Driehaus Capital Management LLC Decreases Stock Position in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Driehaus Capital Management LLC decreased its holdings in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) by 53.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,471 shares of the utilities provider's stock after selling 42,100 shares during the period. Driehaus Capital Management LLC's holdings in Chunghwa Telecom were worth $1,373,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Sierra Ocean LLC acquired a new position in Chunghwa Telecom during the 4th quarter worth approximately $54,000. BNP Paribas Financial Markets raised its stake in Chunghwa Telecom by 617.4% during the 4th quarter. BNP Paribas Financial Markets now owns 1,693 shares of the utilities provider's stock worth $64,000 after buying an additional 1,457 shares during the period. GAMMA Investing LLC raised its stake in Chunghwa Telecom by 71.4% during the 4th quarter. GAMMA Investing LLC now owns 3,085 shares of the utilities provider's stock worth $116,000 after buying an additional 1,285 shares during the period. GeoWealth Management LLC acquired a new position in Chunghwa Telecom during the 4th quarter worth approximately $117,000. Finally, R Squared Ltd acquired a new position in Chunghwa Telecom during the 4th quarter worth approximately $127,000. Institutional investors own 2.11% of the company's stock.

Chunghwa Telecom Stock Performance

Shares of Chunghwa Telecom stock traded up $0.73 during trading hours on Thursday, reaching $43.43. The company had a trading volume of 50,071 shares, compared to its average volume of 106,148. Chunghwa Telecom Co., Ltd. has a one year low of $35.92 and a one year high of $44.36. The business has a fifty day simple moving average of $39.95 and a 200 day simple moving average of $38.79. 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 cap of $33.69 billion, a PE ratio of 29.16, a price-to-earnings-growth ratio of 21.42 and a beta of 0.21.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.38 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.38. Chunghwa Telecom had a return on equity of 9.53% and a net margin of 16.18%. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $56.11 billion. On average, analysts anticipate that Chunghwa Telecom Co., Ltd. will post 1.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Chunghwa Telecom from a "buy" rating to a "hold" rating in a research note on Monday, April 14th.

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.