Daiwa Securities Group Inc. Has $8.52 Million Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Daiwa Securities Group Inc. trimmed its position in Charter Communications, Inc. (NASDAQ:CHTR) by 5.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,299 shares of the company’s stock after selling 1,508 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Charter Communications were worth $8,523,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

CHTR has been the topic of several recent analyst reports. TD Cowen boosted their price target on Charter Communications from $488.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. upped their target price on shares of Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Rosenblatt Securities lifted their price target on shares of Charter Communications from $292.00 to $329.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Barclays raised their price objective on shares of Charter Communications from $300.00 to $315.00 and gave the stock an “underweight” rating in a report on Monday, November 4th. Finally, Citigroup upgraded shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 target price for the company in a research note on Wednesday, September 11th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Charter Communications currently has a consensus rating of “Hold” and a consensus price target of $379.06.

Charter Communications Stock Down 1.0 %

Shares of NASDAQ:CHTR opened at $384.47 on Tuesday. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a market cap of $54.67 billion, a price-to-earnings ratio of 12.04, a P/E/G ratio of 0.62 and a beta of 1.03. The company has a 50 day moving average of $348.93 and a 200-day moving average of $326.68. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27.

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