GAMMA Investing LLC Invests $56,000 in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

GAMMA Investing LLC purchased a new stake in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) during the 4th quarter, Holdings Channel reports. The fund purchased 1,482 shares of the utilities provider’s stock, valued at approximately $56,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Schroder Investment Management Group grew its stake in shares of Chunghwa Telecom by 0.9% during the third quarter. Schroder Investment Management Group now owns 508,882 shares of the utilities provider’s stock worth $18,289,000 after buying an additional 4,459 shares during the last quarter. Rhumbline Advisers grew its position in Chunghwa Telecom by 2.5% during the 3rd quarter. Rhumbline Advisers now owns 329,702 shares of the utilities provider’s stock worth $11,849,000 after acquiring an additional 7,897 shares during the last quarter. American Century Companies Inc. increased its holdings in Chunghwa Telecom by 10.9% in the 3rd quarter. American Century Companies Inc. now owns 143,661 shares of the utilities provider’s stock worth $5,163,000 after purchasing an additional 14,072 shares in the last quarter. Mondrian Investment Partners LTD bought a new position in Chunghwa Telecom in the third quarter valued at about $4,223,000. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in shares of Chunghwa Telecom by 27.9% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 59,677 shares of the utilities provider’s stock valued at $2,145,000 after purchasing an additional 13,001 shares in the last quarter. 2.11% of the stock is currently owned by institutional investors and hedge funds.

Chunghwa Telecom Price Performance

CHT stock opened at $38.00 on Thursday. The company has a market capitalization of $29.48 billion, a P/E ratio of 24.84 and a beta of 0.18. The company has a fifty day moving average price of $38.51 and a 200-day moving average price of $37.93. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.35 and a current ratio of 1.52. Chunghwa Telecom Co., Ltd. has a 52-week low of $35.44 and a 52-week high of $41.58.

Chunghwa Telecom (NYSE:CHT) last announced its earnings results on Tuesday, January 30th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter. The business had revenue of $1.94 billion during the quarter. Chunghwa Telecom had a return on equity of 9.38% and a net margin of 16.57%. As a group, equities analysts expect that Chunghwa Telecom Co., Ltd. will post 1.5 EPS for the current year.

Analyst Ratings Changes

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

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.