Chunghwa Telecom Co., Ltd. (NYSE:CHT) Shares Purchased by Lindbrook Capital LLC

Lindbrook Capital LLC grew its stake in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 35.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,257 shares of the utilities provider’s stock after acquiring an additional 1,379 shares during the quarter. Lindbrook Capital LLC’s holdings in Chunghwa Telecom were worth $198,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Chunghwa Telecom by 120.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 915,853 shares of the utilities provider’s stock worth $36,332,000 after buying an additional 500,475 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Chunghwa Telecom in the 3rd quarter worth approximately $4,095,000. Ballentine Partners LLC increased its holdings in Chunghwa Telecom by 66.8% in the 4th quarter. Ballentine Partners LLC now owns 42,383 shares of the utilities provider’s stock worth $1,596,000 after buying an additional 16,977 shares during the period. Blue Trust Inc. increased its holdings in Chunghwa Telecom by 35.8% in the 4th quarter. Blue Trust Inc. now owns 50,088 shares of the utilities provider’s stock worth $1,987,000 after buying an additional 13,195 shares during the period. Finally, Kathmere Capital Management LLC increased its holdings in Chunghwa Telecom by 59.5% in the 4th quarter. Kathmere Capital Management LLC now owns 34,401 shares of the utilities provider’s stock worth $1,295,000 after buying an additional 12,828 shares during the period. Institutional investors and hedge funds own 2.11% of the company’s stock.

Chunghwa Telecom Price Performance

Shares of NYSE:CHT opened at $39.16 on Friday. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 0.06. Chunghwa Telecom Co., Ltd. has a twelve month low of $35.92 and a twelve month high of $40.62. The company’s 50 day moving average is $38.33 and its 200 day moving average is $38.38. The company has a market cap of $30.37 billion, a PE ratio of 26.28, a price-to-earnings-growth ratio of 21.42 and a beta of 0.20.

Chunghwa Telecom (NYSE:CHT) last released its quarterly earnings data on Thursday, January 23rd. The utilities provider reported $0.36 EPS for the quarter. Chunghwa Telecom had a return on equity of 9.53% and a net margin of 16.18%. On average, sell-side analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.44 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Chunghwa Telecom from a “buy” rating to a “hold” rating in a report on Saturday.

Chunghwa Telecom 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.