Meiji Yasuda Asset Management Co Ltd. Boosts Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 6.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,515 shares of the company’s stock after acquiring an additional 94 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Charter Communications were worth $453,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. CVA Family Office LLC grew its holdings in shares of Charter Communications by 5,500.0% in the second quarter. CVA Family Office LLC now owns 112 shares of the company’s stock valued at $33,000 after purchasing an additional 110 shares in the last quarter. New Covenant Trust Company N.A. purchased a new position in Charter Communications in the 1st quarter valued at approximately $34,000. Riverview Trust Co acquired a new position in shares of Charter Communications in the first quarter worth $40,000. Massmutual Trust Co. FSB ADV increased its position in shares of Charter Communications by 109.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 159 shares of the company’s stock worth $48,000 after acquiring an additional 83 shares during the period. Finally, Beach Investment Counsel Inc. PA acquired a new stake in shares of Charter Communications in the second quarter valued at $50,000. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Trading Down 0.3 %

NASDAQ:CHTR opened at $330.40 on Friday. The company has a market capitalization of $47.59 billion, a PE ratio of 10.69, a P/E/G ratio of 0.61 and a beta of 1.05. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $458.30. The stock’s 50 day moving average price is $344.81 and its 200 day moving average price is $302.16. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 5.84.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, July 26th. The company reported $8.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.98 by $0.51. The business had revenue of $13.69 billion for the quarter, compared to analyst estimates of $13.59 billion. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the firm posted $8.05 earnings per share. On average, research analysts anticipate that Charter Communications, Inc. will post 32.52 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Pivotal Research boosted their target price on Charter Communications from $400.00 to $435.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. boosted their price objective on Charter Communications from $300.00 to $385.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Charter Communications from $300.00 to $325.00 and gave the company a “hold” rating in a report on Monday, July 29th. Citigroup upgraded shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price target for the company in a report on Wednesday, September 11th. Finally, The Goldman Sachs Group began coverage on shares of Charter Communications in a report on Monday, July 1st. They issued a “sell” rating and a $250.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Charter Communications has an average rating of “Hold” and a consensus target price of $359.94.

Charter Communications Company 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.