Mitsubishi UFJ Asset Management Co. Ltd. Boosts Stock Position in Charter Communications, Inc. $CHTR

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 199,103 shares of the company’s stock after purchasing an additional 5,785 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.15% of Charter Communications worth $41,668,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Advisory Services Network LLC grew its stake in Charter Communications by 3.8% during the 2nd quarter. Advisory Services Network LLC now owns 1,028 shares of the company’s stock valued at $420,000 after purchasing an additional 38 shares during the last quarter. Orion Porfolio Solutions LLC grew its stake in Charter Communications by 1.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 2,417 shares of the company’s stock valued at $988,000 after purchasing an additional 41 shares during the last quarter. Occudo Quantitative Strategies LP grew its stake in Charter Communications by 1.4% during the 2nd quarter. Occudo Quantitative Strategies LP now owns 3,069 shares of the company’s stock valued at $1,255,000 after purchasing an additional 41 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in Charter Communications by 3.6% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 1,426 shares of the company’s stock valued at $392,000 after purchasing an additional 49 shares during the last quarter. Finally, CI Investments Inc. grew its stake in Charter Communications by 10.6% during the 3rd quarter. CI Investments Inc. now owns 573 shares of the company’s stock valued at $158,000 after purchasing an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Analyst Upgrades and Downgrades

CHTR has been the topic of several research analyst reports. Royal Bank Of Canada dropped their price target on Charter Communications from $250.00 to $220.00 and set a “sector perform” rating on the stock in a research note on Monday, April 27th. KeyCorp reissued a “sector weight” rating on shares of Charter Communications in a report on Monday, January 26th. Weiss Ratings reissued a “sell (d+)” rating on shares of Charter Communications in a report on Friday, March 27th. JPMorgan Chase & Co. initiated coverage on Charter Communications in a report on Wednesday, April 29th. They issued a “neutral” rating and a $215.00 price objective for the company. Finally, Sanford C. Bernstein decreased their price objective on Charter Communications from $220.00 to $210.00 and set a “market perform” rating for the company in a report on Monday, April 27th. Six analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $315.67.

Insider Buying and Selling

In other Charter Communications news, CEO Christopher L. Winfrey purchased 3,468 shares of Charter Communications stock in a transaction that occurred on Tuesday, April 28th. The stock was bought at an average price of $172.23 per share, with a total value of $597,293.64. Following the acquisition, the chief executive officer owned 74,409 shares of the company’s stock, valued at $12,815,462.07. This trade represents a 4.89% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Wade Davis purchased 5,728 shares of Charter Communications stock in a transaction that occurred on Tuesday, April 28th. The stock was acquired at an average cost of $173.72 per share, with a total value of $995,068.16. Following the acquisition, the director directly owned 6,925 shares in the company, valued at $1,203,011. This trade represents a 478.53% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders acquired 10,196 shares of company stock valued at $1,767,822. 1.10% of the stock is owned by company insiders.

Charter Communications Stock Performance

Shares of CHTR stock opened at $154.86 on Friday. The stock has a market cap of $19.05 billion, a PE ratio of 4.18, a price-to-earnings-growth ratio of 0.28 and a beta of 0.76. The business has a 50-day simple moving average of $214.85 and a 200-day simple moving average of $213.88. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 4.56. Charter Communications, Inc. has a 52-week low of $154.70 and a 52-week high of $437.06.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, April 24th. The company reported $9.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.01 by ($0.84). The company had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.56 billion. Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period last year, the firm earned $8.42 EPS. On average, equities analysts expect that Charter Communications, Inc. will post 43 EPS for the current year.

About Charter Communications

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.