Mitsubishi UFJ Trust & Banking Corp Sells 20,822 Shares of Charter Communications, Inc. $CHTR

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 34.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 39,678 shares of the company’s stock after selling 20,822 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Charter Communications were worth $8,283,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. M&T Bank Corp increased its position in Charter Communications by 37.2% during the fourth quarter. M&T Bank Corp now owns 3,967 shares of the company’s stock worth $829,000 after buying an additional 1,075 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in shares of Charter Communications by 45.5% in the fourth quarter. Pictet Asset Management Holding SA now owns 96,183 shares of the company’s stock worth $20,079,000 after buying an additional 30,080 shares during the last quarter. Viewpoint Investment Partners Corp bought a new stake in shares of Charter Communications during the 4th quarter worth about $250,000. Vanguard Group Inc. increased its holdings in shares of Charter Communications by 9.5% during the 4th quarter. Vanguard Group Inc. now owns 10,248,287 shares of the company’s stock valued at $2,139,330,000 after acquiring an additional 885,935 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. increased its holdings in shares of Charter Communications by 1.6% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 3,662 shares of the company’s stock valued at $764,000 after acquiring an additional 56 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Insider Activity at Charter Communications

In related news, Director Wade Davis purchased 5,728 shares of Charter Communications stock in a transaction on Tuesday, April 28th. The stock was purchased at an average cost of $173.72 per share, with a total value of $995,068.16. Following the acquisition, the director directly owned 6,925 shares in the company, valued at approximately $1,203,011. This trade represents a 478.53% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Balan Nair purchased 1,000 shares of the firm’s stock in a transaction on Tuesday, April 28th. The stock was bought at an average price 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 in the company, valued at approximately $2,110,608.34. The trade was a 9.07% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 10,196 shares of company stock worth $1,767,822 in the last ninety days. 1.10% of the stock is currently owned by insiders.

Charter Communications Stock Performance

CHTR opened at $171.77 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.40 and a debt-to-equity ratio of 4.56. The stock’s 50 day moving average price is $219.14 and its two-hundred day moving average price is $216.33. The firm has a market capitalization of $21.13 billion, a P/E ratio of 4.64, a price-to-earnings-growth ratio of 0.29 and a beta of 0.76. Charter Communications, Inc. has a 12-month low of $158.00 and a 12-month high of $437.06.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, April 24th. The company reported $9.17 EPS for the quarter, missing analysts’ consensus estimates of $10.01 by ($0.84). The business had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.56 billion. Charter Communications had a return on equity of 24.20% and a net margin of 9.03%.The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the firm earned $8.42 earnings per share. On average, equities analysts forecast that Charter Communications, Inc. will post 43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CHTR has been the subject of several analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Charter Communications in a report on Friday, March 27th. UBS Group set a $425.00 price target on shares of Charter Communications in a research report on Thursday, January 29th. Sanford C. Bernstein reduced their price objective on shares of Charter Communications from $220.00 to $210.00 and set a “market perform” rating for the company in a research note on Monday, April 27th. TD Cowen upped their price objective on shares of Charter Communications from $428.00 to $437.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Finally, JPMorgan Chase & Co. initiated coverage on shares of Charter Communications in a research note on Wednesday. They issued a “neutral” rating and a $215.00 target price on the stock. Six equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $315.67.

Charter Communications Company Profile

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.