18,085 Chunghwa Telecom Co., Ltd. $CHT Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. trimmed its holdings in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 11.0% in the 3rd quarter, Holdings Channel reports. The firm owned 145,959 shares of the utilities provider’s stock after selling 18,085 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Chunghwa Telecom were worth $6,638,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nykredit A S bought a new position in shares of Chunghwa Telecom in the second quarter worth about $2,075,000. Renaissance Technologies LLC increased its stake in Chunghwa Telecom by 1.3% in the 1st quarter. Renaissance Technologies LLC now owns 2,765,296 shares of the utilities provider’s stock worth $116,806,000 after buying an additional 36,820 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Chunghwa Telecom by 6.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 548,080 shares of the utilities provider’s stock valued at $23,145,000 after buying an additional 31,280 shares in the last quarter. R Squared Ltd lifted its holdings in Chunghwa Telecom by 97.3% during the 1st quarter. R Squared Ltd now owns 55,164 shares of the utilities provider’s stock valued at $2,330,000 after buying an additional 27,200 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in Chunghwa Telecom by 41.2% during the 1st quarter. Quantinno Capital Management LP now owns 297,210 shares of the utilities provider’s stock valued at $12,554,000 after buying an additional 86,786 shares in the last quarter. 2.11% of the stock is currently owned by institutional investors.

Chunghwa Telecom Trading Down 0.4%

CHT opened at $48.54 on Friday. Chunghwa Telecom Co., Ltd. has a 52 week low of $39.28 and a 52 week high of $48.99. The company has a market capitalization of $37.66 billion, a P/E ratio of 29.42, a PEG ratio of 2.15 and a beta of 0.27. The stock’s fifty day moving average is $45.22 and its two-hundred day moving average is $44.11. The company has a quick ratio of 1.07, a current ratio of 1.22 and a debt-to-equity ratio of 0.06.

Chunghwa Telecom (NYSE:CHT) last posted its quarterly earnings results on Monday, October 12th. The utilities provider reported $0.49 earnings per share (EPS) for the quarter. The business had revenue of $2.12 billion for the quarter. Chunghwa Telecom had a return on equity of 10.00% and a net margin of 16.11%. Analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CHT shares. Zacks Research raised shares of Chunghwa Telecom from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Chunghwa Telecom in a research report on Thursday, October 15th. Two research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Chunghwa Telecom Company Profile

Chunghwa Telecom Co, Ltd. is Taiwan’s largest integrated telecommunications provider and the country’s former state-owned telecommunications operator. The company was established in 1996 following the corporatization of Taiwan’s Directorate General of Telecommunications and was subsequently privatized. Chunghwa Telecom is headquartered in New Taipei City, Taiwan.

The company provides fixed-line voice services, mobile communications, broadband internet access, and related digital communications products.