Chunghwa Telecom Co., Ltd. (NYSE:CHT) Shares Sold by Pathstone Holdings LLC

Pathstone Holdings LLC lessened its stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 2.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 44,120 shares of the utilities provider’s stock after selling 1,101 shares during the period. Pathstone Holdings LLC’s holdings in Chunghwa Telecom were worth $1,750,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP boosted its position in Chunghwa Telecom by 40.5% in the 3rd quarter. Allworth Financial LP now owns 919 shares of the utilities provider’s stock valued at $36,000 after buying an additional 265 shares during the period. GAMMA Investing LLC boosted its position in Chunghwa Telecom by 14.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,543 shares of the utilities provider’s stock valued at $98,000 after buying an additional 317 shares during the period. V Square Quantitative Management LLC purchased a new position in Chunghwa Telecom in the 2nd quarter valued at approximately $120,000. EverSource Wealth Advisors LLC boosted its position in Chunghwa Telecom by 80.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,345 shares of the utilities provider’s stock valued at $126,000 after buying an additional 1,488 shares during the period. Finally, CWM LLC boosted its position in 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 buying an additional 830 shares during the period. Institutional investors and hedge funds own 2.11% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Chunghwa Telecom Price Performance

Chunghwa Telecom stock opened at $38.30 on Thursday. The stock has a market cap of $29.71 billion, a P/E ratio of 26.23, a price-to-earnings-growth ratio of 18.55 and a beta of 0.19. The company has a fifty day simple moving average of $38.34 and a 200-day simple moving average of $38.30. Chunghwa Telecom Co., Ltd. has a 12-month low of $35.92 and a 12-month high of $40.62. 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 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.