Sumitomo Mitsui Trust Group Inc. Raises Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Sumitomo Mitsui Trust Group Inc. raised its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 2.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 229,374 shares of the company's stock after buying an additional 5,622 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.16% of Charter Communications worth $84,531,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Makaira Partners LLC lifted its stake in Charter Communications by 4.0% during the fourth quarter. Makaira Partners LLC now owns 373,191 shares of the company's stock worth $127,919,000 after purchasing an additional 14,510 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of Charter Communications by 213.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 26,344 shares of the company's stock worth $9,030,000 after buying an additional 17,952 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Charter Communications by 21.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,893 shares of the company's stock valued at $1,435,000 after buying an additional 676 shares in the last quarter. NBC Securities Inc. bought a new position in Charter Communications in the first quarter valued at about $47,000. Finally, Ritholtz Wealth Management raised its stake in Charter Communications by 6.3% during the first quarter. Ritholtz Wealth Management now owns 3,514 shares of the company's stock worth $1,295,000 after acquiring an additional 209 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company's stock.

Analysts Set New Price Targets

CHTR has been the topic of several research reports. Wall Street Zen raised shares of Charter Communications from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Sanford C. Bernstein downgraded shares of Charter Communications from an "outperform" rating to a "market perform" rating and set a $410.00 price target for the company. in a report on Monday, June 2nd. Loop Capital raised Charter Communications from a "hold" rating to a "buy" rating and raised their price objective for the company from $430.00 to $510.00 in a report on Monday, May 19th. Bank of America boosted their price objective on Charter Communications from $450.00 to $500.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Wolfe Research raised Charter Communications from an "underperform" rating to a "peer perform" rating in a research note on Friday, June 20th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, Charter Communications presently has an average rating of "Hold" and a consensus price target of $421.26.

Charter Communications Stock Down 0.9%

Shares of CHTR traded down $3.63 during trading hours on Wednesday, reaching $414.59. The stock had a trading volume of 159,173 shares, compared to its average volume of 1,265,353. The firm has a 50-day simple moving average of $395.88 and a 200 day simple moving average of $368.45. Charter Communications, Inc. has a 12 month low of $286.66 and a 12 month high of $437.06. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 4.54. The company has a market capitalization of $58.19 billion, a price-to-earnings ratio of 11.55, a P/E/G ratio of 0.44 and a beta of 1.08.

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

About Charter Communications

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.