Mitsubishi UFJ Asset Management Co. Ltd. Has $76.84 Million Stock Holdings in Charter Communications, Inc. $CHTR

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 5.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 187,959 shares of the company’s stock after purchasing an additional 9,107 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Charter Communications were worth $76,840,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of CHTR. JPMorgan Chase & Co. grew its holdings in Charter Communications by 53.6% during the 1st quarter. JPMorgan Chase & Co. now owns 2,310,073 shares of the company’s stock worth $851,331,000 after acquiring an additional 806,145 shares during the period. Allianz Asset Management GmbH boosted its holdings in Charter Communications by 48.8% during the second quarter. Allianz Asset Management GmbH now owns 745,271 shares of the company’s stock worth $304,674,000 after buying an additional 244,324 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Charter Communications by 22.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,099,293 shares of the company’s stock valued at $405,118,000 after acquiring an additional 198,444 shares during the period. Nuveen LLC acquired a new stake in Charter Communications in the first quarter worth $71,956,000. Finally, Invesco Ltd. raised its holdings in Charter Communications by 7.0% in the first quarter. Invesco Ltd. now owns 1,834,807 shares of the company’s stock worth $676,181,000 after purchasing an additional 120,624 shares during the period. 81.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Charter Communications

In related news, Director David C. Merritt sold 1,200 shares of Charter Communications stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $226.18, for a total value of $271,416.00. Following the completion of the sale, the director owned 10,146 shares of the company’s stock, valued at approximately $2,294,822.28. This trade represents a 10.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.83% of the stock is owned by insiders.

Charter Communications Stock Performance

Charter Communications stock opened at $219.86 on Monday. The company has a market capitalization of $30.03 billion, a P/E ratio of 6.02, a P/E/G ratio of 0.55 and a beta of 1.04. Charter Communications, Inc. has a 1 year low of $213.50 and a 1 year high of $437.06. The business has a 50 day moving average of $257.21 and a 200-day moving average of $324.54. The company has a debt-to-equity ratio of 4.57, a current ratio of 0.33 and a quick ratio of 0.33.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, October 31st. The company reported $8.34 earnings per share for the quarter, missing analysts’ consensus estimates of $9.66 by ($1.32). Charter Communications had a return on equity of 26.77% and a net margin of 9.53%.The firm had revenue of $13.67 billion for the quarter, compared to the consensus estimate of $13.76 billion. During the same period in the prior year, the business earned $8.82 EPS. Charter Communications’s quarterly revenue was down .7% on a year-over-year basis. On average, equities research analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Bank of America reduced their target price on Charter Communications from $440.00 to $355.00 and set a “buy” rating on the stock in a report on Wednesday, September 24th. Oppenheimer lowered shares of Charter Communications from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 4th. Royal Bank Of Canada lowered their target price on Charter Communications from $325.00 to $265.00 and set a “sector perform” rating for the company in a report on Monday, November 3rd. BNP Paribas Exane reduced their price target on Charter Communications from $255.00 to $200.00 and set an “underperform” rating for the company in a research report on Tuesday, November 4th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Charter Communications in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Charter Communications presently has a consensus rating of “Reduce” and an average target price of $329.56.

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.