Tokio Marine Asset Management Co. Ltd. Grows Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTRFree Report) by 9.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,403 shares of the company’s stock after acquiring an additional 200 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Charter Communications were worth $698,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Wetzel Investment Advisors Inc. bought a new position in shares of Charter Communications during the 4th quarter valued at approximately $25,000. Riverview Trust Co bought a new position in Charter Communications in the 1st quarter worth approximately $40,000. Turtle Creek Wealth Advisors LLC bought a new position in Charter Communications in the 4th quarter worth approximately $44,000. Cullen Frost Bankers Inc. boosted its stake in Charter Communications by 769.2% in the 4th quarter. Cullen Frost Bankers Inc. now owns 113 shares of the company’s stock worth $44,000 after purchasing an additional 100 shares during the period. Finally, Bourgeon Capital Management LLC boosted its stake in Charter Communications by 219.5% in the 4th quarter. Bourgeon Capital Management LLC now owns 131 shares of the company’s stock worth $51,000 after purchasing an additional 90 shares during the period. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Price Performance

Shares of CHTR stock opened at $301.79 on Monday. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $458.30. The stock’s 50-day moving average is $278.57 and its 200 day moving average is $302.13. The company has a market cap of $43.47 billion, a P/E ratio of 9.76, a PEG ratio of 1.30 and a beta of 1.04. The company has a debt-to-equity ratio of 6.28, a current ratio of 0.40 and a quick ratio of 0.40.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CHTR. Pivotal Research decreased their price objective on Charter Communications from $450.00 to $400.00 and set a “buy” rating on the stock in a report on Monday, April 29th. Bank of America decreased their price objective on Charter Communications from $315.00 to $300.00 and set a “neutral” rating on the stock in a report on Monday, April 29th. JPMorgan Chase & Co. decreased their price target on Charter Communications from $370.00 to $335.00 and set a “neutral” rating on the stock in a report on Monday, April 1st. Barclays decreased their price target on Charter Communications from $280.00 to $250.00 and set an “underweight” rating on the stock in a report on Tuesday, April 2nd. Finally, Wells Fargo & Company decreased their price target 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. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $341.47.

View Our Latest Stock Report on Charter Communications

Charter Communications 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.

See Also

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

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