Bleakley Financial Group LLC purchased a new stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT – Free Report) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 5,454 shares of the utilities provider’s stock, valued at approximately $213,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Foster Group Inc. boosted its holdings in Chunghwa Telecom by 4.1% during the third quarter. Foster Group Inc. now owns 7,762 shares of the utilities provider’s stock worth $279,000 after buying an additional 305 shares during the last quarter. HighTower Advisors LLC boosted its holdings in Chunghwa Telecom by 5.0% during the first quarter. HighTower Advisors LLC now owns 6,665 shares of the utilities provider’s stock worth $296,000 after buying an additional 317 shares during the last quarter. Bank of Montreal Can boosted its holdings in Chunghwa Telecom by 1.9% during the first quarter. Bank of Montreal Can now owns 21,093 shares of the utilities provider’s stock worth $943,000 after buying an additional 394 shares during the last quarter. CWM LLC boosted its holdings in Chunghwa Telecom by 18.4% during the third quarter. CWM LLC now owns 2,622 shares of the utilities provider’s stock worth $94,000 after buying an additional 408 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in Chunghwa Telecom by 154.6% during the first 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. Institutional investors own 2.11% of the company’s stock.
Chunghwa Telecom Trading Down 1.2 %
NYSE:CHT opened at $38.16 on Wednesday. Chunghwa Telecom Co., Ltd. has a fifty-two week low of $35.44 and a fifty-two week high of $41.58. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.33 and a quick ratio of 1.23. The stock has a market capitalization of $29.60 billion, a PE ratio of 24.94 and a beta of 0.17. The business’s 50-day simple moving average is $38.66 and its 200-day simple moving average is $37.79.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut Chunghwa Telecom from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd.
Check Out Our Latest Stock Report on CHT
Chunghwa Telecom 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.
Recommended Stories
- Five stocks we like better than Chunghwa Telecom
- Procter & Gamble (NYSE:PG) Pulls Back After Shaky Guidance
- Silicon Motion Proves That AI in Motion Stays in Motion
- What is the Hang Seng index?
- Undervalued UnitedHealth Group Won’t Be For Long
- Technology Stocks Explained: Here’s What to Know About Tech
- The 5 Stocks Most Sold By Insiders This Year
Want to see what other hedge funds are holding CHT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chunghwa Telecom Co., Ltd. (NYSE:CHT – Free Report).
Receive News & Ratings for Chunghwa Telecom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chunghwa Telecom and related companies with MarketBeat.com's FREE daily email newsletter.