Sierra Ocean LLC Acquires Shares of 1,424 Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Sierra Ocean LLC acquired a new stake in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 1,424 shares of the utilities provider’s stock, valued at approximately $54,000.

Other hedge funds have also added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. increased its position in Chunghwa Telecom by 120.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 915,853 shares of the utilities provider’s stock valued at $36,332,000 after purchasing an additional 500,475 shares during the period. Barclays PLC purchased a new position in Chunghwa Telecom during the 3rd quarter valued at $397,000. Ballentine Partners LLC increased its position in Chunghwa Telecom by 66.8% during the 4th quarter. Ballentine Partners LLC now owns 42,383 shares of the utilities provider’s stock valued at $1,596,000 after purchasing an additional 16,977 shares during the period. Creative Planning increased its position in Chunghwa Telecom by 1.1% during the 3rd quarter. Creative Planning now owns 124,913 shares of the utilities provider’s stock valued at $4,955,000 after purchasing an additional 1,420 shares during the period. Finally, Blue Trust Inc. increased its position in Chunghwa Telecom by 35.8% during the 4th quarter. Blue Trust Inc. now owns 50,088 shares of the utilities provider’s stock valued at $1,987,000 after purchasing an additional 13,195 shares during the period. 2.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Chunghwa Telecom from a “hold” rating to a “buy” rating in a research report on Friday, January 24th.

Chunghwa Telecom Stock Down 0.2 %

NYSE:CHT opened at $38.52 on Tuesday. The firm’s 50-day moving average price is $38.07 and its 200-day moving average price is $38.25. The company has a market capitalization of $29.88 billion, a PE ratio of 25.86, a P/E/G ratio of 21.25 and a beta of 0.20. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.47 and a quick ratio of 1.29. Chunghwa Telecom Co., Ltd. has a 1-year low of $35.92 and a 1-year high of $40.62.

Chunghwa Telecom (NYSE:CHT) last released its earnings results on Thursday, January 23rd. The utilities provider reported $0.36 earnings per share for the quarter. Chunghwa Telecom had a net margin of 16.18% and a return on equity of 9.53%. On average, equities analysts predict that Chunghwa Telecom Co., Ltd. will post 1.44 EPS for the current fiscal year.

Chunghwa Telecom Profile

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.