Acadian Asset Management LLC Boosts Stock Position 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 increased its stake in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) by 142.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 465,571 shares of the utilities provider's stock after purchasing an additional 273,449 shares during the quarter. Acadian Asset Management LLC owned 0.06% of Chunghwa Telecom worth $18,250,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CHT. Mercer Global Advisors Inc. ADV acquired a new position in Chunghwa Telecom during the 4th quarter worth $266,000. BNP Paribas Financial Markets grew 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 purchasing an additional 1,457 shares in the last quarter. Quantinno Capital Management LP grew its stake in Chunghwa Telecom by 46.2% during the 4th quarter. Quantinno Capital Management LP now owns 29,190 shares of the utilities provider's stock worth $1,099,000 after purchasing an additional 9,219 shares in the last quarter. Vident Advisory LLC grew its stake in Chunghwa Telecom by 80.9% during the 4th quarter. Vident Advisory LLC now owns 138,978 shares of the utilities provider's stock worth $5,233,000 after purchasing an additional 62,147 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in Chunghwa Telecom by 15.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 119,556 shares of the utilities provider's stock worth $4,501,000 after purchasing an additional 16,325 shares in the last quarter. 2.11% of the stock is owned by institutional investors and hedge funds.

Chunghwa Telecom Stock Down 0.9%

Shares of NYSE:CHT traded down $0.39 on Tuesday, hitting $44.61. 64,518 shares of the company's stock were exchanged, compared to its average volume of 128,527. The firm's 50-day moving average is $44.38 and its 200 day moving average is $42.79. The company has a market capitalization of $34.60 billion, a PE ratio of 29.15 and a beta of 0.27. Chunghwa Telecom Co., Ltd. has a 1-year low of $36.61 and a 1-year high of $47.03. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.05 and a current ratio of 1.15.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last released 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 analysts' expectations of $55.92 billion. Chunghwa Telecom had a return on equity of 9.72% and a net margin of 16.27%. Sell-side 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.