sachs Group Inc. raised shares of China Unicom from a “neutral” rating to a “buy” rating and set a $12.50 price objective on the stock in a report on Thursday, September 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. China Unicom currently has an average rating of “Buy” and a consensus price target of $13.47.
China Unicom Company Profile
China Unicom (Hong Kong) Limited is an investment holding company. The Company is an integrated telecommunications operator. The principal activities of the Company’s subsidiaries are the provision of cellular and fixed-line voice and related services, broadband and other Internet-related services, information communications technology services, and business and data communications services in the People’s Republic of China (PRC).
Want to see what other hedge funds are holding CHU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for China Unicom Ltd. (NYSE:CHU).
Receive News & Ratings for China Unicom Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Unicom Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.