Simon Quick Advisors LLC Invests $208,000 in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Simon Quick Advisors LLC bought a new stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,531 shares of the utilities provider’s stock, valued at approximately $208,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CHT. Allworth Financial LP increased its holdings in Chunghwa Telecom by 40.5% in the 3rd quarter. Allworth Financial LP now owns 919 shares of the utilities provider’s stock valued at $36,000 after buying an additional 265 shares during the period. GAMMA Investing LLC increased its stake in Chunghwa Telecom by 71.4% in the fourth quarter. GAMMA Investing LLC now owns 3,085 shares of the utilities provider’s stock valued at $116,000 after acquiring an additional 1,285 shares during the period. BSW Wealth Partners acquired a new position in Chunghwa Telecom in the third quarter worth about $208,000. Waldron Private Wealth LLC bought a new position in Chunghwa Telecom during the third quarter worth about $217,000. Finally, Atomi Financial Group Inc. boosted its holdings in Chunghwa Telecom by 17.6% during the fourth quarter. Atomi Financial Group Inc. now owns 7,616 shares of the utilities provider’s stock valued at $287,000 after purchasing an additional 1,140 shares in the last quarter. 2.11% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Chunghwa Telecom from a “hold” rating to a “buy” rating in a report on Friday.

Chunghwa Telecom Stock Up 0.3 %

Shares of NYSE:CHT opened at $38.91 on Friday. The company’s fifty day moving average is $37.89 and its 200-day moving average is $37.99. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.29 and a current ratio of 1.47. Chunghwa Telecom Co., Ltd. has a 52 week low of $35.92 and a 52 week high of $40.62. The company has a market capitalization of $30.19 billion, a PE ratio of 26.65, a P/E/G ratio of 19.75 and a beta of 0.20.

Chunghwa Telecom (NYSE:CHT) last released its quarterly earnings results on Thursday, January 23rd. The utilities provider reported $0.36 EPS for the quarter. Chunghwa Telecom had a net margin of 16.09% and a return on equity of 9.25%. Equities research analysts predict that Chunghwa Telecom Co., Ltd. will post 1.47 earnings per share for the current fiscal year.

About Chunghwa Telecom

Chunghwa Telecom Co, Ltd., together with its subsidiaries, provides telecommunication services in Taiwan and internationally. It operates through Consumer Business, Enterprise Business, International Business, and Others segments. The company offers local, domestic long distance, and international long distance fixed-line telephone services; mobile services such as prepaid and postpaid plans; broadband plans; and internet and data services.