China Mobile (Hong Kong) Ltd. (CHL) Shares Sold by Cambiar Investors LLC

Cambiar Investors LLC reduced its position in China Mobile (Hong Kong) Ltd. (NYSE:CHL) by 26.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,931,154 shares of the Wireless communications provider’s stock after selling 1,027,980 shares during the period. China Mobile (Hong Kong) makes up approximately 2.3% of Cambiar Investors LLC’s holdings, making the stock its 13th largest holding. Cambiar Investors LLC owned approximately 0.07% of China Mobile (Hong Kong) worth $148,228,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BB&T Corp lifted its position in China Mobile (Hong Kong) by 2.4% during the 3rd quarter. BB&T Corp now owns 88,959 shares of the Wireless communications provider’s stock worth $4,498,000 after acquiring an additional 2,124 shares in the last quarter. Vanguard Group Inc. lifted its position in China Mobile (Hong Kong) by 26.4% during the 1st quarter. Vanguard Group Inc. now owns 139,011 shares of the Wireless communications provider’s stock worth $7,677,000 after acquiring an additional 29,022 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in China Mobile (Hong Kong) by 20.7% during 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 acquiring an additional 525,370 shares in the last quarter. BT Investment Management Ltd purchased a new stake in China Mobile (Hong Kong) during the 2nd quarter worth approximately $42,224,000. Finally, Bank of Montreal Can increased its holdings in China Mobile (Hong Kong) by 25.3% during the 2nd quarter. Bank of Montreal Can now owns 230,423 shares of the Wireless communications provider’s stock worth $12,233,000 after purchasing an additional 46,551 shares during the last quarter. 1.98% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have issued reports on CHL shares. Zacks Investment Research downgraded China Mobile (Hong Kong) from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Bank of America Corporation started coverage on China Mobile (Hong Kong) in a report on Wednesday, August 30th. They set a “buy” rating on the stock. Finally, BidaskClub upgraded China Mobile (Hong Kong) from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $57.00.

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Shares of China Mobile (CHL) traded up $0.61 during midday trading on Monday, hitting $51.59. The stock had a trading volume of 547,200 shares, compared to its average volume of 638,350. China Mobile has a 1-year low of $50.00 and a 1-year high of $58.83.

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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