Sumitomo Mitsui Trust Holdings Inc. Sells 4,339 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Sumitomo Mitsui Trust Holdings Inc. trimmed its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 240,787 shares of the company's stock after selling 4,339 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.16% of Charter Communications worth $93,589,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Pzena Investment Management LLC increased its position in shares of Charter Communications by 21.0% in the third quarter. Pzena Investment Management LLC now owns 1,459,148 shares of the company's stock valued at $641,762,000 after acquiring an additional 253,324 shares during the last quarter. Morgan Stanley increased its position in shares of Charter Communications by 15.8% in the third quarter. Morgan Stanley now owns 1,186,738 shares of the company's stock valued at $521,952,000 after acquiring an additional 161,830 shares during the last quarter. Parnassus Investments LLC acquired a new stake in shares of Charter Communications in the third quarter valued at about $508,684,000. Wellington Management Group LLP increased its position in shares of Charter Communications by 8.0% in the first quarter. Wellington Management Group LLP now owns 1,132,651 shares of the company's stock valued at $617,882,000 after acquiring an additional 84,302 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Charter Communications by 2.2% in the third quarter. Northern Trust Corp now owns 1,048,544 shares of the company's stock valued at $461,171,000 after acquiring an additional 22,494 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Price Performance

Shares of CHTR stock traded up $0.46 during trading on Wednesday, hitting $258.03. The company had a trading volume of 997,483 shares, compared to its average volume of 1,613,357. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market capitalization of $37.47 billion, a P/E ratio of 8.60, a price-to-earnings-growth ratio of 0.43 and a beta of 0.96. The stock's 50-day moving average price is $285.23 and its 200 day moving average price is $355.98. Charter Communications, Inc. has a one year low of $254.31 and a one year high of $458.30.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings results on Friday, February 2nd. The company reported $7.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.76 by ($1.69). The company had revenue of $13.71 billion during the quarter, compared to the consensus estimate of $13.70 billion. Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. The company's quarterly revenue was up .3% on a year-over-year basis. During the same quarter last year, the firm posted $7.69 earnings per share. Equities analysts expect that Charter Communications, Inc. will post 32.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CHTR shares. JPMorgan Chase & Co. lowered their price target on Charter Communications from $370.00 to $335.00 and set a "neutral" rating on the stock in a research report on Monday, April 1st. Sanford C. Bernstein raised Charter Communications from a "market perform" rating to an "outperform" rating and set a $370.00 price target on the stock in a research report on Monday, March 18th. Bank of America lowered their price target on Charter Communications from $350.00 to $315.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 9th. Rosenblatt Securities lowered their price target on Charter Communications from $334.00 to $297.00 and set a "neutral" rating on the stock in a research report on Monday. Finally, UBS Group lowered their price target on Charter Communications from $360.00 to $325.00 and set a "neutral" rating on the stock in a research report on Thursday, March 28th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given 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 target price of $380.80.

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.