Charter Communications, Inc. (NASDAQ:CHTR) Shares Bought by China Universal Asset Management Co. Ltd.

China Universal Asset Management Co. Ltd. increased its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 51.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,506 shares of the company's stock after purchasing an additional 1,192 shares during the period. China Universal Asset Management Co. Ltd.'s holdings in Charter Communications were worth $1,292,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Charter Communications in the 4th quarter valued at about $1,032,236,000. Price T Rowe Associates Inc. MD boosted its position in Charter Communications by 822.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company's stock valued at $433,167,000 after buying an additional 1,126,783 shares during the last quarter. GAMMA Investing LLC boosted its position in Charter Communications by 43,296.0% in the 1st quarter. GAMMA Investing LLC now owns 857,938 shares of the company's stock valued at $316,176,000 after buying an additional 855,961 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Charter Communications by 130.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company's stock valued at $369,566,000 after buying an additional 609,554 shares during the last quarter. Finally, LSV Asset Management boosted its position in Charter Communications by 8,343.1% in the 4th quarter. LSV Asset Management now owns 177,305 shares of the company's stock valued at $60,775,000 after buying an additional 175,205 shares during the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CHTR has been the subject of a number of analyst reports. Oppenheimer raised shares of Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 price objective for the company in a research report on Friday, May 16th. UBS Group upped their price objective on shares of Charter Communications from $400.00 to $425.00 and gave the company a "neutral" rating in a research report on Wednesday, June 18th. Bank of America upped their price objective on shares of Charter Communications from $450.00 to $500.00 and gave the company a "buy" rating in a research report on Tuesday, July 1st. Morgan Stanley increased their price target on shares of Charter Communications from $385.00 to $415.00 and gave the stock an "equal weight" rating in a research report on Monday, April 28th. Finally, Citigroup increased their price target on shares of Charter Communications from $425.00 to $445.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $421.26.

Charter Communications Stock Performance

CHTR traded down $9.38 on Friday, hitting $392.20. 813,949 shares of the company's stock were exchanged, compared to its average volume of 1,267,219. The firm has a market cap of $55.05 billion, a PE ratio of 10.95, a P/E/G ratio of 0.44 and a beta of 1.08. Charter Communications, Inc. has a twelve month low of $303.77 and a twelve month high of $437.06. The stock has a fifty day moving average of $401.73 and a two-hundred day moving average of $371.06. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 4.54.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $13.67 billion. During the same quarter last year, the company earned $7.55 EPS. Charter Communications's revenue was up .4% compared to the same quarter last year. On average, research analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal 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.