Eqis Capital Management Inc. lowered its position in China Telecom Co. Limited (NYSE:CHA) by 23.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,905 shares of the utilities provider’s stock after selling 6,245 shares during the quarter. Eqis Capital Management Inc.’s holdings in China Telecom were worth $996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Northern Trust Corp boosted its stake in China Telecom by 127.9% in the fourth quarter. Northern Trust Corp now owns 51,739 shares of the utilities provider’s stock worth $2,625,000 after buying an additional 29,041 shares in the last quarter. Millennium Management LLC boosted its stake in China Telecom by 15.5% in the fourth quarter. Millennium Management LLC now owns 37,415 shares of the utilities provider’s stock worth $1,898,000 after buying an additional 5,011 shares in the last quarter. Bank of Montreal Can boosted its stake in China Telecom by 8.5% in the first quarter. Bank of Montreal Can now owns 20,390 shares of the utilities provider’s stock worth $1,142,000 after buying an additional 1,599 shares in the last quarter. Leavell Investment Management Inc. boosted its stake in China Telecom by 17.0% in the first quarter. Leavell Investment Management Inc. now owns 15,800 shares of the utilities provider’s stock worth $885,000 after buying an additional 2,300 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in China Telecom in the second quarter worth approximately $465,000. 0.53% of the stock is owned by institutional investors and hedge funds.
NYSE:CHA opened at $45.37 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.26 and a current ratio of 0.28. The firm has a market cap of $35.24 billion, a PE ratio of 11.91, a price-to-earnings-growth ratio of 1.37 and a beta of 0.79. The business has a 50 day moving average price of $46.76 and a 200-day moving average price of $51.22. China Telecom Co. Limited has a fifty-two week low of $42.34 and a fifty-two week high of $57.09.
China Telecom Corporation Limited, together with its subsidiaries, provides wireline and mobile telecommunications services primarily in the People's Republic of China. It offers wireline voice services, including local wireline telephone services and long distance wireline services; CDMA mobile voice services, such as local calls, domestic and international long distance calls, intra-provincial roaming, and inter-provincial roaming and international roaming; wireline Internet access services comprising dial-up and broadband services; wireless Internet access services; and wireline, Internet, and mobile value-added services.
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