Ascent Group LLC Boosts Stake in Chunghwa Telecom Co., Ltd. $CHT

Ascent Group LLC increased its position in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 120.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,718 shares of the utilities provider’s stock after buying an additional 8,584 shares during the period. Ascent Group LLC’s holdings in Chunghwa Telecom were worth $616,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in Chunghwa Telecom by 66.8% during the first quarter. GAMMA Investing LLC now owns 5,146 shares of the utilities provider’s stock worth $202,000 after acquiring an additional 2,061 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Chunghwa Telecom by 617.4% during the fourth 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 last quarter. Xponance Inc. bought a new stake in Chunghwa Telecom during the first quarter worth approximately $204,000. Cerity Partners LLC grew its stake in shares of Chunghwa Telecom by 100.3% during the first quarter. Cerity Partners LLC now owns 79,367 shares of the utilities provider’s stock valued at $3,112,000 after buying an additional 39,734 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Chunghwa Telecom by 2.2% during the first quarter. PNC Financial Services Group Inc. now owns 16,196 shares of the utilities provider’s stock valued at $635,000 after buying an additional 344 shares during the last quarter. 2.11% of the stock is owned by institutional investors.

Chunghwa Telecom Trading Up 0.2%

CHT opened at $44.47 on Thursday. The stock has a market cap of $34.50 billion, a price-to-earnings ratio of 29.07 and a beta of 0.27. The stock’s 50 day moving average price is $44.39 and its 200-day moving average price is $42.62. Chunghwa Telecom Co., Ltd. has a one year low of $36.61 and a one year high of $47.03. 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 (NYSE:CHT) last announced its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $55.92 billion. Chunghwa Telecom had a return on equity of 9.72% and a net margin of 16.27%. On average, equities analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.44 EPS for the current year.

Chunghwa Telecom Company 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.