Rhumbline Advisers Has $10.37 Million Stake in Chunghwa Telecom Co., Ltd. $CHT

Key Points

• Rhumbline Advisers increased its stake in Chunghwa Telecom Co., Ltd. by 3.5%, owning 264,373 shares valued at over $10 million according to its latest SEC filing.
• Several institutional investors made significant changes to their holdings in Chunghwa Telecom during the first quarter, including Cullen Frost Bankers and GAMMA Investing LLC.
• Chunghwa Telecom reported an EPS of $0.43 for the last quarter, surpassing analysts' expectations, with a revenue of $1.90 billion.

Rhumbline Advisers increased its position in Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) by 3.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 264,373 shares of the utilities provider's stock after buying an additional 8,859 shares during the period. Rhumbline Advisers' holdings in Chunghwa Telecom were worth $10,366,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of Chunghwa Telecom by 66.8% in the 1st quarter. GAMMA Investing LLC now owns 5,146 shares of the utilities provider's stock valued at $202,000 after buying an additional 2,061 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Chunghwa Telecom by 617.4% in the 4th quarter. BNP Paribas Financial Markets now owns 1,693 shares of the utilities provider's stock valued at $64,000 after buying an additional 1,457 shares during the period. Xponance Inc. acquired a new stake in shares of Chunghwa Telecom in the 1st quarter valued at about $204,000. Cerity Partners LLC grew its stake in shares of Chunghwa Telecom by 100.3% in the 1st quarter. Cerity Partners LLC now owns 79,367 shares of the utilities provider's stock valued at $3,112,000 after buying an additional 39,734 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in shares of 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 institutional investors and hedge funds.

Chunghwa Telecom Stock Down 0.7%

Shares of CHT traded down $0.31 during trading hours on Tuesday, hitting $44.68. The stock had a trading volume of 36,438 shares, compared to its average volume of 128,387. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.15 and a quick ratio of 1.05. The firm has a 50 day simple moving average of $44.38 and a 200-day simple moving average of $42.79. The firm has a market capitalization of $34.66 billion, a P/E ratio of 29.20 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.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last issued its earnings results on Tuesday, August 5th. The utilities provider reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate 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 fiscal year.

About Chunghwa Telecom

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.