Sumitomo Mitsui Trust Holdings Inc. Sells 4,339 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Sumitomo Mitsui Trust Holdings Inc. trimmed its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 1.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 240,787 shares of the company’s stock after selling 4,339 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Charter Communications were worth $93,589,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Pzena Investment Management LLC grew its position in Charter Communications by 21.0% in the third quarter. Pzena Investment Management LLC now owns 1,459,148 shares of the company’s stock worth $641,762,000 after acquiring an additional 253,324 shares in the last quarter. Morgan Stanley grew its position in Charter Communications by 15.8% in the third quarter. Morgan Stanley now owns 1,186,738 shares of the company’s stock worth $521,952,000 after acquiring an additional 161,830 shares in the last quarter. Parnassus Investments LLC acquired a new stake in shares of Charter Communications in the third quarter worth $508,684,000. Wellington Management Group LLP lifted its stake in shares of Charter Communications by 8.0% in the first quarter. Wellington Management Group LLP now owns 1,132,651 shares of the company’s stock worth $617,882,000 after buying an additional 84,302 shares during the last quarter. Finally, Northern Trust Corp lifted its stake 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 worth $461,171,000 after buying an additional 22,494 shares during the last quarter. 81.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CHTR shares. Barclays reduced their price objective on shares of Charter Communications from $280.00 to $250.00 and set an “underweight” rating for the company in a research note on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Charter Communications from $375.00 to $320.00 and set a “hold” rating for the company in a research note on Tuesday. Benchmark reduced their price objective on shares of Charter Communications from $490.00 to $440.00 and set a “buy” rating for the company in a research note on Monday, February 5th. Bank of America reduced their price objective on shares of Charter Communications from $350.00 to $315.00 and set a “neutral” rating for the company in a research note on Tuesday, April 9th. Finally, Pivotal Research reduced their price objective on shares of Charter Communications from $500.00 to $450.00 and set a “buy” rating for the company in a research note on Monday, February 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $380.80.

Charter Communications Price Performance

NASDAQ:CHTR opened at $257.57 on Wednesday. The company has a 50-day moving average of $285.75 and a 200-day moving average of $356.67. The company has a market capitalization of $37.41 billion, a price-to-earnings ratio of 8.58, a PEG ratio of 0.44 and a beta of 0.96. Charter Communications, Inc. has a 52 week low of $254.31 and a 52 week high of $458.30. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.31 and a current ratio of 0.31.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, February 2nd. The company reported $7.07 EPS for the quarter, missing analysts’ consensus estimates of $8.76 by ($1.69). The business had revenue of $13.71 billion for the quarter, compared to the consensus estimate of $13.70 billion. Charter Communications had a return on equity of 32.32% and a net margin of 8.35%. Charter Communications’s revenue was up .3% on a year-over-year basis. During the same period in the previous year, the business posted $7.69 earnings per share. As a group, equities research analysts anticipate that Charter Communications, Inc. will post 32.58 earnings per share for the current fiscal year.

Charter Communications 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.