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

Key Points

• Ascent Group LLC increased its stake in Chunghwa Telecom by 56.3% during the second quarter, now owning 24,568 shares valued at approximately $1.145 million.
• Other institutional investors, like GAMMA Investing LLC and Rhumbline Advisers, also significantly boosted their positions in Chunghwa Telecom, reflecting growing investor interest in the stock.
• Chunghwa Telecom's shares recently opened at $43.30, with a market cap of $33.63 billion and reporting earnings of $0.43 per share for the last quarter, slightly exceeding estimates.

Ascent Group LLC grew its position in Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) by 56.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,568 shares of the utilities provider's stock after purchasing an additional 8,850 shares during the period. Ascent Group LLC's holdings in Chunghwa Telecom were worth $1,145,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CHT. GAMMA Investing LLC boosted its position in shares of Chunghwa Telecom by 6,440.5% during the first quarter. GAMMA Investing LLC now owns 201,775 shares of the utilities provider's stock worth $7,912,000 after buying an additional 198,690 shares during the period. Rhumbline Advisers raised 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 acquiring an additional 8,859 shares in the last quarter. D Orazio & Associates Inc. grew its stake in shares of Chunghwa Telecom by 4.5% in the first quarter. D Orazio & Associates Inc. now owns 6,008 shares of the utilities provider's stock worth $236,000 after purchasing an additional 259 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Chunghwa Telecom by 17.8% in the first quarter. Blue Trust Inc. now owns 19,453 shares of the utilities provider's stock worth $763,000 after purchasing an additional 2,943 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of Chunghwa Telecom by 18.7% during the first quarter. Sequoia Financial Advisors LLC now owns 29,922 shares of the utilities provider's stock valued at $1,173,000 after purchasing an additional 4,707 shares during the period. Institutional investors and hedge funds own 2.11% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Chunghwa Telecom in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of "Hold".

Chunghwa Telecom Stock Down 0.3%

Shares of CHT stock opened at $43.30 on Monday. 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. The business's fifty day moving average is $44.30 and its 200-day moving average is $43.27. The stock has a market cap of $33.63 billion, a PE ratio of 28.30 and a beta of 0.26.

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 for the quarter, beating 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%. Equities analysts expect that Chunghwa Telecom Co., Ltd. will post 1.44 earnings per share 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.

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