Pacer Advisors Inc. Holds Stake in China Mobile (Hong Kong) Ltd. (CHL)

Pacer Advisors Inc. Holds Stake in China Mobile (Hong Kong) Ltd. (CHL)

Pacer Advisors Inc. held its position in China Mobile (Hong Kong) Ltd. (NYSE:CHL) during the third quarter, Holdings Channel reports. The firm owned 4,487 shares of the company’s stock at the end of the third quarter. Pacer Advisors Inc.’s holdings in China Mobile (Hong Kong) were worth $276,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CHL. Kanaly Trust Co boosted its position in China Mobile (Hong Kong) by 11.1% in the third quarter. Kanaly Trust Co now owns 1,859 shares of the company’s stock valued at $114,000 after buying an additional 186 shares in the last quarter. CKW Financial Group purchased a new position in China Mobile (Hong Kong) during the third quarter valued at $128,000. Tower Research Capital LLC TRC boosted its position in China Mobile (Hong Kong) by 14.0% in the second quarter. Tower Research Capital LLC TRC now owns 2,113 shares of the company’s stock valued at $122,000 after buying an additional 260 shares in the last quarter. Signaturefd LLC boosted its position in China Mobile (Hong Kong) by 1,873.5% in the second quarter. Signaturefd LLC now owns 2,230 shares of the company’s stock valued at $129,000 after buying an additional 2,117 shares in the last quarter. Finally, Integrated Investment Consultants LLC boosted its position in China Mobile (Hong Kong) by 40.7% in the third quarter. Integrated Investment Consultants LLC now owns 2,380 shares of the company’s stock valued at $145,000 after buying an additional 689 shares in the last quarter. Institutional investors and hedge funds own 1.85% of the company’s stock.

Shares of China Mobile (NYSE:CHL) traded down 0.09% during midday trading on Friday, hitting $56.76. The company had a trading volume of 536,374 shares. The company has a 50-day moving average of $54.02 and a 200-day moving average of $58.38. China Mobile has a 12 month low of $51.48 and a 12 month high of $63.89. The company has a market capitalization of $232.44 billion, a PE ratio of 14.32 and a beta of 0.48.

A number of brokerages have recently commented on CHL. Zacks Investment Research upgraded China Mobile (Hong Kong) from a “sell” rating to a “hold” rating in a report on Monday, December 5th. Deutsche Bank AG upgraded China Mobile (Hong Kong) from a “hold” rating to a “buy” rating in a report on Monday, November 14th. HSBC Holdings plc upgraded China Mobile (Hong Kong) from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Sanford C. Bernstein cut China Mobile (Hong Kong) from an “outperform” rating to a “market perform” rating in a report on Thursday, October 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $68.00.

About China Mobile (Hong Kong)

China Mobile Limited is an investment holding company principally engaged in telecommunication and related businesses. Its main businesses include Mobile businesses and Wireline Broadband 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.

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