Nomura Asset Management Co. Ltd. Has $11.83 Million Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Nomura Asset Management Co. Ltd. decreased its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 2.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,502 shares of the company’s stock after selling 933 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Charter Communications were worth $11,826,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. New Age Alpha Advisors LLC purchased a new position in Charter Communications during the 4th quarter worth $593,000. Norges Bank purchased a new position in Charter Communications during the fourth quarter worth about $1,032,236,000. NEOS Investment Management LLC grew its position in Charter Communications by 18.7% in the 4th quarter. NEOS Investment Management LLC now owns 14,379 shares of the company’s stock worth $4,929,000 after purchasing an additional 2,263 shares in the last quarter. UniSuper Management Pty Ltd lifted its position in shares of Charter Communications by 19.1% during the 4th quarter. UniSuper Management Pty Ltd now owns 8,694 shares of the company’s stock worth $2,980,000 after buying an additional 1,393 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Charter Communications by 6.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 159,570 shares of the company’s stock worth $57,182,000 after buying an additional 9,800 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on CHTR shares. Benchmark reiterated a “buy” rating and set a $450.00 price target on shares of Charter Communications in a report on Friday, January 31st. Royal Bank of Canada boosted their price target on shares of Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. StockNews.com downgraded shares of Charter Communications from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th. Barclays boosted their target price on shares of Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research note on Monday, February 3rd. Finally, Citigroup assumed coverage on shares of Charter Communications in a research note on Friday, March 14th. They set a “buy” rating and a $425.00 price target for the company. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Charter Communications presently has an average rating of “Hold” and an average price target of $393.18.

Charter Communications Stock Performance

NASDAQ:CHTR opened at $369.02 on Monday. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27. The firm has a market cap of $52.47 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. The business has a 50 day moving average price of $359.70 and a 200-day moving average price of $356.88.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share 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 in the previous year, the company posted $7.07 earnings per share. Equities research analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

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.