Chunghwa Telecom Co., Ltd. (NYSE:CHT) Shares Sold by GAMMA Investing LLC

GAMMA Investing LLC cut its position in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 29.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,800 shares of the utilities provider’s stock after selling 743 shares during the period. GAMMA Investing LLC’s holdings in Chunghwa Telecom were worth $71,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Centaurus Financial Inc. purchased a new stake in Chunghwa Telecom in the fourth quarter valued at approximately $102,000. V Square Quantitative Management LLC purchased a new stake in shares of Chunghwa Telecom in the 2nd quarter valued at $120,000. EverSource Wealth Advisors LLC increased its stake in shares of Chunghwa Telecom by 80.1% in the first quarter. EverSource Wealth Advisors LLC now owns 3,345 shares of the utilities provider’s stock worth $126,000 after acquiring an additional 1,488 shares during the period. CWM LLC raised its holdings in shares of Chunghwa Telecom by 31.8% during the second quarter. CWM LLC now owns 3,443 shares of the utilities provider’s stock worth $133,000 after purchasing an additional 830 shares during the last quarter. Finally, Simplicity Wealth LLC lifted its position in Chunghwa Telecom by 8.4% during the second quarter. Simplicity Wealth LLC now owns 5,755 shares of the utilities provider’s stock valued at $222,000 after purchasing an additional 445 shares during the period. 2.11% of the stock is currently owned by hedge funds and other institutional investors.

Chunghwa Telecom Trading Up 0.7 %

Shares of NYSE:CHT opened at $38.22 on Wednesday. The company has a current ratio of 1.28, a quick ratio of 1.16 and a debt-to-equity ratio of 0.08. Chunghwa Telecom Co., Ltd. has a 12-month low of $35.44 and a 12-month high of $40.62. The business has a 50 day moving average of $38.69 and a two-hundred day moving average of $38.42. The company has a market capitalization of $29.65 billion, a PE ratio of 25.48, a PEG ratio of 18.20 and a beta of 0.19.

Chunghwa Telecom (NYSE:CHT) last posted its earnings results on Tuesday, August 6th. The utilities provider reported $0.39 earnings per share (EPS) for the quarter. The firm had revenue of $1.67 billion during the quarter. Chunghwa Telecom had a net margin of 16.27% and a return on equity of 9.27%. As a group, analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.49 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered Chunghwa Telecom from an “overweight” rating to a “neutral” rating in a research note on Tuesday, August 6th.

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.