Crow Point Partners LLC Sells 169,236 Shares of Chunghwa Telecom Co., Ltd. (CHT)

Crow Point Partners LLC lowered its holdings in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 34.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 326,013 shares of the utilities provider’s stock after selling 169,236 shares during the period. Chunghwa Telecom Co. accounts for 1.8% of Crow Point Partners LLC’s investment portfolio, making the stock its 19th largest holding. Crow Point Partners LLC’s holdings in Chunghwa Telecom Co. were worth $11,032,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Parallel Advisors LLC raised its position in Chunghwa Telecom Co. by 3.5% during the 2nd quarter. Parallel Advisors LLC now owns 8,929 shares of the utilities provider’s stock worth $302,000 after buying an additional 303 shares during the last quarter. Lazard Asset Management LLC increased its holdings in shares of Chunghwa Telecom Co. by 3.3% in the 2nd quarter. Lazard Asset Management LLC now owns 12,765 shares of the utilities provider’s stock valued at $449,000 after purchasing an additional 406 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Chunghwa Telecom Co. by 16.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,258 shares of the utilities provider’s stock valued at $220,000 after purchasing an additional 875 shares in the last quarter. Commonwealth Bank of Australia increased its holdings in shares of Chunghwa Telecom Co. by 9.1% in the 2nd quarter. Commonwealth Bank of Australia now owns 10,644 shares of the utilities provider’s stock valued at $374,000 after purchasing an additional 886 shares in the last quarter. Finally, Wetherby Asset Management Inc. increased its holdings in shares of Chunghwa Telecom Co. by 2.8% in the 2nd quarter. Wetherby Asset Management Inc. now owns 36,659 shares of the utilities provider’s stock valued at $1,291,000 after purchasing an additional 998 shares in the last quarter. Hedge funds and other institutional investors own 3.21% of the company’s stock.

Separately, BidaskClub downgraded shares of Chunghwa Telecom Co. from a “hold” rating to a “sell” rating in a report on Thursday, July 27th.

Chunghwa Telecom Co., Ltd. (CHT) traded up 0.89% during trading on Friday, reaching $33.99. 331,332 shares of the company’s stock traded hands. The company has a 50-day moving average of $34.09 and a 200 day moving average of $34.58. Chunghwa Telecom Co., Ltd. has a 12 month low of $31.28 and a 12 month high of $36.37. The stock has a market capitalization of $26.37 billion, a P/E ratio of 20.98 and a beta of 0.30.

Chunghwa Telecom Co. (NYSE:CHT) last posted its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.04. Chunghwa Telecom Co. had a return on equity of 10.26% and a net margin of 16.49%. The firm had revenue of $1.84 billion during the quarter. On average, equities research analysts expect that Chunghwa Telecom Co., Ltd. will post $1.66 earnings per share for the current fiscal year.

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Chunghwa Telecom Co. Company Profile

Chunghwa Telecom Co, Ltd. provides telecommunication services. The Company’s segments include Domestic fixed communications business, which is engaged in the provision of local telephone services, domestic long distance telephone services, broadband access and related services; Mobile communications business, which is engaged in the provision of mobile services, sales of mobile handsets and data cards, and related services; Internet business, which is engaged in the provision of HiNet services and related services; International fixed communications business, which includes international long distance telephone services, international leased line services, international data services, satellite services, and information and communication technology (ICT) and other international services, and Others, which is engaged in the provision of non-telecom services.

Institutional Ownership by Quarter for Chunghwa Telecom Co. (NYSE:CHT)

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