Mufg Securities Americas Inc. Buys New Shares in Charter Communications, Inc. (NASDAQ:CHTR)

Mufg Securities Americas Inc. purchased a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,428 shares of the company's stock, valued at approximately $489,000.

A number of other large investors also recently made changes to their positions in the business. Avior Wealth Management LLC grew its stake in Charter Communications by 104.7% in the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock worth $30,000 after purchasing an additional 45 shares in the last quarter. Sierra Ocean LLC acquired a new stake in Charter Communications in the fourth quarter worth approximately $32,000. Generali Asset Management SPA SGR acquired a new stake in shares of Charter Communications during the 4th quarter valued at $36,000. Brown Brothers Harriman & Co. lifted its position in shares of Charter Communications by 37.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock valued at $36,000 after acquiring an additional 29 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. purchased a new stake in shares of Charter Communications in the fourth quarter valued at $45,000. Hedge funds and other institutional investors own 81.76% of the company's stock.

Charter Communications Stock Performance

Shares of NASDAQ CHTR traded down $8.62 during midday trading on Monday, reaching $418.63. 1,821,507 shares of the company traded hands, compared to its average volume of 1,262,865. Charter Communications, Inc. has a 52 week low of $266.06 and a 52 week high of $437.06. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market cap of $58.76 billion, a price-to-earnings ratio of 11.97, a PEG ratio of 0.44 and a beta of 1.11. The stock has a 50-day moving average price of $365.54 and a 200 day moving average price of $366.33.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The company reported $8.42 EPS for the quarter, missing the consensus estimate of $8.70 by ($0.28). The firm had revenue of $13.74 billion during the quarter, compared to the consensus estimate of $13.67 billion. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. The company's quarterly revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $7.55 EPS. Sell-side analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

CHTR has been the topic of a number of recent research reports. Benchmark reissued a "buy" rating and set a $450.00 target price on shares of Charter Communications in a research report on Friday, January 31st. StockNews.com upgraded shares of Charter Communications from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Wells Fargo & Company lifted their price target on Charter Communications from $380.00 to $400.00 and gave the stock an "equal weight" rating in a report on Monday, April 28th. Oppenheimer upgraded shares of Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 target price on the stock in a research report on Friday. Finally, Barclays upped their price target on shares of Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $409.39.

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.