Caprock Group LLC Takes Position in Chunghwa Telecom Co., Ltd. $CHT

Caprock Group LLC acquired a new stake in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) during the third quarter, Holdings Channel reports. The firm acquired 12,002 shares of the utilities provider’s stock, valued at approximately $522,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHT. Evergreen Capital Management LLC boosted its stake in Chunghwa Telecom by 1.7% during the 3rd quarter. Evergreen Capital Management LLC now owns 14,822 shares of the utilities provider’s stock valued at $647,000 after purchasing an additional 245 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Chunghwa Telecom by 65.9% in the third quarter. Farther Finance Advisors LLC now owns 866 shares of the utilities provider’s stock valued at $38,000 after buying an additional 344 shares during the period. Yousif Capital Management LLC boosted its stake in Chunghwa Telecom by 3.1% during the second quarter. Yousif Capital Management LLC now owns 12,229 shares of the utilities provider’s stock valued at $570,000 after buying an additional 365 shares in the last quarter. Bridgewater Advisors Inc. boosted its stake in Chunghwa Telecom by 6.7% during the second quarter. Bridgewater Advisors Inc. now owns 9,038 shares of the utilities provider’s stock valued at $394,000 after buying an additional 567 shares in the last quarter. Finally, MML Investors Services LLC grew its holdings in Chunghwa Telecom by 5.7% during the second quarter. MML Investors Services LLC now owns 11,615 shares of the utilities provider’s stock worth $541,000 after acquiring an additional 630 shares during the period. Institutional investors own 2.11% of the company’s stock.

Chunghwa Telecom Trading Up 0.7%

Shares of NYSE CHT opened at $43.02 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 1.50 and a debt-to-equity ratio of 0.06. Chunghwa Telecom Co., Ltd. has a 12 month low of $37.03 and a 12 month high of $47.03. The company has a market cap of $33.37 billion, a price-to-earnings ratio of 26.72, a P/E/G ratio of 5.72 and a beta of 0.30. The business has a fifty day simple moving average of $41.91 and a 200-day simple moving average of $42.88.

Chunghwa Telecom (NYSE:CHT) last posted its quarterly earnings data on Tuesday, February 3rd. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. Chunghwa Telecom had a return on equity of 9.87% and a net margin of 16.37%.The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $1.84 billion. Sell-side analysts predict that Chunghwa Telecom Co., Ltd. will post 1.44 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CHT shares. Zacks Research raised shares of Chunghwa Telecom to a “hold” rating in a report on Monday, January 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Chunghwa Telecom in a report on Wednesday, January 21st. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Chunghwa Telecom Company 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.