7,740 Shares in Chunghwa Telecom Co., Ltd. $CHT Bought by Simon Quick Advisors LLC

Simon Quick Advisors LLC acquired a new position in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,740 shares of the utilities provider’s stock, valued at approximately $361,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CHT. Lindbrook Capital LLC increased its stake in Chunghwa Telecom by 6.2% in the 1st quarter. Lindbrook Capital LLC now owns 5,585 shares of the utilities provider’s stock valued at $219,000 after buying an additional 328 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Chunghwa Telecom by 2.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 16,196 shares of the utilities provider’s stock valued at $635,000 after buying an additional 344 shares during the last quarter. Yousif Capital Management LLC increased its stake in Chunghwa Telecom by 3.1% in the 2nd quarter. Yousif Capital Management LLC now owns 12,229 shares of the utilities provider’s stock valued at $570,000 after buying an additional 365 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in Chunghwa Telecom in the 2nd quarter valued at $25,000. Finally, Compound Planning Inc. increased its stake in Chunghwa Telecom by 7.9% in the 1st quarter. Compound Planning Inc. now owns 8,221 shares of the utilities provider’s stock valued at $322,000 after buying an additional 605 shares during the last quarter. 2.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Chunghwa Telecom in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Chunghwa Telecom Stock Performance

Shares of CHT opened at $42.61 on Monday. The firm has a 50-day moving average of $43.71 and a 200-day moving average of $43.87. Chunghwa Telecom Co., Ltd. has a one year low of $36.61 and a one year high of $47.03. The company has a market cap of $33.05 billion, a PE ratio of 27.85 and a beta of 0.26. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.15 and a quick ratio of 1.05.

Chunghwa Telecom (NYSE:CHT) last announced its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. Chunghwa Telecom had a net margin of 16.27% and a return on equity of 9.72%. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $55.92 billion. As a group, equities analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.44 earnings per share for the current year.

Chunghwa Telecom Company 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.