GAMMA Investing LLC Cuts Stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

GAMMA Investing LLC cut its holdings in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 29.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,800 shares of the utilities provider’s stock after selling 743 shares during the quarter. GAMMA Investing LLC’s holdings in Chunghwa Telecom were worth $71,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CHT. Centaurus Financial Inc. purchased a new stake in shares of Chunghwa Telecom in the 4th quarter worth approximately $102,000. V Square Quantitative Management LLC bought a new stake in Chunghwa Telecom during the 2nd quarter valued at $120,000. EverSource Wealth Advisors LLC boosted its position in Chunghwa Telecom by 80.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,345 shares of the utilities provider’s stock valued at $126,000 after acquiring an additional 1,488 shares in the last quarter. CWM LLC increased its holdings in shares of Chunghwa Telecom by 31.8% in the 2nd quarter. CWM LLC now owns 3,443 shares of the utilities provider’s stock valued at $133,000 after acquiring an additional 830 shares during the period. Finally, Simplicity Wealth LLC raised its position in shares of Chunghwa Telecom by 8.4% in the 2nd quarter. Simplicity Wealth LLC now owns 5,755 shares of the utilities provider’s stock worth $222,000 after acquiring an additional 445 shares in the last quarter. 2.11% of the stock is currently owned by institutional investors.

Chunghwa Telecom Trading Up 0.7 %

NYSE:CHT opened at $38.22 on Wednesday. The stock has a market capitalization of $29.65 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 18.20 and a beta of 0.19. Chunghwa Telecom Co., Ltd. has a 52 week low of $35.44 and a 52 week high of $40.62. The company has a quick ratio of 1.16, a current ratio of 1.28 and a debt-to-equity ratio of 0.08. The firm has a 50 day moving average of $38.69 and a 200 day moving average of $38.42.

Chunghwa Telecom (NYSE:CHT) last issued its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $0.39 earnings per share (EPS) for the quarter. The business had revenue of $1.67 billion for the quarter. Chunghwa Telecom had a return on equity of 9.27% and a net margin of 16.27%. As a group, sell-side analysts anticipate that Chunghwa Telecom Co., Ltd. will post 1.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lowered Chunghwa Telecom from an “overweight” rating to a “neutral” rating in a research note on Tuesday, August 6th.

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.