Asset Management One Co. Ltd. Acquires 1,804 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Asset Management One Co. Ltd. increased its holdings in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 4.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,818 shares of the company's stock after buying an additional 1,804 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Charter Communications were worth $14,306,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ST Germain D J Co. Inc. boosted its holdings in shares of Charter Communications by 1,283.3% in the first quarter. ST Germain D J Co. Inc. now owns 83 shares of the company's stock worth $31,000 after buying an additional 77 shares during the last quarter. Generali Asset Management SPA SGR purchased a new position in shares of Charter Communications in the fourth quarter worth approximately $36,000. Brown Brothers Harriman & Co. boosted its holdings in shares of Charter Communications by 37.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock worth $36,000 after buying an additional 29 shares during the last quarter. NBC Securities Inc. purchased a new position in shares of Charter Communications in the first quarter worth approximately $47,000. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Charter Communications by 29.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the company's stock worth $97,000 after buying an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Raymond James Financial raised shares of Charter Communications from an "underperform" rating to a "market perform" rating in a report on Monday, May 19th. Oppenheimer raised shares of Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 price target on the stock in a report on Friday, May 16th. Loop Capital raised shares of Charter Communications from a "hold" rating to a "buy" rating and lifted their price target for the company from $430.00 to $510.00 in a report on Monday, May 19th. Wolfe Research raised shares of Charter Communications from an "underperform" rating to a "peer perform" rating in a report on Friday, June 20th. Finally, UBS Group lifted their price target on shares of Charter Communications from $400.00 to $425.00 and gave the company a "neutral" rating in a report on Wednesday, June 18th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $410.20.

Charter Communications Price Performance

Shares of CHTR stock traded up $6.96 during mid-day trading on Friday, hitting $400.97. The company had a trading volume of 1,942,812 shares, compared to its average volume of 1,280,333. Charter Communications, Inc. has a 52-week low of $286.66 and a 52-week high of $437.06. The stock's 50 day moving average price is $391.17 and its 200-day moving average price is $367.95. The company has a debt-to-equity ratio of 4.54, a current ratio of 0.36 and a quick ratio of 0.36. The company has a market capitalization of $56.28 billion, a P/E ratio of 11.19, a P/E/G ratio of 0.43 and a beta of 1.07.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The company reported $8.42 earnings per share for the quarter, missing the consensus estimate of $8.70 by ($0.28). Charter Communications had a return on equity of 27.70% and a net margin of 9.42%. The business had revenue of $13.74 billion during the quarter, compared to the consensus estimate of $13.67 billion. During the same quarter in the prior year, the firm posted $7.55 EPS. The company's revenue for the quarter was up .4% on a year-over-year basis. Equities research analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share 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.