Quantinno Capital Management LP Raises Stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Quantinno Capital Management LP increased its holdings in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) by 46.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 29,190 shares of the utilities provider's stock after acquiring an additional 9,219 shares during the period. Quantinno Capital Management LP's holdings in Chunghwa Telecom were worth $1,099,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CHT. Sierra Ocean LLC purchased a new stake in Chunghwa Telecom in the fourth quarter worth $54,000. BNP Paribas Financial Markets increased its stake in Chunghwa Telecom by 617.4% in the 4th quarter. BNP Paribas Financial Markets now owns 1,693 shares of the utilities provider's stock worth $64,000 after buying an additional 1,457 shares during the period. GeoWealth Management LLC bought a new stake in Chunghwa Telecom during the 4th quarter valued at about $117,000. R Squared Ltd purchased a new stake in Chunghwa Telecom in the 4th quarter valued at about $127,000. Finally, V Square Quantitative Management LLC grew its stake in Chunghwa Telecom by 31.0% in the 4th quarter. V Square Quantitative Management LLC now owns 4,065 shares of the utilities provider's stock worth $153,000 after acquiring an additional 961 shares in the last quarter. 2.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Chunghwa Telecom from a "buy" rating to a "hold" rating in a research report on Monday, April 14th.

Chunghwa Telecom Stock Performance

NYSE CHT traded up $0.00 on Wednesday, hitting $44.24. 6,401 shares of the company's stock traded hands, compared to its average volume of 108,750. The firm has a market capitalization of $34.32 billion, a PE ratio of 29.72, a P/E/G ratio of 21.42 and a beta of 0.21. Chunghwa Telecom Co., Ltd. has a 1-year low of $35.92 and a 1-year high of $44.44. The firm's 50-day moving average price is $40.84 and its two-hundred day moving average price is $39.18. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 0.06.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last announced its earnings results on Thursday, May 8th. The utilities provider reported $0.38 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.38. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $56.11 billion. Chunghwa Telecom had a return on equity of 9.53% and a net margin of 16.18%. As a group, analysts expect that Chunghwa Telecom Co., Ltd. will post 1.44 EPS for the current year.

Chunghwa Telecom 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.