Charter Communications, Inc. (NASDAQ:CHTR) Shares Bought by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. raised its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 6.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,203 shares of the company’s stock after acquiring an additional 142 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Charter Communications were worth $856,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pzena Investment Management LLC increased its position in shares of Charter Communications by 21.0% in the third quarter. Pzena Investment Management LLC now owns 1,459,148 shares of the company’s stock valued at $641,762,000 after buying an additional 253,324 shares in the last quarter. Morgan Stanley increased its position in shares of Charter Communications by 15.8% in the third quarter. Morgan Stanley now owns 1,186,738 shares of the company’s stock valued at $521,952,000 after buying an additional 161,830 shares in the last quarter. Parnassus Investments LLC purchased a new position in shares of Charter Communications in the third quarter valued at $508,684,000. Northern Trust Corp increased its position in shares of Charter Communications by 2.2% in the third quarter. Northern Trust Corp now owns 1,048,544 shares of the company’s stock valued at $461,171,000 after buying an additional 22,494 shares in the last quarter. Finally, Allen Investment Management LLC increased its position in shares of Charter Communications by 25.4% in the third quarter. Allen Investment Management LLC now owns 873,714 shares of the company’s stock valued at $384,277,000 after buying an additional 177,224 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analyst Upgrades and Downgrades

CHTR has been the subject of a number of research analyst reports. Pivotal Research dropped their price target on Charter Communications from $500.00 to $450.00 and set a “buy” rating for the company in a research report on Monday, February 5th. JPMorgan Chase & Co. dropped their price objective on Charter Communications from $370.00 to $335.00 and set a “neutral” rating for the company in a research report on Monday, April 1st. Barclays dropped their price objective on Charter Communications from $280.00 to $250.00 and set an “underweight” rating for the company in a research report on Tuesday, April 2nd. Sanford C. Bernstein upgraded Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 price objective for the company in a research report on Monday, March 18th. Finally, Wells Fargo & Company dropped their price objective on Charter Communications from $340.00 to $290.00 and set an “equal weight” rating for the company in a research report on Friday, April 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $380.80.

Charter Communications Stock Down 1.7 %

CHTR opened at $254.61 on Friday. The company has a debt-to-equity ratio of 6.51, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market capitalization of $36.98 billion, a price-to-earnings ratio of 8.48, a price-to-earnings-growth ratio of 0.45 and a beta of 0.96. The business has a 50-day moving average of $281.16 and a two-hundred day moving average of $348.14. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $458.30.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, April 26th. The company reported $7.55 earnings per share for the quarter, missing the consensus estimate of $7.78 by ($0.23). The firm had revenue of $13.68 billion during the quarter, compared to analyst estimates of $13.75 billion. Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the prior year, the firm earned $6.65 earnings per share. On average, research analysts expect that Charter Communications, Inc. will post 32.63 earnings per share for the current year.

Charter Communications Company Profile

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 internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.