Chunghwa Telecom Co., Ltd. (NYSE:CHT) Shares Acquired by West Family Investments Inc.

West Family Investments Inc. lifted its stake in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHTGet Rating) by 19.3% in the first quarter, Holdings Channel reports. The institutional investor owned 64,211 shares of the utilities provider’s stock after buying an additional 10,409 shares during the quarter. Chunghwa Telecom accounts for approximately 0.8% of West Family Investments Inc.’s portfolio, making the stock its 23rd biggest position. West Family Investments Inc.’s holdings in Chunghwa Telecom were worth $2,854,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in CHT. Sequoia Financial Advisors LLC boosted its holdings in Chunghwa Telecom by 53.2% in the first quarter. Sequoia Financial Advisors LLC now owns 9,004 shares of the utilities provider’s stock worth $400,000 after purchasing an additional 3,127 shares during the period. Sei Investments Co. acquired a new position in Chunghwa Telecom in the first quarter worth $253,000. BlackRock Inc. boosted its holdings in Chunghwa Telecom by 4.5% in the first quarter. BlackRock Inc. now owns 2,776,762 shares of the utilities provider’s stock worth $123,426,000 after purchasing an additional 120,199 shares during the period. Freestone Capital Holdings LLC boosted its holdings in Chunghwa Telecom by 305.8% in the first quarter. Freestone Capital Holdings LLC now owns 22,852 shares of the utilities provider’s stock worth $1,016,000 after purchasing an additional 17,220 shares during the period. Finally, Acadian Asset Management LLC boosted its holdings in Chunghwa Telecom by 63.4% in the first quarter. Acadian Asset Management LLC now owns 291,207 shares of the utilities provider’s stock worth $12,936,000 after purchasing an additional 113,037 shares during the period. Institutional investors and hedge funds own 2.43% of the company’s stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. raised shares of Chunghwa Telecom from a “neutral” rating to an “overweight” rating in a report on Monday, July 18th.

Chunghwa Telecom Stock Down 0.1 %

Chunghwa Telecom stock opened at $38.80 on Friday. The company has a 50-day simple moving average of $40.66 and a 200-day simple moving average of $42.46. The firm has a market capitalization of $30.10 billion, a P/E ratio of 23.37 and a beta of 0.06. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.08 and a current ratio of 1.20. Chunghwa Telecom Co., Ltd. has a one year low of $38.68 and a one year high of $45.87.

Chunghwa Telecom (NYSE:CHTGet Rating) last released its quarterly earnings results on Friday, July 29th. The utilities provider reported $0.42 EPS for the quarter. The business had revenue of $1.78 billion during the quarter. Chunghwa Telecom had a net margin of 17.10% and a return on equity of 9.49%.

Chunghwa Telecom Company Profile

(Get Rating)

Chunghwa Telecom Co, Ltd., together with its subsidiaries, provides telecommunication services in Taiwan and internationally. It operates through Domestic Fixed Communications Business, Mobile Communications Business, Internet Business, International Fixed Communications Business, and Others segments.

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Institutional Ownership by Quarter for Chunghwa Telecom (NYSE:CHT)

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