JPMorgan Chase & Co. Cuts Stock Holdings in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

JPMorgan Chase & Co. lowered its stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 60.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,255 shares of the utilities provider’s stock after selling 1,881 shares during the quarter. JPMorgan Chase & Co.’s holdings in Chunghwa Telecom were worth $47,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Sierra Ocean LLC bought a new position in Chunghwa Telecom during the fourth quarter valued at approximately $54,000. GAMMA Investing LLC boosted its position in shares of Chunghwa Telecom by 71.4% during the 4th quarter. GAMMA Investing LLC now owns 3,085 shares of the utilities provider’s stock valued at $116,000 after acquiring an additional 1,285 shares during the last quarter. R Squared Ltd purchased a new position in shares of Chunghwa Telecom in the fourth quarter valued at $127,000. V Square Quantitative Management LLC increased its position in Chunghwa Telecom by 31.0% in the fourth 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 Chunghwa Telecom by 35.6% during the fourth 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.

Chunghwa Telecom Price Performance

Shares of Chunghwa Telecom stock opened at $43.04 on Thursday. The stock has a market cap of $33.39 billion, a price-to-earnings ratio of 28.89, a price-to-earnings-growth ratio of 21.42 and a beta of 0.21. 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 has a 50 day moving average price of $39.58 and a 200-day moving average price of $38.63. Chunghwa Telecom Co., Ltd. has a one year low of $35.92 and a one year high of $44.36.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Chunghwa Telecom from a “buy” rating to a “hold” rating in a report on Monday, April 14th.

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.