Caprock Group LLC Makes New $522,000 Investment in Chunghwa Telecom Co., Ltd. $CHT

Caprock Group LLC bought a new position in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,002 shares of the utilities provider’s stock, valued at approximately $522,000.

Other large investors also recently modified their holdings of the company. Westside Investment Management Inc. bought a new stake in shares of Chunghwa Telecom during the 2nd quarter valued at about $34,000. Hantz Financial Services Inc. boosted its stake in Chunghwa Telecom by 1,083.1% in the second quarter. Hantz Financial Services Inc. now owns 840 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 769 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of Chunghwa Telecom by 65.9% during the third quarter. Farther Finance Advisors LLC now owns 866 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 344 shares during the last quarter. Smartleaf Asset Management LLC acquired a new stake in shares of Chunghwa Telecom during the 2nd quarter worth approximately $53,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Chunghwa Telecom by 1,047.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,973 shares of the utilities provider’s stock worth $86,000 after purchasing an additional 1,801 shares during the last quarter. 2.11% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CHT shares. Zacks Research upgraded Chunghwa Telecom to a “hold” rating in a research note on Monday, January 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Chunghwa Telecom in a report on Wednesday, January 21st. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Chunghwa Telecom presently has an average rating of “Hold”.

Chunghwa Telecom Stock Performance

Shares of CHT stock opened at $43.02 on Wednesday. Chunghwa Telecom Co., Ltd. has a 12-month low of $37.03 and a 12-month high of $47.03. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.50 and a quick ratio of 1.30. The firm has a market capitalization of $33.37 billion, a price-to-earnings ratio of 26.72, a price-to-earnings-growth ratio of 5.72 and a beta of 0.30. The business has a 50 day simple moving average of $41.91 and a 200 day simple moving average of $42.88.

Chunghwa Telecom (NYSE:CHT) last announced its earnings results on Tuesday, February 3rd. The utilities provider reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. Chunghwa Telecom had a return on equity of 9.87% and a net margin of 16.37%.The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $1.84 billion. On average, equities research analysts anticipate that Chunghwa Telecom Co., Ltd. will post 1.44 EPS for the current year.

About Chunghwa Telecom

Chunghwa Telecom Co, Ltd. is the largest integrated telecommunications service provider in Taiwan, serving both consumer and enterprise customers across the island and through international telecommunications links. The company offers a full range of voice, data and multimedia services and operates as the incumbent fixed-line operator while also competing in mobile, broadband and enterprise markets. Its network footprint and traffic interchange capabilities support domestic communications and cross-border connectivity for carriers and multinational businesses.

Chunghwa Telecom’s product and service portfolio includes fixed-line telephony, mobile services (including 4G and 5G wireless access), broadband internet (DSL and fiber-to-the-home), and IPTV.