Allianz SE bought a new stake in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 31,198 shares of the utilities provider's stock, valued at approximately $1,175,000.
Several other large investors also recently modified their holdings of the stock. Sierra Ocean LLC bought a new stake in Chunghwa Telecom during the fourth quarter worth about $54,000. GAMMA Investing LLC lifted its holdings in shares of 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 during the period. R Squared Ltd acquired a new stake in shares of Chunghwa Telecom during the 4th quarter worth approximately $127,000. V Square Quantitative Management LLC increased its stake in Chunghwa Telecom by 31.0% in the fourth quarter. V Square Quantitative Management LLC now owns 4,065 shares of the utilities provider's stock valued at $153,000 after acquiring an additional 961 shares during the last quarter. Finally, Lindbrook Capital LLC raised its position in Chunghwa Telecom by 35.6% during the fourth 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. 2.11% of the stock is owned by institutional investors and hedge funds.
Chunghwa Telecom Price Performance
NYSE CHT traded down $0.88 during trading on Friday, hitting $38.80. 146,036 shares of the company's stock were exchanged, compared to its average volume of 94,600. The stock's 50 day moving average price is $38.94 and its two-hundred day moving average price is $38.43. Chunghwa Telecom Co., Ltd. has a fifty-two week low of $35.92 and a fifty-two week high of $40.62. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 0.06. The company has a market cap of $30.10 billion, a PE ratio of 26.04, a P/E/G ratio of 21.42 and a beta of 0.19.
Chunghwa Telecom (NYSE:CHT - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The utilities provider reported $0.36 EPS for the quarter. Chunghwa Telecom had a net margin of 16.18% and a return on equity of 9.53%. Research analysts expect that Chunghwa Telecom Co., Ltd. will post 1.44 EPS for the current year.
Analysts Set New Price Targets
Separately, StockNews.com raised Chunghwa Telecom from a "hold" rating to a "buy" rating in a report on Monday, March 17th.
Get Our Latest Stock Report on Chunghwa Telecom
Chunghwa Telecom Company Profile
(
Free Report)
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.
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