Chunghwa Telecom Co., Ltd. $CHT Stock Sold by Quadrant Capital Group LLC

Quadrant Capital Group LLC decreased its position in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 71.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,321 shares of the utilities provider’s stock after selling 48,522 shares during the period. Quadrant Capital Group LLC’s holdings in Chunghwa Telecom were worth $891,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Nykredit A S acquired a new position in shares of Chunghwa Telecom in the 2nd quarter worth approximately $2,075,000. Renaissance Technologies LLC grew its position in Chunghwa Telecom by 1.3% during the 1st quarter. Renaissance Technologies LLC now owns 2,765,296 shares of the utilities provider’s stock worth $116,806,000 after acquiring an additional 36,820 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Chunghwa Telecom by 6.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 548,080 shares of the utilities provider’s stock valued at $23,145,000 after purchasing an additional 31,280 shares in the last quarter. R Squared Ltd increased its holdings in Chunghwa Telecom by 97.3% during the 1st quarter. R Squared Ltd now owns 55,164 shares of the utilities provider’s stock valued at $2,330,000 after purchasing an additional 27,200 shares in the last quarter. Finally, Quantinno Capital Management LP increased its holdings in Chunghwa Telecom by 41.2% during the 1st quarter. Quantinno Capital Management LP now owns 297,210 shares of the utilities provider’s stock valued at $12,554,000 after purchasing an additional 86,786 shares in the last quarter. Institutional investors own 2.11% of the company’s stock.

Chunghwa Telecom Stock Down 0.4%

Shares of NYSE:CHT opened at $48.54 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.22 and a debt-to-equity ratio of 0.06. The firm has a market cap of $37.66 billion, a P/E ratio of 29.42, a P/E/G ratio of 2.15 and a beta of 0.27. Chunghwa Telecom Co., Ltd. has a 12 month low of $39.28 and a 12 month high of $48.99. The company’s 50-day moving average price is $45.22 and its two-hundred day moving average price is $44.11.

Chunghwa Telecom (NYSE:CHT) last announced its earnings results on Monday, October 12th. The utilities provider reported $0.49 earnings per share for the quarter. Chunghwa Telecom had a net margin of 16.11% and a return on equity of 10.00%. The company had revenue of $2.12 billion during the quarter. As a group, research analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.56 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Zacks Research raised Chunghwa Telecom from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 17th. Weiss Ratings restated a “hold (c)” rating on shares of Chunghwa Telecom in a report on Thursday, October 15th. Two equities research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Chunghwa Telecom Company Profile

Chunghwa Telecom Co, Ltd. is Taiwan’s largest integrated telecommunications provider and the country’s former state-owned telecommunications operator. The company was established in 1996 following the corporatization of Taiwan’s Directorate General of Telecommunications and was subsequently privatized. Chunghwa Telecom is headquartered in New Taipei City, Taiwan.

The company provides fixed-line voice services, mobile communications, broadband internet access, and related digital communications products.