Charter Communications, Inc. $CHTR Stock: Sumitomo Mitsui DS Asset Management Company Ltd Raises Position

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 524.1% during the 3rd quarter, Holdings Channel reports. The firm owned 71,549 shares of the company’s stock after buying an additional 60,085 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Charter Communications were worth $7,935,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Gabelli Funds LLC raised its stake in shares of Charter Communications by 0.3% during the 1st quarter. Gabelli Funds LLC now owns 30,000 shares of the company’s stock worth $6,476,000 after buying an additional 100 shares during the period. V Square Quantitative Management LLC lifted its position in shares of Charter Communications by 3.9% during the 1st quarter. V Square Quantitative Management LLC now owns 2,768 shares of the company’s stock valued at $598,000 after buying an additional 104 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Charter Communications by 6.3% during the 1st quarter. NewEdge Advisors LLC now owns 1,762 shares of the company’s stock valued at $380,000 after buying an additional 104 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Charter Communications by 11.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,063 shares of the company’s stock valued at $229,000 after buying an additional 112 shares in the last quarter. Finally, Glenmede Trust Co. NA grew its stake in Charter Communications by 2.1% in the 1st quarter. Glenmede Trust Co. NA now owns 5,480 shares of the company’s stock valued at $1,183,000 after acquiring an additional 113 shares during the period. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CHTR shares. Sanford C. Bernstein reissued a “market perform” rating and issued a $150.00 price target on shares of Charter Communications in a research note on Monday, July 27th. UBS Group reduced their price objective on shares of Charter Communications from $235.00 to $140.00 and set a “neutral” rating for the company in a research report on Monday, July 27th. Wells Fargo & Company decreased their price objective on shares of Charter Communications from $160.00 to $101.00 and set an “underweight” rating on the stock in a report on Monday, July 27th. Bank of America reaffirmed a “buy” rating on shares of Charter Communications in a report on Monday, July 27th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Charter Communications from $200.00 to $150.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 29th. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and seven have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $202.53.

Charter Communications Stock Down 2.5%

NASDAQ CHTR opened at $107.26 on Thursday. The business has a fifty day moving average price of $130.26 and a 200 day moving average price of $147.05. Charter Communications, Inc. has a one year low of $101.63 and a one year high of $254.11. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.36 and a current ratio of 0.36. The company has a market cap of $12.79 billion, a P/E ratio of 2.79, a P/E/G ratio of 0.23 and a beta of 0.70.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, July 24th. The company reported $10.66 earnings per share for the quarter, beating analysts’ consensus estimates of $9.98 by $0.68. Charter Communications had a return on equity of 23.71% and a net margin of 9.05%. The company had revenue of $13.53 billion for the quarter, compared to analyst estimates of $13.51 billion. During the same quarter last year, the firm posted $9.18 EPS. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. Research analysts anticipate that Charter Communications, Inc. will post 42.92 EPS for the current fiscal year.

Charter Communications Profile

Charter Communications, Inc is a telecommunications and broadband services company that operates under the Spectrum brand. The company provides internet access, video entertainment, mobile communications and voice services to residential customers, as well as connectivity, data networking, cloud, security and other communications solutions to businesses and government organizations.

Charter operates one of the largest broadband networks in the United States, serving customers across dozens of states.