Catalina Capital Group LLC Purchases 3,540 Shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Catalina Capital Group LLC grew its stake in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 59.8% during the fourth quarter, HoldingsChannel reports. The firm owned 9,456 shares of the utilities provider’s stock after purchasing an additional 3,540 shares during the quarter. Catalina Capital Group LLC’s holdings in Chunghwa Telecom were worth $356,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in CHT. Allworth Financial LP lifted its holdings in shares of Chunghwa Telecom by 40.5% during the third quarter. Allworth Financial LP now owns 919 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 265 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in Chunghwa Telecom by 4.2% in the 4th quarter. Sivia Capital Partners LLC now owns 9,785 shares of the utilities provider’s stock valued at $368,000 after acquiring an additional 391 shares during the last quarter. OneDigital Investment Advisors LLC grew its holdings in shares of Chunghwa Telecom by 6.2% in the third quarter. OneDigital Investment Advisors LLC now owns 7,964 shares of the utilities provider’s stock valued at $316,000 after purchasing an additional 468 shares in the last quarter. First Affirmative Financial Network raised its position in Chunghwa Telecom by 2.1% during the fourth quarter. First Affirmative Financial Network now owns 31,156 shares of the utilities provider’s stock valued at $1,173,000 after purchasing an additional 655 shares during the period. Finally, Atomi Financial Group Inc. boosted its stake in shares of Chunghwa Telecom by 17.6% during the 4th quarter. Atomi Financial Group Inc. now owns 7,616 shares of the utilities provider’s stock worth $287,000 after purchasing an additional 1,140 shares during the period. 2.11% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Chunghwa Telecom from a “hold” rating to a “buy” rating in a report on Friday, January 24th.

Chunghwa Telecom Price Performance

Shares of CHT opened at $38.52 on Tuesday. The company’s fifty day moving average price is $38.03 and its 200-day moving average price is $38.12. Chunghwa Telecom Co., Ltd. has a 1-year low of $35.92 and a 1-year high of $40.62. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.47 and a quick ratio of 1.29. The firm has a market capitalization of $29.88 billion, a PE ratio of 25.85, a price-to-earnings-growth ratio of 21.41 and a beta of 0.20.

Chunghwa Telecom (NYSE:CHT) last issued its earnings results on Thursday, January 23rd. The utilities provider reported $0.36 EPS for the quarter. Chunghwa Telecom had a return on equity of 9.53% and a net margin of 16.18%. On average, equities research analysts predict that Chunghwa Telecom Co., Ltd. will post 1.44 EPS for the current year.

Chunghwa Telecom 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.