Acadian Asset Management LLC Has $18.25 Million Stock Holdings in Chunghwa Telecom Co., Ltd. $CHT

Key Points

• Acadian Asset Management LLC increased its stake in Chunghwa Telecom by 142.3%, acquiring an additional 273,449 shares for a total of 465,571 shares worth approximately $18.25 million.
• Other institutional investors also raised their holdings in Chunghwa Telecom, with notable increases from firms like D Orazio & Associates and Invesco Ltd..
• Chunghwa Telecom reported a quarterly EPS of $0.43, exceeding expectations, while its stock has ranged from a 12-month low of $36.61 to a high of $47.03.

Acadian Asset Management LLC lifted its position in Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) by 142.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 465,571 shares of the utilities provider's stock after acquiring an additional 273,449 shares during the quarter. Acadian Asset Management LLC owned approximately 0.06% of Chunghwa Telecom worth $18,250,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in shares of Chunghwa Telecom by 66.8% in the first quarter. GAMMA Investing LLC now owns 5,146 shares of the utilities provider's stock valued at $202,000 after purchasing an additional 2,061 shares in the last quarter. BNP Paribas Financial Markets boosted its position 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 acquiring an additional 1,457 shares during the period. Xponance Inc. acquired a new position in shares of Chunghwa Telecom in the 1st quarter valued at about $204,000. Cerity Partners LLC lifted its position in shares of Chunghwa Telecom by 100.3% in the first quarter. Cerity Partners LLC now owns 79,367 shares of the utilities provider's stock worth $3,112,000 after purchasing an additional 39,734 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Chunghwa Telecom by 2.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 16,196 shares of the utilities provider's stock valued at $635,000 after buying an additional 344 shares during the period. 2.11% of the stock is currently owned by hedge funds and other institutional investors.

Chunghwa Telecom Stock Up 0.7%

Shares of NYSE:CHT traded up $0.31 during trading on Wednesday, reaching $44.89. 17,319 shares of the company traded hands, compared to its average volume of 128,243. The firm has a fifty day simple moving average of $44.38 and a 200 day simple moving average of $42.81. The company has a quick ratio of 1.05, a current ratio of 1.15 and a debt-to-equity ratio of 0.06. Chunghwa Telecom Co., Ltd. has a 1-year low of $36.61 and a 1-year high of $47.03. The firm has a market cap of $34.82 billion, a P/E ratio of 29.36 and a beta of 0.27.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $55.92 billion. Chunghwa Telecom had a return on equity of 9.72% and a net margin of 16.27%. Analysts anticipate that Chunghwa Telecom Co., Ltd. will post 1.44 earnings per share for the current fiscal year.

Chunghwa Telecom Company 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.