As China Mobile (CHL) Shares Rose, Lazard Asset Management LLC Has Upped by $124.67 Million Its Stake

October 13, 2018 - By olga

China Mobile Limited (NYSE:CHL) Logo

Lazard Asset Management Llc increased its stake in China Mobile (CHL) by 13.63% based on its latest 2018Q2 regulatory filing with the SEC. Lazard Asset Management Llc bought 2.83M shares as the company’s stock rose 6.55% with the market. The institutional investor held 23.62 million shares of the telecommunications equipment company at the end of 2018Q2, valued at $1.05 billion, up from 20.78 million at the end of the previous reported quarter. Lazard Asset Management Llc who had been investing in China Mobile for a number of months, seems to be bullish on the $201.17 billion market cap company. The stock increased 0.14% or $0.07 during the last trading session, reaching $49.25. About 1.57 million shares traded or 67.90% up from the average. China Mobile Limited (NYSE:CHL) has declined 8.59% since October 13, 2017 and is downtrending. It has underperformed by 24.21% the S&P500.

Lazard Asset Management Llc, which manages about $51.63B US Long portfolio, decreased its stake in Wns Hld Adr (NYSE:WNS) by 98,047 shares to 165,714 shares, valued at $8.65 million in 2018Q2, according to the filing. It also reduced its holding in Ishr Core Ms Em (IEMG) by 211,019 shares in the quarter, leaving it with 274,640 shares, and cut its stake in Taiwan Semi (NYSE:TSM).

Another recent and important China Mobile Limited (NYSE:CHL) news was published by Fool.com which published an article titled: “3 High-Yield Stocks to Hold Forever” on September 16, 2018.

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