Resona Asset Management Co. Ltd. Invests $9.70 Million in Charter Communications, Inc. (NASDAQ:CHTR)

Resona Asset Management Co. Ltd. acquired a new position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 28,217 shares of the company's stock, valued at approximately $9,697,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHTR. Atlas Capital Advisors Inc. raised its holdings in shares of Charter Communications by 1,961.4% in the 4th quarter. Atlas Capital Advisors Inc. now owns 1,443 shares of the company's stock worth $495,000 after purchasing an additional 1,373 shares during the period. Pitcairn Co. increased its position in Charter Communications by 50.0% in the fourth quarter. Pitcairn Co. now owns 1,862 shares of the company's stock worth $638,000 after buying an additional 621 shares during the last quarter. Long Path Partners LP bought a new stake in shares of Charter Communications in the fourth quarter valued at $6,914,000. Ardmore Road Asset Management LP bought a new position in shares of Charter Communications during the 4th quarter worth $17,138,000. Finally, Trexquant Investment LP increased its holdings in Charter Communications by 100.1% in the 4th quarter. Trexquant Investment LP now owns 37,465 shares of the company's stock worth $12,842,000 after acquiring an additional 18,738 shares during the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on CHTR. Barclays raised their price objective on shares of Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a report on Monday, February 3rd. Citigroup assumed coverage on Charter Communications in a research report on Friday, March 14th. They set a "buy" rating and a $425.00 price target for the company. Royal Bank of Canada upped their price objective on shares of Charter Communications from $380.00 to $385.00 and gave the stock a "sector perform" rating in a research report on Monday, February 3rd. BNP Paribas reiterated an "underperform" rating and set a $290.00 target price on shares of Charter Communications in a research report on Thursday. Finally, Benchmark reissued a "buy" rating and issued a $450.00 price target on shares of Charter Communications in a research note on Friday, January 31st. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $389.06.

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Charter Communications Stock Down 0.6 %

CHTR stock traded down $2.16 during midday trading on Friday, hitting $333.32. The stock had a trading volume of 326,385 shares, compared to its average volume of 1,240,754. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market cap of $47.31 billion, a price-to-earnings ratio of 9.56, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. The business has a 50-day moving average of $358.36 and a two-hundred day moving average of $357.57. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping the consensus estimate of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same period in the prior year, the company posted $7.07 EPS. As a group, equities 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.