Charter Communications, Inc. $CHTR Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 3.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 199,103 shares of the company’s stock after purchasing an additional 5,785 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Charter Communications were worth $41,668,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CHTR. AQR Capital Management LLC increased its stake in Charter Communications by 129.1% during the 1st quarter. AQR Capital Management LLC now owns 11,875 shares of the company’s stock worth $4,356,000 after buying an additional 6,691 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in Charter Communications by 16.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 913 shares of the company’s stock worth $336,000 after buying an additional 128 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Charter Communications by 48.1% during the 1st quarter. Jones Financial Companies Lllp now owns 1,339 shares of the company’s stock worth $493,000 after buying an additional 435 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Charter Communications by 141.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock worth $35,000 after buying an additional 55 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in Charter Communications by 451.1% during the 1st quarter. Acadian Asset Management LLC now owns 733 shares of the company’s stock worth $270,000 after buying an additional 600 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Insider Activity

In related news, Director Balan Nair purchased 1,000 shares of the company’s stock in a transaction dated Tuesday, April 28th. The stock was acquired at an average cost of $175.46 per share, for a total transaction of $175,460.00. Following the completion of the transaction, the director directly owned 12,029 shares of the company’s stock, valued at approximately $2,110,608.34. This trade represents a 9.07% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Christopher L. Winfrey purchased 3,468 shares of the company’s stock in a transaction dated Tuesday, April 28th. The stock was bought at an average price of $172.23 per share, with a total value of $597,293.64. Following the completion of the transaction, the chief executive officer directly owned 74,409 shares of the company’s stock, valued at approximately $12,815,462.07. This represents a 4.89% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased 10,196 shares of company stock worth $1,767,822 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on CHTR. Benchmark cut their price objective on Charter Communications from $455.00 to $435.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Zacks Research upgraded Charter Communications from a “strong sell” rating to a “hold” rating in a research note on Monday, February 16th. Deutsche Bank Aktiengesellschaft cut their price objective on Charter Communications from $235.00 to $215.00 and set a “hold” rating for the company in a research note on Monday, April 27th. BNP Paribas Exane cut their price objective on Charter Communications from $160.00 to $150.00 and set an “underperform” rating for the company in a research note on Tuesday, February 24th. Finally, JPMorgan Chase & Co. began coverage on Charter Communications in a research note on Wednesday, April 29th. They set a “neutral” rating and a $215.00 price objective for the company. Six investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $315.67.

Charter Communications Price Performance

CHTR stock opened at $154.86 on Friday. The company has a debt-to-equity ratio of 4.56, a current ratio of 0.40 and a quick ratio of 0.40. The business has a 50 day simple moving average of $214.85 and a 200-day simple moving average of $213.88. The firm has a market capitalization of $19.05 billion, a PE ratio of 4.18, a price-to-earnings-growth ratio of 0.28 and a beta of 0.76. Charter Communications, Inc. has a 1 year low of $154.70 and a 1 year high of $437.06.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, April 24th. The company reported $9.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.01 by ($0.84). The company had revenue of $13.60 billion during the quarter, compared to analysts’ expectations of $13.56 billion. Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. Charter Communications’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter last year, the company earned $8.42 earnings per share. Equities research analysts anticipate that Charter Communications, Inc. will post 43 earnings per share for the current fiscal year.

About Charter Communications

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.