Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Charter Communications Inc (NASDAQ:CHTR) by 0.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 679,778 shares of the company’s stock after buying an additional 4,311 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Charter Communications were worth $235,822,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Morgan Stanley boosted its position in shares of Charter Communications by 1.1% during the third quarter. Morgan Stanley now owns 955,767 shares of the company’s stock valued at $311,467,000 after buying an additional 9,976 shares during the last quarter. Alpha Windward LLC purchased a new stake in shares of Charter Communications during the fourth quarter valued at $78,000. BB&T Corp boosted its position in shares of Charter Communications by 7.0% during the fourth quarter. BB&T Corp now owns 3,833 shares of the company’s stock valued at $1,093,000 after buying an additional 250 shares during the last quarter. Strs Ohio boosted its position in shares of Charter Communications by 0.8% during the fourth quarter. Strs Ohio now owns 86,692 shares of the company’s stock valued at $24,704,000 after buying an additional 722 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Charter Communications during the fourth quarter valued at $12,469,000. Institutional investors and hedge funds own 74.48% of the company’s stock.
Several equities research analysts recently commented on CHTR shares. Citigroup increased their price objective on Charter Communications from $390.00 to $427.00 and gave the company a “buy” rating in a research report on Monday, May 6th. BidaskClub raised Charter Communications from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. UBS Group increased their price objective on Charter Communications from $383.00 to $421.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Zacks Investment Research raised Charter Communications from a “hold” rating to a “buy” rating and set a $391.00 target price on the stock in a research report on Tuesday, February 26th. Finally, Royal Bank of Canada set a $400.00 target price on Charter Communications and gave the stock a “buy” rating in a research report on Saturday, February 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $365.88.
Shares of NASDAQ CHTR traded down $9.32 during trading on Monday, hitting $377.09. The company had a trading volume of 21,302 shares, compared to its average volume of 850,748. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 1.62. Charter Communications Inc has a 12 month low of $259.48 and a 12 month high of $387.41. The company has a market capitalization of $86.33 billion, a P/E ratio of 72.38, a price-to-earnings-growth ratio of 1.21 and a beta of 1.40.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $1.11 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.23). Charter Communications had a return on equity of 2.94% and a net margin of 2.98%. The company had revenue of $11.21 billion during the quarter, compared to the consensus estimate of $11.20 billion. During the same period last year, the business earned $0.70 EPS. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. Research analysts anticipate that Charter Communications Inc will post 7.4 EPS for the current year.
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Charter Communications Profile
Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.
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