R Squared Ltd Makes New Investment in Chunghwa Telecom Co., Ltd. $CHT

R Squared Ltd bought a new position in Chunghwa Telecom Co., Ltd. (NYSE:CHT) during the 3rd quarter, HoldingsChannel reports. The fund bought 23,520 shares of the utilities provider’s stock, valued at approximately $1,026,000.

A number of other institutional investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans bought a new position in Chunghwa Telecom in the 3rd quarter valued at approximately $2,737,000. Acadian Asset Management LLC raised its stake in shares of Chunghwa Telecom by 23.0% in the second quarter. Acadian Asset Management LLC now owns 572,484 shares of the utilities provider’s stock worth $26,672,000 after purchasing an additional 106,913 shares during the last quarter. Creative Planning lifted its holdings in shares of Chunghwa Telecom by 18.0% during the second quarter. Creative Planning now owns 317,369 shares of the utilities provider’s stock valued at $14,793,000 after purchasing an additional 48,449 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Chunghwa Telecom by 17.6% during the second quarter. American Century Companies Inc. now owns 329,461 shares of the utilities provider’s stock valued at $15,356,000 after buying an additional 49,276 shares during the last quarter. Finally, Summit Global Investments purchased a new stake in shares of Chunghwa Telecom during the second quarter valued at $606,000. Hedge funds and other institutional investors own 2.11% of the company’s stock.

Wall Street Analyst Weigh In

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

Chunghwa Telecom Stock Performance

Shares of CHT opened at $43.07 on Friday. The business has a 50-day simple moving average of $42.16 and a two-hundred day simple moving average of $42.82. 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 52 week low of $37.03 and a 52 week high of $47.03. The stock has a market cap of $33.41 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 5.84 and a beta of 0.30.

Chunghwa Telecom (NYSE:CHT) last announced its quarterly earnings data on Thursday, February 26th. The utilities provider reported $0.38 earnings per share (EPS) for the quarter. Chunghwa Telecom had a return on equity of 9.87% and a net margin of 16.37%. On average, analysts expect that Chunghwa Telecom Co., Ltd. will post 1.44 EPS for the current year.

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.