Wealthstream Advisors Inc. Acquires Shares of 5,418 Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Wealthstream Advisors Inc. bought a new position in Chunghwa Telecom Co., Ltd. (NYSE:CHT) during the 4th quarter, HoldingsChannel reports. The fund bought 5,418 shares of the utilities provider’s stock, valued at approximately $204,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP raised 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 worth $36,000 after acquiring an additional 265 shares during the last quarter. Sierra Ocean LLC bought a new stake in shares of Chunghwa Telecom in the 4th quarter worth $54,000. GAMMA Investing LLC raised its stake in shares of Chunghwa Telecom by 71.4% in the fourth quarter. GAMMA Investing LLC now owns 3,085 shares of the utilities provider’s stock worth $116,000 after purchasing an additional 1,285 shares during the last quarter. R Squared Ltd bought a new position in shares of Chunghwa Telecom during the fourth quarter valued at $127,000. Finally, V Square Quantitative Management LLC boosted its position in shares of Chunghwa Telecom by 31.0% during the fourth quarter. V Square Quantitative Management LLC now owns 4,065 shares of the utilities provider’s stock valued at $153,000 after buying an additional 961 shares during the last quarter. Institutional investors own 2.11% of the company’s stock.

Chunghwa Telecom Stock Up 0.5 %

CHT opened at $39.05 on Monday. The stock has a market capitalization of $30.29 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 21.42 and a beta of 0.20. The firm has a 50 day moving average price of $38.11 and a 200-day moving average price of $38.30. Chunghwa Telecom Co., Ltd. has a twelve month low of $35.92 and a twelve month high of $40.62. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 0.06.

Chunghwa Telecom (NYSE:CHT) last announced 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%. Equities research analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.44 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.