Chunghwa Telecom Co., Ltd. $CHT Shares Bought by Acadian Asset Management LLC

Acadian Asset Management LLC raised its stake in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 23.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 572,484 shares of the utilities provider’s stock after purchasing an additional 106,913 shares during the period. Acadian Asset Management LLC owned 0.07% of Chunghwa Telecom worth $26,672,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CHT. Ameritas Advisory Services LLC acquired a new position in shares of Chunghwa Telecom during the second quarter valued at approximately $25,000. Westside Investment Management Inc. acquired a new stake in Chunghwa Telecom during the second quarter worth about $34,000. Hantz Financial Services Inc. raised its stake in Chunghwa Telecom by 1,083.1% during the second quarter. Hantz Financial Services Inc. now owns 840 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 769 shares during the period. Cullen Frost Bankers Inc. acquired a new position in Chunghwa Telecom in the 1st quarter valued at about $41,000. Finally, Advisors Asset Management Inc. acquired a new position in Chunghwa Telecom in the 1st quarter valued at about $92,000. Hedge funds and other institutional investors own 2.11% of the company’s stock.

Chunghwa Telecom Price Performance

Chunghwa Telecom stock opened at $42.55 on Tuesday. The company’s 50 day simple moving average is $43.51 and its 200-day simple moving average is $43.98. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.05 and a current ratio of 1.15. Chunghwa Telecom Co., Ltd. has a 1 year low of $36.61 and a 1 year high of $47.03. The company has a market capitalization of $33.01 billion, a price-to-earnings ratio of 27.81 and a beta of 0.28.

Chunghwa Telecom (NYSE:CHT) last posted its earnings results on Thursday, November 6th. The utilities provider reported $0.41 earnings per share for the quarter, meeting the consensus estimate of $0.41. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.93 billion. Chunghwa Telecom had a net margin of 16.27% and a return on equity of 9.72%. As a group, equities research analysts expect that Chunghwa Telecom Co., Ltd. will post 1.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Chunghwa Telecom in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Chunghwa Telecom has an average rating of “Hold”.

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.