Chunghwa Telecom Co., Ltd. (NYSE:CHT) Holdings Boosted by Signaturefd LLC

Signaturefd LLC raised its position in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 7.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,884 shares of the utilities provider’s stock after purchasing an additional 1,901 shares during the quarter. Signaturefd LLC’s holdings in Chunghwa Telecom were worth $1,050,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Simplex Trading LLC lifted its stake in Chunghwa Telecom by 332.1% in the 3rd quarter. Simplex Trading LLC now owns 834 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 641 shares in the last quarter. CWM LLC boosted its holdings 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 purchasing an additional 408 shares during the period. Lindbrook Capital LLC grew its position in Chunghwa Telecom by 10.7% during the fourth quarter. Lindbrook Capital LLC now owns 3,919 shares of the utilities provider’s stock valued at $153,000 after purchasing an additional 380 shares in the last quarter. Gallacher Capital Management LLC acquired a new position in Chunghwa Telecom in the 3rd quarter valued at approximately $202,000. Finally, Ieq Capital LLC purchased a new stake in Chunghwa Telecom in the 3rd quarter worth approximately $209,000. Institutional investors and hedge funds own 2.11% of the company’s stock.

Analysts Set New Price Targets

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

Chunghwa Telecom Stock Performance

Shares of CHT stock opened at $38.54 on Tuesday. Chunghwa Telecom Co., Ltd. has a fifty-two week low of $35.44 and a fifty-two week high of $41.58. The stock’s 50-day moving average is $38.60 and its two-hundred day moving average is $37.85. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.52 and a quick ratio of 1.35. The firm has a market cap of $29.90 billion, a P/E ratio of 25.19 and a beta of 0.17.

Chunghwa Telecom (NYSE:CHT) last announced its quarterly earnings results on Tuesday, January 30th. The utilities provider reported $0.33 EPS for the quarter. The business had revenue of $1.94 billion during the quarter. Chunghwa Telecom had a return on equity of 9.38% and a net margin of 16.57%. Analysts predict that Chunghwa Telecom Co., Ltd. will post 1.5 earnings per share for the current fiscal year.

About Chunghwa Telecom

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.