Quadrant Capital Group LLC Has $2.80 Million Stock Position in Chunghwa Telecom Co., Ltd. $CHT

Quadrant Capital Group LLC lifted its holdings in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 31.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 64,263 shares of the utilities provider’s stock after acquiring an additional 15,418 shares during the period. Quadrant Capital Group LLC’s holdings in Chunghwa Telecom were worth $2,803,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its position in Chunghwa Telecom by 65.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 866 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 344 shares in the last quarter. Smartleaf Asset Management LLC bought a new stake in Chunghwa Telecom during the 2nd quarter worth approximately $53,000. Westside Investment Management Inc. increased its holdings in Chunghwa Telecom by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 1,438 shares of the utilities provider’s stock worth $63,000 after purchasing an additional 719 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Chunghwa Telecom by 1,047.1% in the third 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. Finally, Allworth Financial LP raised its stake in shares of Chunghwa Telecom by 125.9% in the second quarter. Allworth Financial LP now owns 2,370 shares of the utilities provider’s stock worth $110,000 after purchasing an additional 1,321 shares during the last quarter. Institutional investors and hedge funds own 2.11% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Zacks Research raised Chunghwa Telecom to a “hold” rating in a research report on Monday, January 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Chunghwa Telecom in a research report on Wednesday, January 21st. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

Chunghwa Telecom Stock Down 0.6%

Chunghwa Telecom stock opened at $42.89 on Thursday. Chunghwa Telecom Co., Ltd. has a fifty-two week low of $37.03 and a fifty-two week high of $47.03. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.32 and a current ratio of 1.49. The firm’s 50-day simple moving average is $42.48 and its 200 day simple moving average is $42.68. The stock has a market cap of $33.27 billion, a PE ratio of 26.64, a price-to-earnings-growth ratio of 5.78 and a beta of 0.29.

Chunghwa Telecom (NYSE:CHT) last posted its quarterly earnings data on Thursday, February 26th. The utilities provider reported $0.38 EPS for the quarter. Chunghwa Telecom had a net margin of 16.37% and a return on equity of 9.82%. Research analysts predict that Chunghwa Telecom Co., Ltd. will post 1.44 EPS for the current fiscal year.

Chunghwa Telecom Company Profile

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.