Parallel Advisors LLC Has $995,000 Holdings in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Parallel Advisors LLC grew its holdings in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) by 35.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,426 shares of the utilities provider's stock after purchasing an additional 6,959 shares during the period. Parallel Advisors LLC's holdings in Chunghwa Telecom were worth $995,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in CHT. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Chunghwa Telecom by 6.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 970,763 shares of the utilities provider's stock valued at $36,549,000 after purchasing an additional 54,910 shares during the period. Rhumbline Advisers boosted its holdings in shares of Chunghwa Telecom by 1.3% in the fourth quarter. Rhumbline Advisers now owns 255,514 shares of the utilities provider's stock worth $9,620,000 after buying an additional 3,393 shares during the period. Mondrian Investment Partners LTD increased its position in shares of Chunghwa Telecom by 101.4% in the fourth quarter. Mondrian Investment Partners LTD now owns 236,641 shares of the utilities provider's stock worth $9,191,000 after acquiring an additional 119,143 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Chunghwa Telecom in the third quarter worth approximately $4,095,000. Finally, Blue Trust Inc. raised its holdings in shares of Chunghwa Telecom by 35.8% during the fourth quarter. Blue Trust Inc. now owns 50,088 shares of the utilities provider's stock valued at $1,987,000 after acquiring an additional 13,195 shares during the period. Institutional investors and hedge funds own 2.11% of the company's stock.

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Chunghwa Telecom Stock Down 0.3 %

NYSE:CHT traded down $0.11 during trading hours on Monday, hitting $39.03. 83,587 shares of the company's stock traded hands, compared to its average volume of 91,848. Chunghwa Telecom Co., Ltd. has a twelve month low of $35.92 and a twelve month high of $40.62. The firm has a market cap of $30.28 billion, a P/E ratio of 26.19, a P/E/G 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. The stock's fifty day moving average price is $38.66 and its two-hundred day moving average price is $38.40.

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, research analysts expect that Chunghwa Telecom Co., Ltd. will post 1.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Chunghwa Telecom from a "hold" rating to a "buy" rating in a research report on Monday, March 17th.

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.