Kayne Anderson Rudnick Investment Management LLC Sells 3,486 Shares of Chunghwa Telecom Co., Ltd (NYSE:CHT)

Kayne Anderson Rudnick Investment Management LLC lowered its holdings in Chunghwa Telecom Co., Ltd (NYSE:CHT) by 12.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,567 shares of the utilities provider’s stock after selling 3,486 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in Chunghwa Telecom were worth $873,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Lindbrook Capital LLC bought a new stake in shares of Chunghwa Telecom in the 4th quarter worth approximately $35,000. Citigroup Inc. bought a new stake in shares of Chunghwa Telecom during the fourth quarter valued at approximately $119,000. BNP Paribas Arbitrage SA boosted its position in shares of Chunghwa Telecom by 31.1% during the first quarter. BNP Paribas Arbitrage SA now owns 5,533 shares of the utilities provider’s stock valued at $197,000 after purchasing an additional 1,313 shares in the last quarter. Advisor Partners LLC boosted its position in shares of Chunghwa Telecom by 9.5% during the first quarter. Advisor Partners LLC now owns 8,451 shares of the utilities provider’s stock valued at $300,000 after purchasing an additional 735 shares in the last quarter. Finally, Henry James International Management Inc. bought a new stake in shares of Chunghwa Telecom during the fourth quarter valued at approximately $394,000. 2.35% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CHT stock traded up $0.01 during mid-day trading on Thursday, hitting $36.73. The company’s stock had a trading volume of 66,128 shares, compared to its average volume of 71,447. Chunghwa Telecom Co., Ltd has a 52-week low of $34.02 and a 52-week high of $36.92. The company has a 50-day moving average of $36.26. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.43 and a current ratio of 1.66. The firm has a market capitalization of $28.49 billion, a PE ratio of 24.82 and a beta of 0.14.

Chunghwa Telecom (NYSE:CHT) last posted its quarterly earnings results on Monday, April 29th. The utilities provider reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.01. Chunghwa Telecom had a return on equity of 9.24% and a net margin of 16.58%. The firm had revenue of $1.66 billion during the quarter.

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

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