China Unicom (Hong Kong) LTD (CHU) Shareholder Nine Masts Capital LTD Has Cut Its Holding; As Liberty Tax (TAX) Stock Price Declined, Tieton Capital Management Has Trimmed Stake by $309,680

January 14, 2018 - By Richard Conner

Chao Ku decreased its stake in China Unicom (Hong Kong) Ltd (CHU) by 58.57% based on its latest 2017Q3 regulatory filing with the SEC. Nine Masts Capital Ltd sold 237,800 shares as the company’s stock rose 10.19% with the market. The hedge fund run by Chao Ku held 168,200 shares of the telecommunications equipment company at the end of 2017Q3, valued at $2.34 million, down from 406,000 at the end of the previous reported quarter. Nine Masts Capital Ltd who had been investing in China Unicom (Hong Kong) Ltd for a number of months, seems to be less bullish one the $42.14 billion market cap company. The stock decreased 1.56% or $0.22 during the last trading session, reaching $13.84. About 350,794 shares traded or 30.86% up from the average. China Unicom (NYSE:CHU) has risen 26.03% since January 14, 2017 and is uptrending. It has outperformed by 9.33% the S&P500.

Tieton Capital Management Llc decreased its stake in Liberty Tax Inc (TAX) by 6.34% based on its latest 2017Q3 regulatory filing with the SEC. Tieton Capital Management Llc sold 22,120 shares as the company’s stock declined 3.33% while stock markets rallied. The institutional investor held 327,010 shares of the miscellaneous company at the end of 2017Q3, valued at $4.71M, down from 349,130 at the end of the previous reported quarter. Tieton Capital Management Llc who had been investing in Liberty Tax Inc for a number of months, seems to be less bullish one the $162.43M market cap company. The stock increased 3.08% or $0.35 during the last trading session, reaching $11.7. About 106,145 shares traded or 72.68% up from the average. Liberty Tax, Inc. (NASDAQ:TAX) has risen 42.58% since January 14, 2017 and is uptrending. It has outperformed by 25.88% the S&P500.

Among 11 analysts covering China Unicom (NYSE:CHU), 7 have Buy rating, 2 Sell and 2 Hold. Therefore 64% are positive. China Unicom had 19 analyst reports since July 31, 2015 according to SRatingsIntel. The stock of China Unicom (NYSE:Hong Kong Limited) has “Outperform” rating given on Thursday, August 18 by Bernstein. The firm has “Overweight” rating given on Wednesday, April 6 by Morgan Stanley. The stock of China Unicom (NYSE:Hong Kong Limited) has “Buy” rating given on Wednesday, March 30 by Deutsche Bank. The stock has “Buy” rating by HSBC on Thursday, February 4. The firm has “Outperform” rating by Macquarie Research given on Friday, March 24. Nomura downgraded the stock to “Neutral” rating in Wednesday, November 30 report. Goldman Sachs upgraded the shares of CHU in report on Thursday, September 22 to “Buy” rating. JP Morgan downgraded the stock to “Underweight” rating in Monday, August 21 report. The company was upgraded on Monday, August 24 by Jefferies. The company was upgraded on Wednesday, March 9 by CLSA.

Nine Masts Capital Ltd, which manages about $674.93 million US Long portfolio, upped its stake in Tata Mtrs Ltd (NYSE:TTM) by 15,502 shares to 826,500 shares, valued at $25.53M in 2017Q3, according to the filing. It also increased its holding in Amgen Inc (NASDAQ:AMGN) by 2,852 shares in the quarter, for a total of 3,252 shares, and has risen its stake in Tyson Foods Inc (NYSE:TSN).

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