D. E. Shaw & Co. Inc. Purchases Shares of 78,651 Chunghwa Telecom Co., Ltd (CHT)

D. E. Shaw & Co. Inc. purchased a new stake in Chunghwa Telecom Co., Ltd (NYSE:CHT) in the 4th quarter, HoldingsChannel reports. The fund purchased 78,651 shares of the utilities provider’s stock, valued at approximately $2,815,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Comerica Bank lifted its holdings in Chunghwa Telecom by 5.9% in the third quarter. Comerica Bank now owns 44,763 shares of the utilities provider’s stock worth $1,552,000 after buying an additional 2,491 shares during the period. Credit Suisse AG lifted its holdings in Chunghwa Telecom by 5.5% in the third quarter. Credit Suisse AG now owns 48,238 shares of the utilities provider’s stock worth $1,732,000 after buying an additional 2,500 shares during the period. Stevens Capital Management LP purchased a new stake in Chunghwa Telecom in the third quarter worth about $250,000. Hsbc Holdings PLC lifted its holdings in Chunghwa Telecom by 6.7% in the third quarter. Hsbc Holdings PLC now owns 70,736 shares of the utilities provider’s stock worth $2,511,000 after buying an additional 4,428 shares during the period. Finally, First Republic Investment Management Inc. lifted its holdings in Chunghwa Telecom by 40.8% in the third quarter. First Republic Investment Management Inc. now owns 8,674 shares of the utilities provider’s stock worth $311,000 after buying an additional 2,514 shares during the period. Hedge funds and other institutional investors own 2.83% of the company’s stock.

Separately, Credit Suisse Group lowered shares of Chunghwa Telecom from a “neutral” rating to an “underperform” rating in a report on Tuesday, January 8th.

Shares of CHT opened at $35.88 on Tuesday. Chunghwa Telecom Co., Ltd has a one year low of $34.02 and a one year high of $39.33. The stock has a market capitalization of $27.58 billion, a price-to-earnings ratio of 23.54 and a beta of 0.13.

Chunghwa Telecom (NYSE:CHT) last released its earnings results on Wednesday, January 30th. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.01). Chunghwa Telecom had a net margin of 16.28% and a return on equity of 9.11%. The business had revenue of $1.80 billion for the quarter. As a group, equities analysts anticipate that Chunghwa Telecom Co., Ltd will post 1.44 EPS for the current fiscal year.

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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.

Further Reading: How to invest in blue-chip stocks

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Institutional Ownership by Quarter for Chunghwa Telecom (NYSE:CHT)

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