Caprock Group LLC Lowers Stock Position in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Caprock Group LLC cut its holdings in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 23.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,296 shares of the utilities provider’s stock after selling 3,770 shares during the period. Caprock Group LLC’s holdings in Chunghwa Telecom were worth $488,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CHT. Allworth Financial LP boosted its position in Chunghwa Telecom by 40.5% during the 3rd quarter. Allworth Financial LP now owns 919 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 265 shares in the last quarter. GAMMA Investing LLC lifted its position in Chunghwa Telecom by 14.2% during the second quarter. GAMMA Investing LLC now owns 2,543 shares of the utilities provider’s stock valued at $98,000 after acquiring an additional 317 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in Chunghwa Telecom during the second quarter valued at approximately $120,000. EverSource Wealth Advisors LLC lifted its position in Chunghwa Telecom by 80.1% during the first quarter. EverSource Wealth Advisors LLC now owns 3,345 shares of the utilities provider’s stock valued at $126,000 after acquiring an additional 1,488 shares during the last quarter. Finally, CWM LLC boosted its stake in Chunghwa Telecom by 31.8% in the second quarter. CWM LLC now owns 3,443 shares of the utilities provider’s stock valued at $133,000 after acquiring an additional 830 shares in the last quarter. 2.11% of the stock is owned by hedge funds and other institutional investors.

Chunghwa Telecom Trading Up 0.3 %

Chunghwa Telecom stock opened at $38.00 on Friday. Chunghwa Telecom Co., Ltd. has a one year low of $35.92 and a one year high of $40.62. The stock has a market cap of $29.48 billion, a PE ratio of 26.03, a price-to-earnings-growth ratio of 18.37 and a beta of 0.19. 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 of $38.39 and a two-hundred day moving average of $38.30.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. downgraded Chunghwa Telecom from an “overweight” rating to a “neutral” rating in a research report on Tuesday, August 6th.

About Chunghwa Telecom

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.