Profund Advisors LLC Raises Stake in Chunghwa Telecom Co., Ltd. $CHT

Profund Advisors LLC grew its position in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 16.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,898 shares of the utilities provider’s stock after purchasing an additional 1,239 shares during the quarter. Profund Advisors LLC’s holdings in Chunghwa Telecom were worth $415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Acadian Asset Management LLC lifted its stake in shares of Chunghwa Telecom by 142.3% during the 1st quarter. Acadian Asset Management LLC now owns 465,571 shares of the utilities provider’s stock valued at $18,250,000 after buying an additional 273,449 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Chunghwa Telecom by 15.0% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,116,747 shares of the utilities provider’s stock valued at $43,788,000 after acquiring an additional 145,984 shares during the period. Morningstar Investment Management LLC purchased a new position in shares of Chunghwa Telecom in the second quarter valued at about $3,169,000. Cerity Partners LLC lifted its position in shares of Chunghwa Telecom by 100.3% in the first quarter. Cerity Partners LLC now owns 79,367 shares of the utilities provider’s stock valued at $3,112,000 after acquiring an additional 39,734 shares in the last quarter. Finally, Savant Capital LLC bought a new position in shares of Chunghwa Telecom in the second quarter worth about $1,384,000. 2.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Chunghwa Telecom in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Chunghwa Telecom currently has an average rating of “Hold”.

Chunghwa Telecom Price Performance

NYSE:CHT opened at $42.42 on Friday. The business’s 50-day moving average is $43.45 and its 200 day moving average is $43.98. Chunghwa Telecom Co., Ltd. has a 12 month low of $36.61 and a 12 month high of $47.03. The company has a market capitalization of $32.91 billion, a P/E ratio of 27.73 and a beta of 0.28. 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) last released its quarterly earnings data on Thursday, November 6th. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.41. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.93 billion. Chunghwa Telecom had a return on equity of 9.72% and a net margin of 16.27%. On average, equities research analysts forecast 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.