Athos Capital Ltd Acquires 38,600 Shares of China Mobile (Hong Kong) Ltd. (NYSE:CHL)

Athos Capital Ltd boosted its position in China Mobile (Hong Kong) Ltd. (NYSE:CHL) by 54.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 110,000 shares of the Wireless communications provider’s stock after purchasing an additional 38,600 shares during the period. China Mobile (Hong Kong) comprises 1.2% of Athos Capital Ltd’s investment portfolio, making the stock its 20th biggest position. Athos Capital Ltd’s holdings in China Mobile (Hong Kong) were worth $1,623,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Matthews International Capital Management LLC lifted its stake in shares of China Mobile (Hong Kong) by 0.6% during the 2nd quarter. Matthews International Capital Management LLC now owns 5,800,588 shares of the Wireless communications provider’s stock valued at $307,953,000 after buying an additional 32,113 shares in the last quarter. BlackRock Inc. lifted its stake in shares of China Mobile (Hong Kong) by 9.9% during the 2nd quarter. BlackRock Inc. now owns 3,421,778 shares of the Wireless communications provider’s stock valued at $181,663,000 after buying an additional 306,835 shares in the last quarter. Harding Loevner LP lifted its stake in shares of China Mobile (Hong Kong) by 1.3% during the 2nd quarter. Harding Loevner LP now owns 3,204,475 shares of the Wireless communications provider’s stock valued at $170,126,000 after buying an additional 41,775 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of China Mobile (Hong Kong) by 12.0% during the 2nd quarter. Renaissance Technologies LLC now owns 3,192,500 shares of the Wireless communications provider’s stock valued at $169,490,000 after buying an additional 341,000 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in China Mobile (Hong Kong) by 20.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,063,227 shares of the Wireless communications provider’s stock worth $162,627,000 after purchasing an additional 525,370 shares in the last quarter. 1.98% of the stock is owned by institutional investors and hedge funds.

Several research firms have issued reports on CHL. Zacks Investment Research upgraded shares of China Mobile (Hong Kong) from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a research note on Monday, August 28th. BidaskClub upgraded shares of China Mobile (Hong Kong) from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Finally, Bank of America Corporation assumed coverage on shares of China Mobile (Hong Kong) in a research report on Wednesday, August 30th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $57.00.

Shares of China Mobile (CHL) opened at $50.80 on Wednesday. China Mobile has a 52-week low of $50.00 and a 52-week high of $58.83.

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China Mobile (Hong Kong) 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.

Institutional Ownership by Quarter for China Mobile (Hong Kong) (NYSE:CHL)

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