West Family Investments Inc. Cuts Holdings in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

West Family Investments Inc. lessened its stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 27.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,972 shares of the utilities provider’s stock after selling 10,445 shares during the period. West Family Investments Inc.’s holdings in Chunghwa Telecom were worth $1,093,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CHT. Mondrian Investment Partners LTD bought a new stake in shares of Chunghwa Telecom in the 3rd quarter worth approximately $4,223,000. Advisor Partners II LLC raised its holdings in Chunghwa Telecom by 45.4% during the 3rd quarter. Advisor Partners II LLC now owns 49,882 shares of the utilities provider’s stock valued at $1,793,000 after buying an additional 15,575 shares during the last quarter. Mariner LLC raised its holdings in Chunghwa Telecom by 93.4% during the 3rd quarter. Mariner LLC now owns 31,154 shares of the utilities provider’s stock valued at $1,120,000 after buying an additional 15,047 shares during the last quarter. American Century Companies Inc. raised its holdings in Chunghwa Telecom by 10.9% during the 3rd quarter. American Century Companies Inc. now owns 143,661 shares of the utilities provider’s stock valued at $5,163,000 after buying an additional 14,072 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in Chunghwa Telecom by 27.9% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 59,677 shares of the utilities provider’s stock valued at $2,145,000 after buying an additional 13,001 shares during the last quarter. Hedge funds and other institutional investors own 2.11% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Chunghwa Telecom Trading Down 0.1 %

NYSE CHT traded down $0.03 during trading on Thursday, hitting $37.97. The company had a trading volume of 15,432 shares, 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. Chunghwa Telecom Co., Ltd. has a one year low of $35.44 and a one year high of $41.58. The company has a market cap of $29.45 billion, a price-to-earnings ratio of 24.84 and a beta of 0.18. The company’s fifty day moving average is $38.51 and its 200-day moving average is $37.93.

Chunghwa Telecom (NYSE:CHT) last released its earnings results on Tuesday, January 30th. The utilities provider reported $0.33 earnings per share for the quarter. The firm had revenue of $1.94 billion for the quarter. Chunghwa Telecom had a net margin of 16.57% and a return on equity of 9.38%. On average, sell-side analysts predict 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.