Schroder Investment Management Group Grows Stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Schroder Investment Management Group raised its holdings in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 2.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 650,358 shares of the utilities provider’s stock after purchasing an additional 14,911 shares during the period. Schroder Investment Management Group’s holdings in Chunghwa Telecom were worth $24,662,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sierra Ocean LLC purchased a new position in shares of Chunghwa Telecom during the 4th quarter worth about $54,000. GAMMA Investing LLC lifted its position in Chunghwa Telecom by 71.4% during the 4th quarter. GAMMA Investing LLC now owns 3,085 shares of the utilities provider’s stock worth $116,000 after acquiring an additional 1,285 shares in the last quarter. R Squared Ltd purchased a new position in shares of Chunghwa Telecom in the fourth quarter valued at $127,000. V Square Quantitative Management LLC increased its position in shares of Chunghwa Telecom by 31.0% during the fourth quarter. V Square Quantitative Management LLC now owns 4,065 shares of the utilities provider’s stock worth $153,000 after acquiring an additional 961 shares during the last quarter. Finally, Lindbrook Capital LLC raised its position in shares of Chunghwa Telecom by 35.6% in the 4th quarter. Lindbrook Capital LLC now owns 5,257 shares of the utilities provider’s stock valued at $198,000 after purchasing an additional 1,379 shares in the last quarter. Hedge funds and other institutional investors own 2.11% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Chunghwa Telecom from a “hold” rating to a “buy” rating in a report on Monday, March 17th.

Chunghwa Telecom Stock Performance

Shares of CHT opened at $39.35 on Thursday. Chunghwa Telecom Co., Ltd. has a 52-week low of $35.92 and a 52-week high of $40.62. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $30.53 billion, a PE ratio of 26.41, a P/E/G ratio of 21.42 and a beta of 0.19. The firm has a 50-day moving average price of $38.92 and a 200 day moving average price of $38.42.

Chunghwa Telecom (NYSE:CHT) last announced its quarterly earnings data on Thursday, January 23rd. The utilities provider reported $0.36 EPS for the quarter. Chunghwa Telecom had a return on equity of 9.53% and a net margin of 16.18%. On average, sell-side analysts anticipate that Chunghwa Telecom Co., Ltd. will post 1.44 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.