Sumitomo Mitsui Trust Holdings Inc. Purchases 1,467 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Sumitomo Mitsui Trust Holdings Inc. boosted its position in Charter Communications, Inc. (NASDAQ:CHTRFree Report) by 0.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 242,254 shares of the company’s stock after acquiring an additional 1,467 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.17% of Charter Communications worth $70,406,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hi Line Capital Management LLC bought a new position in Charter Communications in the first quarter worth approximately $5,535,000. Aviance Capital Partners LLC lifted its holdings in shares of Charter Communications by 5.0% in the first quarter. Aviance Capital Partners LLC now owns 8,412 shares of the company’s stock valued at $2,445,000 after purchasing an additional 397 shares in the last quarter. Sendero Wealth Management LLC lifted its holdings in shares of Charter Communications by 15.2% in the first quarter. Sendero Wealth Management LLC now owns 16,515 shares of the company’s stock valued at $4,800,000 after purchasing an additional 2,177 shares in the last quarter. Aspiriant LLC lifted its holdings in shares of Charter Communications by 9.7% in the first quarter. Aspiriant LLC now owns 1,681 shares of the company’s stock valued at $489,000 after purchasing an additional 148 shares in the last quarter. Finally, Riverview Trust Co bought a new position in shares of Charter Communications in the first quarter valued at approximately $40,000. Institutional investors own 81.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Rosenblatt Securities dropped their target price on Charter Communications from $297.00 to $292.00 and set a “neutral” rating on the stock in a report on Monday, April 29th. Wells Fargo & Company dropped their target price on Charter Communications from $290.00 to $260.00 and set an “equal weight” rating on the stock in a report on Monday, April 29th. Pivotal Research decreased their price target on Charter Communications from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Sanford C. Bernstein raised Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 price target for the company in a research report on Monday, March 18th. Finally, Barclays decreased their price target on Charter Communications from $280.00 to $250.00 and set an “underweight” rating for the company in a research report on Tuesday, April 2nd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $341.47.

Read Our Latest Analysis on Charter Communications

Charter Communications Stock Performance

NASDAQ:CHTR opened at $301.79 on Friday. The company has a debt-to-equity ratio of 6.28, a current ratio of 0.40 and a quick ratio of 0.40. The business has a fifty day simple moving average of $278.57 and a two-hundred day simple moving average of $303.26. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $458.30. The company has a market capitalization of $43.47 billion, a P/E ratio of 9.76, a P/E/G ratio of 1.30 and a beta of 1.04.

Charter Communications (NASDAQ:CHTRGet Free Report) last released its earnings results on Friday, April 26th. The company reported $7.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23). The firm had revenue of $13.68 billion during the quarter, compared to analysts’ expectations of $13.75 billion. Charter Communications had a return on equity of 31.42% and a net margin of 8.50%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the business earned $6.65 earnings per share. On average, analysts expect that Charter Communications, Inc. will post 32.15 earnings per share for the current year.

Charter Communications Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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