Simplicity Solutions LLC Invests $213,000 in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Simplicity Solutions LLC purchased a new position in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,454 shares of the utilities provider’s stock, valued at approximately $213,000.

A number of other hedge funds have also made changes to their positions in CHT. Macquarie Group Ltd. acquired a new stake in shares of Chunghwa Telecom during the first quarter worth approximately $86,880,000. BlackRock Inc. boosted its holdings in Chunghwa Telecom by 18.8% in the first quarter. BlackRock Inc. now owns 2,723,138 shares of the utilities provider’s stock worth $106,475,000 after purchasing an additional 431,350 shares during the period. Mondrian Investment Partners LTD acquired a new position in Chunghwa Telecom in the third quarter worth $4,223,000. Millennium Management LLC boosted its holdings in Chunghwa Telecom by 218.9% in the fourth quarter. Millennium Management LLC now owns 158,476 shares of the utilities provider’s stock worth $5,799,000 after purchasing an additional 108,784 shares during the period. Finally, Morgan Stanley boosted its holdings in Chunghwa Telecom by 7.7% in the third quarter. Morgan Stanley now owns 1,175,582 shares of the utilities provider’s stock worth $42,250,000 after purchasing an additional 84,339 shares during the period. Institutional investors and hedge funds own 2.11% of the company’s stock.

Chunghwa Telecom Stock Performance

Chunghwa Telecom stock opened at $37.85 on Monday. The company has a market cap of $29.36 billion, a PE ratio of 24.74 and a beta of 0.17. The company has a fifty day moving average price of $38.61 and a two-hundred day moving average price of $37.84. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.33 and a quick ratio of 1.23. Chunghwa Telecom Co., Ltd. has a 12 month low of $35.44 and a 12 month high of $41.58.

Chunghwa Telecom (NYSE:CHT) last posted its earnings results on Tuesday, January 30th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter. The company had revenue of $1.94 billion for the quarter. Chunghwa Telecom had a return on equity of 9.49% and a net margin of 16.57%. Research analysts expect that Chunghwa Telecom Co., Ltd. will post 1.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Chunghwa Telecom from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd.

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.