Quantinno Capital Management LP Purchases 9,219 Shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Quantinno Capital Management LP boosted its position in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 46.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 29,190 shares of the utilities provider’s stock after acquiring an additional 9,219 shares during the quarter. Quantinno Capital Management LP’s holdings in Chunghwa Telecom were worth $1,099,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sierra Ocean LLC bought a new stake in Chunghwa Telecom during the 4th quarter worth approximately $54,000. BNP Paribas Financial Markets raised its stake in Chunghwa Telecom by 617.4% during the 4th quarter. BNP Paribas Financial Markets now owns 1,693 shares of the utilities provider’s stock worth $64,000 after acquiring an additional 1,457 shares during the period. GeoWealth Management LLC bought a new stake in Chunghwa Telecom during the 4th quarter worth approximately $117,000. R Squared Ltd purchased a new stake in Chunghwa Telecom during the 4th quarter valued at approximately $127,000. Finally, V Square Quantitative Management LLC raised its position in shares of Chunghwa Telecom by 31.0% during the fourth quarter. V Square Quantitative Management LLC now owns 4,065 shares of the utilities provider’s stock valued at $153,000 after buying an additional 961 shares during the last quarter. Institutional investors own 2.11% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of Chunghwa Telecom from a “buy” rating to a “hold” rating in a research report on Monday, April 14th.

Chunghwa Telecom Trading Up 1.0%

Chunghwa Telecom stock opened at $44.38 on Friday. The stock has a market cap of $34.43 billion, a P/E ratio of 29.79, a PEG ratio of 21.42 and a beta of 0.21. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.47 and a quick ratio of 1.29. Chunghwa Telecom Co., Ltd. has a 1 year low of $35.92 and a 1 year high of $44.41. The firm’s 50 day moving average price is $40.52 and its 200-day moving average price is $39.04.

Chunghwa Telecom (NYSE:CHT) last released its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.38 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.38. The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $56.11 billion. Chunghwa Telecom had a net margin of 16.18% and a return on equity of 9.53%. On average, equities analysts predict 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.