Renaissance Technologies LLC trimmed its stake in Chunghwa Telecom Co., Ltd (NYSE:CHT) by 0.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,210,348 shares of the utilities provider’s stock after selling 15,136 shares during the quarter. Renaissance Technologies LLC owned approximately 0.41% of Chunghwa Telecom worth $115,284,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its stake in Chunghwa Telecom by 214.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,356 shares of the utilities provider’s stock valued at $121,000 after acquiring an additional 2,288 shares during the last quarter. Stevens Capital Management LP purchased a new stake in shares of Chunghwa Telecom during the 3rd quarter valued at approximately $250,000. Dean Capital Investments Management LLC purchased a new stake in shares of Chunghwa Telecom during the 2nd quarter valued at approximately $335,000. Signaturefd LLC lifted its stake in shares of Chunghwa Telecom by 60.2% during the 2nd quarter. Signaturefd LLC now owns 9,955 shares of the utilities provider’s stock valued at $358,000 after buying an additional 3,740 shares in the last quarter. Finally, Segall Bryant & Hamill LLC lifted its stake in shares of Chunghwa Telecom by 71.7% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 10,300 shares of the utilities provider’s stock valued at $370,000 after buying an additional 4,300 shares in the last quarter. Hedge funds and other institutional investors own 2.81% of the company’s stock.
Separately, HSBC cut shares of Chunghwa Telecom from a “hold” rating to a “reduce” rating in a research note on Wednesday, October 31st.
Shares of CHT stock opened at $34.78 on Friday. The company has a market cap of $26.96 billion, a P/E ratio of 21.21 and a beta of 0.31. Chunghwa Telecom Co., Ltd has a 12 month low of $34.02 and a 12 month high of $39.33.
Chunghwa Telecom (NYSE:CHT) last announced its quarterly earnings results on Wednesday, October 31st. The utilities provider reported $0.36 EPS for the quarter. The company had revenue of $1.72 billion for the quarter. Chunghwa Telecom had a net margin of 15.98% and a return on equity of 9.29%.
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Chunghwa Telecom Profile
Chunghwa Telecom Co, Ltd. provides telecommunication services in Taiwan. It operates through Domestic Fixed Communications Business, Mobile Communications Business, Internet Business, International Fixed Communications Business, and Other Business segments. It offers local and domestic long distance telephone and leased line, broadband access, Wi-Fi, and multimedia on demand services; information and communication technology (ICT), corporate, and bill handling services; and interconnection with its fixed-line network to other mobile and fixed-line operators.
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