Chunghwa Telecom Co., Ltd. (NYSE:CHT) Shares Sold by West Family Investments Inc.

West Family Investments Inc. trimmed its stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 27.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,972 shares of the utilities provider’s stock after selling 10,445 shares during the quarter. West Family Investments Inc.’s holdings in Chunghwa Telecom were worth $1,093,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CHT. Simplex Trading LLC grew its holdings in shares of Chunghwa Telecom by 332.1% during the third quarter. Simplex Trading LLC now owns 834 shares of the utilities provider’s stock valued at $29,000 after buying an additional 641 shares in the last quarter. GAMMA Investing LLC bought a new position in Chunghwa Telecom during the fourth quarter valued at approximately $56,000. Lindbrook Capital LLC lifted its stake in Chunghwa Telecom by 10.7% in the fourth quarter. Lindbrook Capital LLC now owns 3,919 shares of the utilities provider’s stock valued at $153,000 after acquiring an additional 380 shares during the last quarter. Gallacher Capital Management LLC bought a new stake in Chunghwa Telecom in the third quarter worth approximately $202,000. Finally, Ieq Capital LLC bought a new position in shares of Chunghwa Telecom during the 3rd quarter valued at $209,000. 2.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Chunghwa Telecom from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd.

Chunghwa Telecom Stock Down 0.1 %

Chunghwa Telecom stock traded down $0.03 during mid-day trading on Thursday, hitting $37.97. 15,432 shares of the company’s stock were exchanged, compared to its average volume of 80,704. The company has a current ratio of 1.52, a quick ratio of 1.35 and a debt-to-equity ratio of 0.08. The stock has a market cap of $29.45 billion, a P/E ratio of 24.84 and a beta of 0.18. Chunghwa Telecom Co., Ltd. has a 1-year low of $35.44 and a 1-year high of $41.58. The stock has a 50 day moving average of $38.51 and a two-hundred day moving average of $37.93.

Chunghwa Telecom (NYSE:CHT) last issued its quarterly earnings results on Tuesday, January 30th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter. Chunghwa Telecom had a return on equity of 9.38% and a net margin of 16.57%. The company had revenue of $1.94 billion for the quarter. As a group, analysts anticipate that Chunghwa Telecom Co., Ltd. will post 1.5 EPS for the current fiscal year.

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.