Charter Communications, Inc. $CHTR Stock Holdings Increased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 5.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 187,959 shares of the company’s stock after purchasing an additional 9,107 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.14% of Charter Communications worth $76,840,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. SouthState Corp bought a new stake in shares of Charter Communications during the 1st quarter worth about $25,000. Atlantic Union Bankshares Corp acquired a new position in shares of Charter Communications in the 2nd quarter valued at $25,000. Salem Investment Counselors Inc. lifted its position in shares of Charter Communications by 2,033.3% in the 2nd quarter. Salem Investment Counselors Inc. now owns 64 shares of the company’s stock valued at $26,000 after acquiring an additional 61 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Charter Communications during the second quarter valued at $28,000. Finally, SBI Securities Co. Ltd. boosted its holdings in shares of Charter Communications by 93.2% during the first quarter. SBI Securities Co. Ltd. now owns 85 shares of the company’s stock worth $31,000 after purchasing an additional 41 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Insider Activity at Charter Communications

In other news, Director David C. Merritt sold 1,200 shares of the firm’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $226.18, for a total value of $271,416.00. Following the completion of the sale, the director directly owned 10,146 shares in the company, valued at approximately $2,294,822.28. This trade represents a 10.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $280.00 target price (down from $350.00) on shares of Charter Communications in a research report on Monday, November 3rd. Royal Bank Of Canada reduced their price objective on Charter Communications from $325.00 to $265.00 and set a “sector perform” rating for the company in a research report on Monday, November 3rd. UBS Group reduced their target price on shares of Charter Communications from $425.00 to $355.00 and set a “neutral” rating for the company in a research note on Monday, July 28th. Wells Fargo & Company reduced their price objective on Charter Communications from $300.00 to $240.00 and set an “equal weight” rating for the company in a research report on Monday, November 3rd. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Charter Communications from $325.00 to $275.00 and set a “hold” rating on the stock in a report on Monday, November 3rd. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $329.56.

Charter Communications Trading Up 0.9%

Shares of CHTR 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 12-month low of $213.50 and a 12-month high of $437.06. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 4.57. The firm has a 50-day moving average price of $257.21 and a 200 day moving average price of $324.54.

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

Charter Communications Company 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.