Eurizon Capital SGR S.p.A. Acquires Shares of 31,700 Chunghwa Telecom Co., Ltd. $CHT

Eurizon Capital SGR S.p.A. acquired a new stake in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 31,700 shares of the utilities provider’s stock, valued at approximately $1,323,000.

Several other institutional investors have also added to or reduced their stakes in CHT. AQR Capital Management LLC acquired a new position in Chunghwa Telecom during the first quarter valued at approximately $298,000. Hsbc Holdings PLC acquired a new position in Chunghwa Telecom during the second quarter valued at approximately $291,000. Marshall Wace LLP raised its position in Chunghwa Telecom by 14.2% during the second quarter. Marshall Wace LLP now owns 43,434 shares of the utilities provider’s stock valued at $2,024,000 after purchasing an additional 5,400 shares in the last quarter. Sei Investments Co. raised its position in Chunghwa Telecom by 21.3% during the second quarter. Sei Investments Co. now owns 61,030 shares of the utilities provider’s stock valued at $2,844,000 after purchasing an additional 10,723 shares in the last quarter. Finally, Quantinno Capital Management LP raised its position in Chunghwa Telecom by 142.6% during the second quarter. Quantinno Capital Management LP now owns 129,440 shares of the utilities provider’s stock valued at $6,033,000 after purchasing an additional 76,087 shares in the last quarter. 2.11% of the stock is currently owned by institutional investors and hedge funds.

Chunghwa Telecom Trading Up 0.4%

Shares of Chunghwa Telecom stock opened at $45.37 on Wednesday. The firm has a market capitalization of $35.20 billion, a PE ratio of 27.66, a price-to-earnings-growth ratio of 6.17 and a beta of 0.29. The company has a current ratio of 1.64, a quick ratio of 1.46 and a debt-to-equity ratio of 0.06. The firm’s 50 day moving average is $43.09 and its 200 day moving average is $42.49. Chunghwa Telecom Co., Ltd. has a 1 year low of $39.28 and a 1 year high of $47.03.

Chunghwa Telecom (NYSE:CHT) last announced its quarterly earnings results on Tuesday, March 31st. The utilities provider reported $0.41 earnings per share (EPS) for the quarter. Chunghwa Telecom had a net margin of 16.23% and a return on equity of 9.90%. The company had revenue of $1.88 billion for the quarter. Equities research analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Chunghwa Telecom in a report on Monday, April 20th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, Chunghwa Telecom currently has an average 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.