Sumitomo Mitsui DS Asset Management Company Ltd Has $4.64 Million Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Sumitomo Mitsui DS Asset Management Company Ltd reduced its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,947 shares of the company’s stock after selling 49 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Charter Communications were worth $4,644,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CHTR. CWM LLC lifted its holdings in Charter Communications by 7.6% during the 3rd quarter. CWM LLC now owns 2,303 shares of the company’s stock valued at $1,013,000 after purchasing an additional 162 shares during the last quarter. AE Wealth Management LLC boosted its holdings in shares of Charter Communications by 59.1% in the 3rd quarter. AE Wealth Management LLC now owns 2,445 shares of the company’s stock worth $1,075,000 after acquiring an additional 908 shares in the last quarter. Ritholtz Wealth Management bought a new stake in Charter Communications during the 3rd quarter worth approximately $372,000. Flagship Harbor Advisors LLC acquired a new stake in Charter Communications during the 3rd quarter valued at $258,000. Finally, Romano Brothers AND Company bought a new position in Charter Communications in the 3rd quarter valued at $250,000. 81.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CHTR has been the topic of several research analyst reports. Benchmark decreased their target price on Charter Communications from $490.00 to $440.00 and set a “buy” rating on the stock in a report on Monday, February 5th. Sanford C. Bernstein raised shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 price objective on the stock in a report on Monday, March 18th. Wells Fargo & Company dropped their target price on shares of Charter Communications from $340.00 to $290.00 and set an “equal weight” rating for the company in a research note on Friday, April 5th. Pivotal Research decreased their price target on shares of Charter Communications from $500.00 to $450.00 and set a “buy” rating on the stock in a research note on Monday, February 5th. Finally, UBS Group dropped their price objective on shares of Charter Communications from $360.00 to $325.00 and set a “neutral” rating for the company in a research report on Thursday, March 28th. One equities 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 stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $380.80.

Charter Communications Stock Down 0.0 %

Shares of Charter Communications stock opened at $265.08 on Tuesday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 6.51. The stock has a market cap of $38.50 billion, a PE ratio of 8.83, a price-to-earnings-growth ratio of 0.46 and a beta of 0.96. The business has a fifty day simple moving average of $283.60 and a 200 day simple moving average of $351.83. Charter Communications, Inc. has a 12 month low of $254.31 and a 12 month high of $458.30.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, February 2nd. The company reported $7.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.76 by ($1.69). The firm had revenue of $13.71 billion for the quarter, compared to analyst estimates of $13.70 billion. Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $7.69 EPS. Research analysts predict that Charter Communications, Inc. will post 32.38 EPS 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.