Nykredit A S Invests $2.08 Million in Chunghwa Telecom Co., Ltd. $CHT

Key Points

• Nykredit A/S acquired 46,889 shares of Chunghwa Telecom during the second quarter, valued at approximately $2.08 million. Other institutional investors also increased or initiated positions, though institutional ownership remains modest at 2.11%.
• Analyst sentiment is cautious: Zacks Research downgraded the stock to “strong sell,” while Weiss Ratings maintained a “hold” rating. MarketBeat reports an average rating of “Reduce.”
• Chunghwa Telecom reported quarterly revenue of $1.93 billion and earnings of $0.43 per share. Shares opened at $43.83, within a 52-week range of $39.28 to $46.48.

Nykredit A S purchased a new position in Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 46,889 shares of the utilities provider's stock, valued at approximately $2,075,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CHT. B. Metzler seel. Sohn & Co. AG lifted its stake in Chunghwa Telecom by 1.0% during the second quarter. B. Metzler seel. Sohn & Co. AG now owns 163,363 shares of the utilities provider's stock worth $7,230,000 after purchasing an additional 1,578 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Chunghwa Telecom during the 2nd quarter worth approximately $3,625,000. Parallel Advisors LLC lifted its stake in Chunghwa Telecom by 19.4% in the 1st quarter. Parallel Advisors LLC now owns 28,243 shares of the utilities provider's stock valued at $1,193,000 after purchasing an additional 4,585 shares during the last quarter. Keel Point LLC acquired a new stake in Chunghwa Telecom in the first quarter valued at approximately $228,000. Finally, Glenmede Trust Co. NA bought a new stake in shares of Chunghwa Telecom during the first quarter worth $218,000. Institutional investors and hedge funds own 2.11% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on CHT. Zacks Research downgraded Chunghwa Telecom from a "hold" rating to a "strong sell" rating in a report on Wednesday, July 22nd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Chunghwa Telecom in a report on Friday, July 17th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Reduce".

Chunghwa Telecom Price Performance

Shares of CHT opened at $43.83 on Tuesday. The firm has a market cap of $34.00 billion, a PE ratio of 26.56, a price-to-earnings-growth ratio of 1.98 and a beta of 0.29. Chunghwa Telecom Co., Ltd. has a 52-week low of $39.28 and a 52-week high of $46.48. The business's 50 day moving average price is $42.87 and its two-hundred day moving average price is $43.31. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.07 and a current ratio of 1.22.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last issued its earnings results on Tuesday, June 30th. The utilities provider reported $0.43 earnings per share for the quarter. Chunghwa Telecom had a return on equity of 10.00% and a net margin of 16.11%.The company had revenue of $1.93 billion for the quarter. On average, equities analysts anticipate that Chunghwa Telecom Co., Ltd. will post 1.53 EPS for the current year.

Chunghwa Telecom Profile

Chunghwa Telecom Co, Ltd. is the largest integrated telecommunications service provider in Taiwan, serving both consumer and enterprise customers across the island and through international telecommunications links. The company offers a full range of voice, data and multimedia services and operates as the incumbent fixed-line operator while also competing in mobile, broadband and enterprise markets. Its network footprint and traffic interchange capabilities support domestic communications and cross-border connectivity for carriers and multinational businesses.

Chunghwa Telecom's product and service portfolio includes fixed-line telephony, mobile services (including 4G and 5G wireless access), broadband internet (DSL and fiber-to-the-home), and IPTV.

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