Connor Clark & Lunn Investment Management Ltd. Increases Position in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) by 6.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 970,763 shares of the utilities provider's stock after buying an additional 54,910 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.13% of Chunghwa Telecom worth $36,549,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CHT. Barclays PLC acquired a new stake in shares of Chunghwa Telecom in the third quarter worth approximately $397,000. Ballentine Partners LLC raised its stake in Chunghwa Telecom by 66.8% during the fourth quarter. Ballentine Partners LLC now owns 42,383 shares of the utilities provider's stock worth $1,596,000 after purchasing an additional 16,977 shares during the period. US Bancorp DE boosted its holdings in shares of Chunghwa Telecom by 15.3% in the 4th quarter. US Bancorp DE now owns 33,206 shares of the utilities provider's stock valued at $1,250,000 after purchasing an additional 4,416 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Chunghwa Telecom by 35.8% during the 4th quarter. Blue Trust Inc. now owns 50,088 shares of the utilities provider's stock valued at $1,987,000 after buying an additional 13,195 shares during the period. Finally, Bleakley Financial Group LLC increased its holdings in shares of Chunghwa Telecom by 27.0% during the 4th quarter. Bleakley Financial Group LLC now owns 6,787 shares of the utilities provider's stock worth $256,000 after buying an additional 1,444 shares during the last quarter. Hedge funds and other institutional investors own 2.11% of the company's stock.

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Chunghwa Telecom Trading Up 0.2 %

CHT traded up $0.07 on Friday, reaching $39.24. 70,335 shares of the company's stock were exchanged, compared to its average volume of 90,805. The company has a market cap of $30.44 billion, a price-to-earnings ratio of 26.34, a PEG ratio of 21.42 and a beta of 0.19. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.29 and a current ratio of 1.47. Chunghwa Telecom Co., Ltd. has a twelve month low of $35.92 and a twelve month high of $40.62. The company's 50 day moving average is $38.48 and its 200-day moving average is $38.39.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Chunghwa Telecom from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th.

Chunghwa Telecom Company 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.