Meiji Yasuda Asset Management Co Ltd. Sells 135 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Meiji Yasuda Asset Management Co Ltd. cut its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 9.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,321 shares of the company’s stock after selling 135 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Charter Communications were worth $453,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CHTR. Franklin Resources Inc. increased its stake in Charter Communications by 4.9% in the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock valued at $1,052,868,000 after purchasing an additional 148,003 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Charter Communications by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company’s stock valued at $785,744,000 after buying an additional 13,430 shares in the last quarter. FMR LLC raised its stake in Charter Communications by 27.7% during the 3rd quarter. FMR LLC now owns 1,064,948 shares of the company’s stock worth $345,128,000 after buying an additional 230,817 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Charter Communications by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 847,921 shares of the company’s stock worth $290,642,000 after acquiring an additional 23,225 shares in the last quarter. Finally, First Pacific Advisors LP grew its stake in Charter Communications by 0.6% in the fourth quarter. First Pacific Advisors LP now owns 614,122 shares of the company’s stock valued at $210,503,000 after acquiring an additional 3,490 shares during the period. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CHTR shares. Citigroup initiated coverage on Charter Communications in a research report on Friday, March 14th. They set a “buy” rating and a $425.00 price target on the stock. StockNews.com downgraded shares of Charter Communications from a “buy” rating to a “hold” rating in a report on Wednesday. Royal Bank of Canada upped their price target on shares of Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. KeyCorp upgraded shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective on the stock in a report on Thursday, December 12th. Finally, Barclays upped their target price on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $389.39.

Charter Communications Stock Performance

NASDAQ CHTR opened at $382.02 on Friday. The firm has a market capitalization of $54.32 billion, a P/E ratio of 10.93, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. The firm’s fifty day moving average price is $359.35 and its two-hundred day moving average price is $356.14. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, February 7th. The company reported $10.10 EPS for the quarter, topping the consensus estimate of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same quarter in the prior year, the company posted $7.07 earnings per share. As a group, research analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current 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.