Asset Management One Co. Ltd. Acquires 533 Shares of Charter Communications, Inc. $CHTR

Asset Management One Co. Ltd. grew its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 1.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,351 shares of the company’s stock after buying an additional 533 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Charter Communications were worth $16,087,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Charter Communications by 25.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,691 shares of the company’s stock valued at $6,028,000 after purchasing an additional 2,990 shares during the period. Fulton Breakefield Broenniman LLC bought a new stake in shares of Charter Communications in the 2nd quarter valued at about $789,000. Caledonia Investments PLC raised its holdings in shares of Charter Communications by 8.3% in the 2nd quarter. Caledonia Investments PLC now owns 153,200 shares of the company’s stock valued at $62,628,000 after purchasing an additional 11,800 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Charter Communications in the 2nd quarter valued at about $39,695,000. Finally, WBI Investments LLC bought a new stake in shares of Charter Communications in the 1st quarter valued at about $733,000. 81.76% of the stock is owned by institutional investors.

Insider Activity at Charter Communications

In other Charter Communications news, Director Balan Nair bought 360 shares of the stock in a transaction dated Thursday, July 31st. The shares were bought at an average cost of $274.21 per share, with a total value of $98,715.60. Following the completion of the acquisition, the director owned 9,622 shares of the company’s stock, valued at $2,638,448.62. This trade represents a 3.89% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Christopher L. Winfrey bought 3,670 shares of the stock in a transaction dated Thursday, July 31st. The shares were acquired at an average cost of $273.10 per share, for a total transaction of $1,002,277.00. Following the completion of the acquisition, the chief executive officer directly owned 70,243 shares of the company’s stock, valued at approximately $19,183,363.30. This trade represents a 5.51% increase in their position. The disclosure for this purchase can be found here. 0.83% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Charter Communications in a report on Tuesday, September 2nd. They issued a “sell” rating and a $223.00 target price on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Charter Communications from $370.00 to $325.00 and set a “hold” rating on the stock in a report on Monday, October 6th. UBS Group lowered their price target on shares of Charter Communications from $425.00 to $355.00 and set a “neutral” rating on the stock in a report on Monday, July 28th. Royal Bank Of Canada lowered their price target on shares of Charter Communications from $370.00 to $325.00 and set a “sector perform” rating on the stock in a report on Monday, October 6th. Finally, Wells Fargo & Company initiated coverage on shares of Charter Communications in a report on Thursday, August 21st. They issued an “equal weight” rating and a $300.00 price target on the stock. Eight equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $373.71.

Charter Communications Stock Up 0.1%

Charter Communications stock opened at $244.20 on Friday. The stock has a market cap of $33.36 billion, a P/E ratio of 6.69, a P/E/G ratio of 0.56 and a beta of 1.05. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 4.57. Charter Communications, Inc. has a twelve month low of $243.61 and a twelve month high of $437.06. The company’s 50-day moving average price is $264.77 and its two-hundred day moving average price is $332.13.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, July 25th. The company reported $9.18 EPS for the quarter, missing the consensus estimate of $10.06 by ($0.88). Charter Communications had a return on equity of 26.77% and a net margin of 9.53%.The business had revenue of $13.77 billion for the quarter, compared to the consensus estimate of $13.76 billion. During the same period in the prior year, the business posted $8.49 earnings per share. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, analysts expect that Charter Communications, Inc. will post 38.16 EPS 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.