Sivia Capital Partners LLC Cuts Stock Position in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Sivia Capital Partners LLC decreased its stake in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 8.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,394 shares of the utilities provider’s stock after selling 828 shares during the quarter. Sivia Capital Partners LLC’s holdings in Chunghwa Telecom were worth $373,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CHT. GAMMA Investing LLC boosted its stake in Chunghwa Telecom by 50.2% in the 1st quarter. GAMMA Investing LLC now owns 2,226 shares of the utilities provider’s stock worth $87,000 after purchasing an additional 744 shares in the last quarter. Centaurus Financial Inc. bought a new position in shares of Chunghwa Telecom in the fourth quarter worth approximately $102,000. V Square Quantitative Management LLC bought a new position in shares of Chunghwa Telecom in the second quarter worth approximately $120,000. EverSource Wealth Advisors LLC grew its holdings in shares of Chunghwa Telecom by 80.1% during the first 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 last quarter. Finally, CWM LLC increased its position in shares of Chunghwa Telecom by 31.8% during the second quarter. CWM LLC now owns 3,443 shares of the utilities provider’s stock valued at $133,000 after acquiring an additional 830 shares in the last quarter. 2.11% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Chunghwa Telecom Stock Performance

Shares of CHT traded up $0.30 during mid-day trading on Monday, hitting $37.92. 50,894 shares of the company traded hands, compared to its average volume of 81,565. The stock has a market cap of $29.42 billion, a price-to-earnings ratio of 25.08, a P/E/G ratio of 18.20 and a beta of 0.19. The stock has a 50-day moving average price of $38.66 and a two-hundred day moving average price of $38.44. Chunghwa Telecom Co., Ltd. has a 1 year low of $35.44 and a 1 year high of $40.62. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.16 and a current ratio of 1.28.

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

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.