Chunghwa Telecom Co., Ltd. $CHT Holdings Increased by Ascent Group LLC

Key Points

• Ascent Group LLC has increased its stake in Chunghwa Telecom by 120.3%, acquiring an additional 8,584 shares to total 15,718 shares valued at approximately $616,000.
• Other institutional investors have also significantly increased their holdings, with GAMMA Investing LLC raising their stake by 6,440.5% and Connor Clark & Lunn Investment Management Ltd. growing theirs by 15.0%.
• Chunghwa Telecom's stock recently opened at $44.47, with a market capitalization of $34.50 billion and an earnings report indicating an EPS of $0.43, slightly above analyst expectations.

Ascent Group LLC boosted its stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) by 120.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,718 shares of the utilities provider's stock after buying an additional 8,584 shares during the period. Ascent Group LLC's holdings in Chunghwa Telecom were worth $616,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CHT. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Chunghwa Telecom by 15.0% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,116,747 shares of the utilities provider's stock valued at $43,788,000 after acquiring an additional 145,984 shares during the period. American Century Companies Inc. lifted its position in Chunghwa Telecom by 9.8% in the 1st quarter. American Century Companies Inc. now owns 280,185 shares of the utilities provider's stock valued at $10,986,000 after purchasing an additional 25,063 shares during the last quarter. Rhumbline Advisers boosted its stake in Chunghwa Telecom by 3.5% during the 1st quarter. Rhumbline Advisers now owns 264,373 shares of the utilities provider's stock valued at $10,366,000 after purchasing an additional 8,859 shares during the period. GAMMA Investing LLC grew its position in Chunghwa Telecom by 6,440.5% in the 1st quarter. GAMMA Investing LLC now owns 201,775 shares of the utilities provider's stock worth $7,912,000 after purchasing an additional 198,690 shares during the last quarter. Finally, Vident Advisory LLC increased its stake in shares of Chunghwa Telecom by 80.9% in the fourth quarter. Vident Advisory LLC now owns 138,978 shares of the utilities provider's stock valued at $5,233,000 after purchasing an additional 62,147 shares during the period. 2.11% of the stock is currently owned by institutional investors.

Chunghwa Telecom Stock Performance

Shares of CHT traded down $0.06 during mid-day trading on Friday, reaching $44.92. 134,649 shares of the company's stock traded hands, compared to its average volume of 107,805. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.05 and a current ratio of 1.15. The business's 50-day moving average price is $44.37 and its 200-day moving average price is $42.70. The stock has a market capitalization of $34.85 billion, a P/E ratio of 29.36 and a beta of 0.27. Chunghwa Telecom Co., Ltd. has a 12 month low of $36.61 and a 12 month high of $47.03.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%. Equities analysts predict that Chunghwa Telecom Co., Ltd. will post 1.44 earnings per share for the current 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.