Chunghwa Telecom Co., Ltd. $CHT Shares Bought by Rhumbline Advisers

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 raised its stake in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) by 3.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Cullen Frost Bankers Inc. acquired a new stake in shares of Chunghwa Telecom during the 1st quarter valued at $41,000. BNP Paribas Financial Markets boosted its holdings in shares of Chunghwa Telecom by 617.4% during the fourth 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 during the period. Advisors Asset Management Inc. purchased a new position in shares of Chunghwa Telecom during the 1st quarter valued at $92,000. SVB Wealth LLC purchased a new position in Chunghwa Telecom in the first quarter valued at about $120,000. Finally, GAMMA Investing LLC increased its holdings in Chunghwa Telecom by 66.8% in the first quarter. GAMMA Investing LLC now owns 5,146 shares of the utilities provider's stock worth $202,000 after buying an additional 2,061 shares during the last quarter. Institutional investors own 2.11% of the company's stock.

Chunghwa Telecom Stock Up 0.2%

CHT stock opened at $44.47 on Thursday. The firm has a market cap of $34.50 billion, a PE ratio of 29.07 and a beta of 0.27. The company has a fifty day simple moving average of $44.39 and a 200 day simple moving average of $42.62. Chunghwa Telecom Co., Ltd. has a 1 year low of $36.61 and a 1 year high of $47.03. The company has a current ratio of 1.15, a quick ratio of 1.05 and a debt-to-equity ratio of 0.06.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.01. Chunghwa Telecom had a return on equity of 9.72% and a net margin of 16.27%.The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $55.92 billion. Sell-side analysts anticipate 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.

Want to see what other hedge funds are holding CHT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.