Chunghwa Telecom Co., Ltd. (NYSE:CHT) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC increased its stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) by 90.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,633 shares of the utilities provider's stock after purchasing an additional 18,839 shares during the quarter. Cerity Partners LLC's holdings in Chunghwa Telecom were worth $1,505,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new position in Chunghwa Telecom during the fourth quarter worth approximately $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 stake in Chunghwa Telecom during the 4th quarter worth approximately $127,000. V Square Quantitative Management LLC increased its position in shares of Chunghwa Telecom by 31.0% in the 4th quarter. V Square Quantitative Management LLC now owns 4,065 shares of the utilities provider's stock worth $153,000 after purchasing an additional 961 shares during the last quarter. Finally, Lindbrook Capital LLC raised its stake 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.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Chunghwa Telecom from a "buy" rating to a "hold" rating in a research note on Monday, April 14th.

Chunghwa Telecom Stock Performance

Shares of CHT stock traded down $0.51 on Wednesday, hitting $39.43. 27,074 shares of the stock traded hands, compared to its average volume of 119,668. The company has a market capitalization of $30.59 billion, a PE ratio of 26.46, a PEG ratio of 21.42 and a beta of 0.22. The company's fifty day moving average is $39.10 and its 200 day moving average is $38.41. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.47 and a quick ratio of 1.29. Chunghwa Telecom Co., Ltd. has a 1-year low of $35.92 and a 1-year high of $40.62.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The utilities provider reported $0.36 earnings per share (EPS) for the quarter. Chunghwa Telecom had a net margin of 16.18% and a return on equity of 9.53%. On average, equities research analysts predict 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.