Lindbrook Capital LLC Purchases 380 Shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Lindbrook Capital LLC grew its position in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 10.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,919 shares of the utilities provider’s stock after purchasing an additional 380 shares during the quarter. Lindbrook Capital LLC’s holdings in Chunghwa Telecom were worth $153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of CHT. Foster Group Inc. boosted its position in shares of Chunghwa Telecom by 4.1% during the third quarter. Foster Group Inc. now owns 7,762 shares of the utilities provider’s stock worth $279,000 after acquiring an additional 305 shares during the last quarter. CWM LLC boosted its position in shares of Chunghwa Telecom by 18.4% during the third quarter. CWM LLC now owns 2,622 shares of the utilities provider’s stock worth $94,000 after acquiring an additional 408 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Chunghwa Telecom by 3.7% during the third quarter. PNC Financial Services Group Inc. now owns 14,092 shares of the utilities provider’s stock worth $506,000 after acquiring an additional 503 shares during the last quarter. Signaturefd LLC boosted its position in shares of Chunghwa Telecom by 2.3% during the third quarter. Signaturefd LLC now owns 24,983 shares of the utilities provider’s stock worth $898,000 after acquiring an additional 561 shares during the last quarter. Finally, DGS Capital Management LLC boosted its position in shares of Chunghwa Telecom by 6.5% during the fourth quarter. DGS Capital Management LLC now owns 9,381 shares of the utilities provider’s stock worth $367,000 after acquiring an additional 575 shares during the last quarter. 2.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Chunghwa Telecom from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd.

Chunghwa Telecom Price Performance

Shares of NYSE:CHT opened at $38.58 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.35 and a current ratio of 1.52. The firm has a fifty day moving average price of $38.61 and a 200 day moving average price of $37.87. Chunghwa Telecom Co., Ltd. has a fifty-two week low of $35.44 and a fifty-two week high of $41.58. The firm has a market cap of $29.93 billion, a price-to-earnings ratio of 25.22 and a beta of 0.17.

Chunghwa Telecom (NYSE:CHT) last released its quarterly earnings results on Tuesday, January 30th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter. The company had revenue of $1.94 billion for the quarter. Chunghwa Telecom had a net margin of 16.57% and a return on equity of 9.38%. As a group, sell-side analysts expect that Chunghwa Telecom Co., Ltd. will post 1.5 earnings per share for the current fiscal year.

Chunghwa Telecom Company Profile

Chunghwa Telecom Co, Ltd., together with its subsidiaries, provides telecommunication services in Taiwan and internationally. It operates through Consumer Business, Enterprise Business, International Business, and Others segments. The company offers local, domestic long distance, and international long distance fixed-line telephone services; mobile services such as prepaid and postpaid plans; broadband plans; and internet and data services.