Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Increases Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Charter Communications, Inc. (NASDAQ:CHTRGet Rating) by 7.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 70,898 shares of the company’s stock after acquiring an additional 4,934 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Charter Communications were worth $38,676,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. M&T Bank Corp raised its holdings in shares of Charter Communications by 12.0% in the first quarter. M&T Bank Corp now owns 6,353 shares of the company’s stock valued at $3,465,000 after buying an additional 679 shares during the last quarter. Cryder Capital Partners LLP raised its holdings in shares of Charter Communications by 1.9% in the first quarter. Cryder Capital Partners LLP now owns 355,934 shares of the company’s stock valued at $194,169,000 after buying an additional 6,549 shares during the last quarter. Qube Research & Technologies Ltd raised its holdings in shares of Charter Communications by 103.3% in the first quarter. Qube Research & Technologies Ltd now owns 84,828 shares of the company’s stock valued at $46,275,000 after buying an additional 43,100 shares during the last quarter. Great Lakes Advisors LLC raised its holdings in shares of Charter Communications by 35.9% in the first quarter. Great Lakes Advisors LLC now owns 1,287 shares of the company’s stock valued at $702,000 after buying an additional 340 shares during the last quarter. Finally, Veritas Asset Management LLP raised its holdings in shares of Charter Communications by 0.5% in the first quarter. Veritas Asset Management LLP now owns 2,638,031 shares of the company’s stock valued at $1,439,099,000 after buying an additional 14,400 shares during the last quarter. 83.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on CHTR shares. Wells Fargo & Company reduced their target price on shares of Charter Communications from $603.00 to $393.00 in a report on Monday, May 2nd. KeyCorp cut their price target on shares of Charter Communications from $563.00 to $555.00 and set an “overweight” rating for the company in a report on Tuesday. Royal Bank of Canada cut their price target on shares of Charter Communications from $700.00 to $575.00 in a report on Friday, June 17th. TheStreet cut shares of Charter Communications from a “b-” rating to a “c+” rating in a report on Monday, May 16th. Finally, Pivotal Research cut their price target on shares of Charter Communications from $585.00 to $560.00 in a report on Monday, August 1st. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $644.72.

Charter Communications Price Performance

Shares of NASDAQ:CHTR opened at $462.98 on Friday. The company has a debt-to-equity ratio of 6.99, a quick ratio of 0.40 and a current ratio of 0.33. The business’s fifty day moving average price is $467.21 and its two-hundred day moving average price is $518.80. The stock has a market cap of $74.38 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 0.47 and a beta of 0.91. Charter Communications, Inc. has a one year low of $407.75 and a one year high of $825.62.

Charter Communications (NASDAQ:CHTRGet Rating) last released its quarterly earnings results on Friday, July 29th. The company reported $8.80 earnings per share for the quarter, topping analysts’ consensus estimates of $6.82 by $1.98. Charter Communications had a return on equity of 31.83% and a net margin of 10.35%. The company had revenue of $13.60 billion during the quarter, compared to analysts’ expectations of $13.42 billion. During the same period in the previous year, the firm posted $5.29 earnings per share. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, analysts forecast that Charter Communications, Inc. will post 31.12 EPS for the current fiscal year.

Charter Communications Company Profile

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Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based video services, including video on demand, high-definition television, digital video recorder, pay-per-view services.

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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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