Quadrant Capital Group LLC Cuts Stock Holdings in Chunghwa Telecom Co., Ltd. $CHT

Quadrant Capital Group LLC trimmed its stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 15.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,845 shares of the utilities provider’s stock after selling 9,099 shares during the period. Quadrant Capital Group LLC’s holdings in Chunghwa Telecom were worth $2,277,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Ameritas Advisory Services LLC purchased a new position in Chunghwa Telecom in the 2nd quarter worth approximately $25,000. Westside Investment Management Inc. bought a new stake in shares of Chunghwa Telecom during the 2nd quarter worth $34,000. Hantz Financial Services Inc. grew its position in Chunghwa Telecom by 1,083.1% in the second quarter. Hantz Financial Services Inc. now owns 840 shares of the utilities provider’s stock worth $39,000 after acquiring an additional 769 shares in the last quarter. Advisors Asset Management Inc. bought a new position in Chunghwa Telecom in the first quarter valued at $92,000. Finally, Allworth Financial LP increased its stake in Chunghwa Telecom by 125.9% in the second quarter. Allworth Financial LP now owns 2,370 shares of the utilities provider’s stock valued at $110,000 after acquiring an additional 1,321 shares during the last quarter. 2.11% of the stock is currently owned by institutional investors.

Chunghwa Telecom Trading Up 0.3%

Shares of CHT stock opened at $41.90 on Friday. The business has a 50-day moving average of $42.90 and a 200 day moving average of $43.99. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.15 and a quick ratio of 1.05. Chunghwa Telecom Co., Ltd. has a 1-year low of $36.61 and a 1-year high of $47.03. The stock has a market capitalization of $32.50 billion, a PE ratio of 27.39 and a beta of 0.28.

Chunghwa Telecom (NYSE:CHT) last announced its quarterly earnings results on Thursday, November 6th. The utilities provider reported $0.41 EPS for the quarter, hitting analysts’ consensus estimates of $0.41. Chunghwa Telecom had a return on equity of 9.72% and a net margin of 16.27%.The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.93 billion. As a group, sell-side analysts anticipate that Chunghwa Telecom Co., Ltd. will post 1.44 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Chunghwa Telecom in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Chunghwa Telecom Company 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.