Bleakley Financial Group LLC Purchases New Position in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Bleakley Financial Group LLC purchased a new stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 5,454 shares of the utilities provider’s stock, valued at approximately $213,000.

Other large investors have also made changes to their positions in the company. Royal Bank of Canada grew its stake in shares of Chunghwa Telecom by 154.6% in the 1st quarter. Royal Bank of Canada now owns 769 shares of the utilities provider’s stock valued at $34,000 after buying an additional 467 shares in the last quarter. Simplex Trading LLC grew its stake in shares of Chunghwa Telecom by 332.1% in the 3rd 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. BNP Paribas Arbitrage SA grew its stake in shares of Chunghwa Telecom by 848.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,877 shares of the utilities provider’s stock valued at $83,000 after buying an additional 1,679 shares in the last quarter. Atlas Capital Advisors LLC grew its stake in shares of Chunghwa Telecom by 155.3% in the 2nd quarter. Atlas Capital Advisors LLC now owns 2,369 shares of the utilities provider’s stock valued at $98,000 after buying an additional 1,441 shares in the last quarter. Finally, BNP Paribas Arbitrage SNC grew its stake in shares of Chunghwa Telecom by 50.6% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 2,475 shares of the utilities provider’s stock valued at $88,000 after buying an additional 832 shares in the last quarter. Institutional investors own 2.11% of the company’s stock.

Wall Street Analyst Weigh In

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

Chunghwa Telecom Stock Down 1.2 %

Shares of Chunghwa Telecom stock opened at $38.16 on Wednesday. The stock has a market capitalization of $29.60 billion, a P/E ratio of 24.94 and a beta of 0.17. The company has a quick ratio of 1.23, a current ratio of 1.33 and a debt-to-equity ratio of 0.08. The stock has a 50 day moving average price of $38.66 and a two-hundred day moving average price of $37.79. Chunghwa Telecom Co., Ltd. has a 12-month low of $35.44 and a 12-month high of $41.58.

Chunghwa Telecom (NYSE:CHT) last announced its earnings results on Tuesday, January 30th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter. The firm had revenue of $1.94 billion during the quarter. Chunghwa Telecom had a return on equity of 9.49% and a net margin of 16.57%. Equities analysts expect that Chunghwa Telecom Co., Ltd. will post 1.5 earnings per share for the current year.

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.