16,929 Shares in Chunghwa Telecom Co., Ltd. (NYSE:CHT) Acquired by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 16,929 shares of the utilities provider's stock, valued at approximately $637,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Chunghwa Telecom by 120.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 915,853 shares of the utilities provider's stock valued at $36,332,000 after purchasing an additional 500,475 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Chunghwa Telecom during the 3rd quarter valued at approximately $4,095,000. Ballentine Partners LLC grew its stake in Chunghwa Telecom by 66.8% during the 4th quarter. Ballentine Partners LLC now owns 42,383 shares of the utilities provider's stock worth $1,596,000 after buying an additional 16,977 shares during the last quarter. Blue Trust Inc. increased its position in Chunghwa Telecom by 35.8% in the fourth quarter. Blue Trust Inc. now owns 50,088 shares of the utilities provider's stock worth $1,987,000 after buying an additional 13,195 shares during the period. Finally, Kathmere Capital Management LLC lifted its stake in Chunghwa Telecom by 59.5% in the fourth quarter. Kathmere Capital Management LLC now owns 34,401 shares of the utilities provider's stock valued at $1,295,000 after buying an additional 12,828 shares during the last quarter. Institutional investors and hedge funds own 2.11% of the company's stock.

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Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Chunghwa Telecom from a "buy" rating to a "hold" rating in a report on Saturday.

Chunghwa Telecom Stock Performance

Shares of CHT traded up $0.09 during mid-day trading on Wednesday, reaching $38.84. 67,364 shares of the company's stock traded hands, compared to its average volume of 90,598. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.29 and a current ratio of 1.47. The business's 50-day moving average price is $38.38 and its 200-day moving average price is $38.38. The stock has a market capitalization of $30.13 billion, a P/E ratio of 26.07, a price-to-earnings-growth ratio of 21.42 and a beta of 0.19. Chunghwa Telecom Co., Ltd. has a 12 month low of $35.92 and a 12 month high of $40.62.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last announced its earnings results on Thursday, January 23rd. The utilities provider reported $0.36 earnings per share for the quarter. Chunghwa Telecom had a return on equity of 9.53% and a net margin of 16.18%. Equities analysts predict that Chunghwa Telecom Co., Ltd. will post 1.44 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.