Connor Clark & Lunn Investment Management Ltd. Boosts Stock Holdings in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 120.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 915,853 shares of the utilities provider’s stock after buying an additional 500,475 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.12% of Chunghwa Telecom worth $36,332,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sei Investments Co. grew its position in shares of Chunghwa Telecom by 10.7% in the first quarter. Sei Investments Co. now owns 40,796 shares of the utilities provider’s stock valued at $1,597,000 after purchasing an additional 3,950 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in Chunghwa Telecom by 27.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 105,189 shares of the utilities provider’s stock valued at $4,117,000 after acquiring an additional 22,835 shares in the last quarter. Ascent Group LLC increased its holdings in Chunghwa Telecom by 27.4% during the 1st quarter. Ascent Group LLC now owns 9,462 shares of the utilities provider’s stock worth $370,000 after acquiring an additional 2,036 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Chunghwa Telecom by 80.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,345 shares of the utilities provider’s stock worth $126,000 after acquiring an additional 1,488 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Chunghwa Telecom by 14.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,543 shares of the utilities provider’s stock valued at $98,000 after purchasing an additional 317 shares during the period. 2.11% of the stock is owned by institutional investors.

Chunghwa Telecom Stock Up 0.5 %

CHT stock opened at $38.04 on Wednesday. The company’s 50 day moving average is $38.46 and its 200 day moving average is $38.31. The stock has a market cap of $29.51 billion, a price-to-earnings ratio of 26.05, a price-to-earnings-growth ratio of 18.28 and a beta of 0.19. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 0.06. Chunghwa Telecom Co., Ltd. has a 1-year low of $35.92 and a 1-year high of $40.62.

Analyst Upgrades and Downgrades

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

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.