Chunghwa Telecom Co., Ltd. (NYSE:CHT) Shares Bought by AlphaQ Advisors LLC

AlphaQ Advisors LLC raised its stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 18.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,509 shares of the utilities provider’s stock after acquiring an additional 1,353 shares during the quarter. AlphaQ Advisors LLC’s holdings in Chunghwa Telecom were worth $332,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Foster Group Inc. increased its stake in Chunghwa Telecom by 4.1% in the third quarter. Foster Group Inc. now owns 7,762 shares of the utilities provider’s stock valued at $279,000 after purchasing an additional 305 shares during the last quarter. HighTower Advisors LLC grew its position in Chunghwa Telecom by 5.0% during the first quarter. HighTower Advisors LLC now owns 6,665 shares of the utilities provider’s stock valued at $296,000 after acquiring an additional 317 shares during the period. Bank of Montreal Can grew its position in Chunghwa Telecom by 1.9% during the first quarter. Bank of Montreal Can now owns 21,093 shares of the utilities provider’s stock valued at $943,000 after acquiring an additional 394 shares during the period. CWM LLC grew its position in Chunghwa Telecom by 18.4% during the third quarter. CWM LLC now owns 2,622 shares of the utilities provider’s stock valued at $94,000 after acquiring an additional 408 shares during the period. Finally, Royal Bank of Canada grew its position in Chunghwa Telecom by 154.6% during the first quarter. Royal Bank of Canada now owns 769 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 467 shares during the period. 2.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Chunghwa Telecom Trading Down 1.3 %

CHT stock traded down $0.51 during trading on Friday, reaching $38.50. 55,770 shares of the stock traded hands, compared to its average volume of 69,647. The business’s 50 day moving average price is $38.66 and its 200-day moving average price is $37.73. Chunghwa Telecom Co., Ltd. has a 52-week low of $35.44 and a 52-week high of $41.58. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.33 and a quick ratio of 1.23. The firm has a market capitalization of $29.87 billion, a PE ratio of 25.16 and a beta of 0.17.

Chunghwa Telecom (NYSE:CHT) last issued its earnings results on Tuesday, January 30th. The utilities provider reported $0.33 earnings per share for the quarter. Chunghwa Telecom had a return on equity of 9.49% and a net margin of 16.57%. The company had revenue of $1.94 billion during the quarter. As a group, sell-side analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.5 earnings per share for the current year.

Chunghwa Telecom 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.