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

Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 1.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 226,479 shares of the company’s stock after buying an additional 3,069 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.16% of Charter Communications worth $73,397,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Reston Wealth Management LLC acquired a new stake in shares of Charter Communications during the 3rd quarter worth approximately $26,000. Ashton Thomas Securities LLC bought a new position in Charter Communications during the 3rd quarter worth $28,000. CVA Family Office LLC increased its position in Charter Communications by 5,500.0% in the second quarter. CVA Family Office LLC now owns 112 shares of the company’s stock worth $33,000 after buying an additional 110 shares during the period. New Covenant Trust Company N.A. bought a new stake in Charter Communications in the first quarter valued at $34,000. Finally, Grove Bank & Trust grew its position in shares of Charter Communications by 39.1% during the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after acquiring an additional 34 shares during the last quarter. Institutional investors own 81.76% of the company’s stock.

Analyst Ratings Changes

CHTR has been the subject of a number of analyst reports. Pivotal Research boosted their target price on shares of Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Bank of America upgraded Charter Communications from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $385.00 to $450.00 in a research report on Monday, November 4th. Morgan Stanley raised their target price on Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft boosted their price target on Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Finally, Raymond James lowered Charter Communications from a “market perform” rating to an “underperform” rating in a report on Monday, July 29th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Charter Communications presently has an average rating of “Hold” and an average target price of $379.06.

Charter Communications Trading Down 2.9 %

Shares of CHTR opened at $394.25 on Friday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $421.16. The stock has a market capitalization of $56.06 billion, a P/E ratio of 12.35, a P/E/G ratio of 0.62 and a beta of 1.03. The business’s 50-day moving average price is $340.07 and its 200 day moving average price is $319.36.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.55 by $0.27. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The business had revenue of $13.80 billion for the quarter, compared to analyst estimates of $13.66 billion. During the same quarter in the previous year, the business earned $8.25 earnings per share. The firm’s revenue was up 1.6% compared to the same quarter last year. Analysts expect that Charter Communications, Inc. will post 32.87 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.