Sumitomo Mitsui DS Asset Management Company Ltd Boosts Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 2.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,986 shares of the company’s stock after buying an additional 277 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Charter Communications were worth $3,884,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CVA Family Office LLC grew its holdings in Charter Communications by 5,500.0% during the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company’s stock valued at $33,000 after buying an additional 110 shares in the last quarter. New Covenant Trust Company N.A. purchased a new position in Charter Communications during the first quarter valued at approximately $34,000. Grove Bank & Trust increased its holdings in Charter Communications by 39.1% during the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after acquiring an additional 34 shares during the period. Riverview Trust Co purchased a new stake in Charter Communications in the 1st quarter worth approximately $40,000. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in Charter Communications by 109.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 159 shares of the company’s stock valued at $48,000 after purchasing an additional 83 shares during the period. 81.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on CHTR. Bank of America lifted their price objective on Charter Communications from $360.00 to $385.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Wells Fargo & Company boosted their price objective on Charter Communications from $260.00 to $350.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. Pivotal Research raised their target price on shares of Charter Communications from $400.00 to $435.00 and gave the company a “buy” rating in a research note on Monday, July 29th. TD Cowen boosted their price target on shares of Charter Communications from $488.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Finally, Rosenblatt Securities raised their price objective on shares of Charter Communications from $292.00 to $329.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $356.41.

Charter Communications Trading Down 0.6 %

Shares of CHTR stock opened at $325.61 on Monday. The business has a 50-day moving average of $336.52 and a 200 day moving average of $307.57. The company has a debt-to-equity ratio of 5.84, a current ratio of 0.39 and a quick ratio of 0.39. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $449.69. The stock has a market capitalization of $46.90 billion, a PE ratio of 10.53, a P/E/G ratio of 0.62 and a beta of 1.05.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, July 26th. The company reported $8.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.98 by $0.51. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The firm had revenue of $13.69 billion for the quarter, compared to analysts’ expectations of $13.59 billion. During the same quarter last year, the business earned $8.05 earnings per share. The business’s revenue was up .2% on a year-over-year basis. As a group, sell-side analysts anticipate that Charter Communications, Inc. will post 32.42 earnings per share for the current year.

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.