Mitsubishi UFJ Asset Management Co. Ltd. Acquires 9,800 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 6.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 159,570 shares of the company’s stock after buying an additional 9,800 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.11% of Charter Communications worth $57,182,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Intech Investment Management LLC increased its holdings in Charter Communications by 52.8% during the 3rd quarter. Intech Investment Management LLC now owns 2,959 shares of the company’s stock worth $959,000 after purchasing an additional 1,023 shares in the last quarter. Cerity Partners LLC increased its position in shares of Charter Communications by 62.8% during the 3rd quarter. Cerity Partners LLC now owns 16,687 shares of the company’s stock worth $5,408,000 after purchasing an additional 6,435 shares during the last quarter. Dai ichi Life Insurance Company Ltd boosted its holdings in shares of Charter Communications by 271.0% in the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 2,738 shares of the company’s stock valued at $887,000 after buying an additional 2,000 shares during the last quarter. FMR LLC grew its stake in shares of Charter Communications by 27.7% in the third quarter. FMR LLC now owns 1,064,948 shares of the company’s stock valued at $345,128,000 after buying an additional 230,817 shares in the last quarter. Finally, Townsquare Capital LLC raised its position in Charter Communications by 16.8% during the third quarter. Townsquare Capital LLC now owns 1,721 shares of the company’s stock worth $558,000 after acquiring an additional 248 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Stock Performance

Charter Communications stock opened at $369.02 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The stock has a market cap of $52.47 billion, a PE ratio of 10.56, a P/E/G ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27. The business’s 50-day moving average price is $359.70 and its two-hundred day moving average price is $356.44.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same quarter last year, the firm posted $7.07 EPS. As a group, analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CHTR has been the subject of several recent analyst reports. Royal Bank of Canada raised their target price on shares of Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a research note on Monday, February 3rd. Barclays lifted their target price on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd. StockNews.com cut Charter Communications from a “buy” rating to a “hold” rating in a research note on Wednesday. Citigroup assumed coverage on shares of Charter Communications in a research report on Friday, March 14th. They set a “buy” rating and a $425.00 price objective for the company. Finally, Benchmark reaffirmed a “buy” rating and issued a $450.00 target price on shares of Charter Communications in a research report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Charter Communications presently has an average rating of “Hold” and a consensus target price of $393.18.

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.