6,439 Shares in Chunghwa Telecom Co., Ltd. (NYSE:CHT) Purchased by SG Americas Securities LLC

SG Americas Securities LLC acquired a new stake in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHTGet Rating) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,439 shares of the utilities provider’s stock, valued at approximately $266,000.

Other hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP acquired a new position in shares of Chunghwa Telecom in the second quarter valued at approximately $25,000. CWM LLC increased its stake in Chunghwa Telecom by 296.1% in the 1st quarter. CWM LLC now owns 602 shares of the utilities provider’s stock valued at $27,000 after buying an additional 450 shares during the period. Royal Bank of Canada raised its position in Chunghwa Telecom by 154.6% during the 1st quarter. Royal Bank of Canada now owns 769 shares of the utilities provider’s stock worth $34,000 after buying an additional 467 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Chunghwa Telecom by 848.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,877 shares of the utilities provider’s stock worth $83,000 after buying an additional 1,679 shares during the last quarter. Finally, Centaurus Financial Inc. acquired a new stake in shares of Chunghwa Telecom in the 1st quarter worth $182,000. 2.43% of the stock is owned by institutional investors and hedge funds.

Chunghwa Telecom Price Performance

Chunghwa Telecom stock opened at $33.62 on Wednesday. The company has a market cap of $26.08 billion, a P/E ratio of 20.63 and a beta of 0.11. Chunghwa Telecom Co., Ltd. has a one year low of $32.90 and a one year high of $45.87. The business has a fifty day moving average of $35.74 and a two-hundred day moving average of $39.68. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.08 and a current ratio of 1.20.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CHT. StockNews.com cut shares of Chunghwa Telecom from a “buy” rating to a “hold” rating in a report on Thursday, November 3rd. JPMorgan Chase & Co. raised Chunghwa Telecom from a “neutral” rating to an “overweight” rating in a research note on Monday, July 18th.

About Chunghwa Telecom

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Chunghwa Telecom Co, Ltd., together with its subsidiaries, provides telecommunication services in Taiwan and internationally. It operates through Domestic Fixed Communications Business, Mobile Communications Business, Internet Business, International Fixed Communications Business, and Others segments.

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Institutional Ownership by Quarter for Chunghwa Telecom (NYSE:CHT)

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