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

Nomura Asset Management Co. Ltd. grew its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 3.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,156 shares of the company’s stock after buying an additional 1,224 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Charter Communications were worth $15,190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in Charter Communications by 53.6% during the first quarter. JPMorgan Chase & Co. now owns 2,310,073 shares of the company’s stock worth $851,331,000 after purchasing an additional 806,145 shares during the last quarter. Allianz Asset Management GmbH lifted its position in shares of Charter Communications by 48.8% during the 2nd quarter. Allianz Asset Management GmbH now owns 745,271 shares of the company’s stock worth $304,674,000 after buying an additional 244,324 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Charter Communications by 22.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,099,293 shares of the company’s stock worth $405,118,000 after buying an additional 198,444 shares during the last quarter. Nuveen LLC acquired a new position in shares of Charter Communications in the 1st quarter valued at $71,956,000. Finally, Invesco Ltd. grew its position in shares of Charter Communications by 7.0% in the 1st quarter. Invesco Ltd. now owns 1,834,807 shares of the company’s stock valued at $676,181,000 after buying an additional 120,624 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Insider Buying and Selling at Charter Communications

In other news, Director David C. Merritt sold 1,200 shares of the business’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $226.18, for a total transaction of $271,416.00. Following the transaction, the director directly owned 10,146 shares in the company, valued at $2,294,822.28. The trade was a 10.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.83% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CHTR has been the subject of several research analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Charter Communications in a research note on Monday. UBS Group dropped their price target on Charter Communications from $425.00 to $355.00 and set a “neutral” rating on the stock in a research note on Monday, July 28th. Oppenheimer cut Charter Communications from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 4th. Bank of America decreased their price objective on Charter Communications from $440.00 to $355.00 and set a “buy” rating for the company in a report on Wednesday, September 24th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $280.00 target price (down from $350.00) on shares of Charter Communications in a research report on Monday, November 3rd. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat, Charter Communications presently has an average rating of “Reduce” and an average price target of $329.56.

Charter Communications Price Performance

Charter Communications stock opened at $194.22 on Thursday. The company has a debt-to-equity ratio of 4.57, a current ratio of 0.33 and a quick ratio of 0.33. The business has a 50 day simple moving average of $247.91 and a 200-day simple moving average of $315.31. Charter Communications, Inc. has a 12 month low of $193.49 and a 12 month high of $437.06. The stock has a market capitalization of $25.13 billion, a PE ratio of 5.32, a price-to-earnings-growth ratio of 0.55 and a beta of 1.05.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, October 31st. The company reported $8.34 earnings per share for the quarter, missing the consensus estimate of $9.66 by ($1.32). The company had revenue of $13.67 billion for the quarter, compared to analyst estimates of $13.76 billion. Charter Communications had a return on equity of 26.77% and a net margin of 9.53%.Charter Communications’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the business earned $8.82 earnings per share. Equities analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

About Charter Communications

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.