Parallel Advisors LLC lowered its position in Chunghwa Telecom Co., Ltd (NYSE:CHT) by 30.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,299 shares of the utilities provider’s stock after selling 2,757 shares during the quarter. Parallel Advisors LLC’s holdings in Chunghwa Telecom were worth $225,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Morgan Stanley lifted its holdings in Chunghwa Telecom by 163.4% in the 2nd quarter. Morgan Stanley now owns 47,733 shares of the utilities provider’s stock worth $1,744,000 after buying an additional 29,608 shares in the last quarter. Wetherby Asset Management Inc. lifted its holdings in Chunghwa Telecom by 11.3% in the 2nd quarter. Wetherby Asset Management Inc. now owns 48,618 shares of the utilities provider’s stock worth $1,777,000 after buying an additional 4,921 shares in the last quarter. Ballentine Partners LLC acquired a new position in Chunghwa Telecom in the 2nd quarter worth $204,000. Acadian Asset Management LLC lifted its holdings in Chunghwa Telecom by 305.9% in the 2nd quarter. Acadian Asset Management LLC now owns 26,319 shares of the utilities provider’s stock worth $962,000 after buying an additional 19,835 shares in the last quarter. Finally, Aperio Group LLC lifted its holdings in Chunghwa Telecom by 5.4% in the 2nd quarter. Aperio Group LLC now owns 1,368,387 shares of the utilities provider’s stock worth $50,001,000 after buying an additional 70,050 shares in the last quarter. Hedge funds and other institutional investors own 2.74% of the company’s stock.
CHT stock traded up $0.11 during trading on Friday, reaching $37.42. The stock had a trading volume of 51,430 shares, compared to its average volume of 72,161. The firm has a fifty day moving average price of $36.40 and a 200 day moving average price of $35.71. The company has a market capitalization of $28.70 billion, a P/E ratio of 26.81 and a beta of 0.12. Chunghwa Telecom Co., Ltd has a 1-year low of $33.61 and a 1-year high of $37.42. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 0.02.
Chunghwa Telecom Company Profile
Chunghwa Telecom Co, Ltd. provides telecommunication services in Taiwan. It operates through Domestic Fixed Communications Business, Mobile Communications Business, Internet Business, International Fixed Communications Business, and Other Business segments. It offers local and domestic long distance telephone and leased line, broadband access, Wi-Fi, and multimedia on demand services; information and communication technology (ICT), corporate, and bill handling services; and interconnection with its fixed-line network to other mobile and fixed-line operators.
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