Chunghwa Telecom Co., Ltd. (NYSE:CHT) Position Raised by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 6.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 970,763 shares of the utilities provider’s stock after purchasing an additional 54,910 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Chunghwa Telecom were worth $36,549,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Ieq Capital LLC increased its stake in Chunghwa Telecom by 5.7% in the 4th quarter. Ieq Capital LLC now owns 5,621 shares of the utilities provider’s stock worth $212,000 after purchasing an additional 301 shares in the last quarter. Sivia Capital Partners LLC grew its stake in Chunghwa Telecom by 4.2% during the 4th quarter. Sivia Capital Partners LLC now owns 9,785 shares of the utilities provider’s stock valued at $368,000 after acquiring an additional 391 shares in the last quarter. OneDigital Investment Advisors LLC grew its stake in Chunghwa Telecom by 6.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 7,964 shares of the utilities provider’s stock valued at $316,000 after acquiring an additional 468 shares in the last quarter. First Affirmative Financial Network grew its stake in Chunghwa Telecom by 2.1% during the 4th quarter. First Affirmative Financial Network now owns 31,156 shares of the utilities provider’s stock valued at $1,173,000 after acquiring an additional 655 shares in the last quarter. Finally, Lester Murray Antman dba SimplyRich grew its stake in Chunghwa Telecom by 5.7% during the 4th quarter. Lester Murray Antman dba SimplyRich now owns 14,896 shares of the utilities provider’s stock valued at $560,000 after acquiring an additional 800 shares in the last quarter. 2.11% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Chunghwa Telecom from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th.

Chunghwa Telecom Stock Up 0.2 %

Shares of Chunghwa Telecom stock opened at $38.84 on Thursday. The stock has a market capitalization of $30.13 billion, a P/E ratio of 26.07, a PEG ratio of 21.42 and a beta of 0.19. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 0.06. The stock has a 50 day moving average price of $38.41 and a two-hundred day moving average price of $38.38. Chunghwa Telecom Co., Ltd. has a 12-month low of $35.92 and a 12-month high of $40.62.

Chunghwa Telecom (NYSE:CHT) last announced its earnings results on Thursday, January 23rd. The utilities provider reported $0.36 earnings per share (EPS) for the quarter. Chunghwa Telecom had a return on equity of 9.53% and a net margin of 16.18%. Equities analysts expect that Chunghwa Telecom Co., Ltd. will post 1.44 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.