Cavalry Management Group LLC Has $1,979,000 Position in China Mobile (Hong Kong) Ltd. (CHL)

Cavalry Management Group LLC lowered its stake in shares of China Mobile (Hong Kong) Ltd. (NYSE:CHL) by 50.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 37,749 shares of the company’s stock after selling 37,700 shares during the period. China Mobile (Hong Kong) accounts for approximately 1.3% of Cavalry Management Group LLC’s portfolio, making the stock its 18th largest position. Cavalry Management Group LLC’s holdings in China Mobile (Hong Kong) were worth $1,979,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Axiom International Investors LLC DE increased its stake in shares of China Mobile (Hong Kong) by 9.9% in the fourth quarter. Axiom International Investors LLC DE now owns 11,100 shares of the company’s stock valued at $582,000 after buying an additional 1,000 shares in the last quarter. Thornburg Investment Management Inc. increased its stake in shares of China Mobile (Hong Kong) by 225.3% in the fourth quarter. Thornburg Investment Management Inc. now owns 366,274 shares of the company’s stock valued at $19,204,000 after buying an additional 253,674 shares in the last quarter. Renaissance Group LLC increased its stake in shares of China Mobile (Hong Kong) by 3.0% in the fourth quarter. Renaissance Group LLC now owns 238,714 shares of the company’s stock valued at $12,516,000 after buying an additional 6,973 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of China Mobile (Hong Kong) by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,819,794 shares of the company’s stock valued at $200,317,000 after buying an additional 78,699 shares in the last quarter. Finally, Private Advisor Group LLC increased its stake in shares of China Mobile (Hong Kong) by 9.1% in the fourth quarter. Private Advisor Group LLC now owns 5,157 shares of the company’s stock valued at $281,000 after buying an additional 432 shares in the last quarter. 1.88% of the stock is owned by institutional investors and hedge funds.

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

Shares of China Mobile (NYSE:CHL) traded down 1.03% during midday trading on Tuesday, reaching $56.80. The company had a trading volume of 531,861 shares. The firm has a market cap of $232.60 billion, a P/E ratio of 14.36 and a beta of 0.47. The company’s 50-day moving average is $55.45 and its 200-day moving average is $57.98. China Mobile has a 52-week low of $51.73 and a 52-week high of $63.89.

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Several equities research analysts have recently commented on the company. Deutsche Bank AG raised China Mobile (Hong Kong) from a “hold” rating to a “buy” rating in a report on Tuesday, January 31st. HSBC Holdings plc raised China Mobile (Hong Kong) from a “hold” rating to a “buy” rating in a report on Thursday, January 26th. Zacks Investment Research downgraded China Mobile (Hong Kong) from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 18th. Finally, Sanford C. Bernstein downgraded China Mobile (Hong Kong) from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 27th. One research 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 company presently has a consensus rating of “Hold” and an average target price of $68.00.

China Mobile (Hong Kong) Company Profile

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.

5 Day Chart for NYSE:CHL

Want to see what other hedge funds are holding CHL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for China Mobile (Hong Kong) Ltd. (NYSE:CHL).

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