Asset Management One Co. Ltd. Buys 1,839 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Asset Management One Co. Ltd. boosted its holdings in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,014 shares of the company's stock after buying an additional 1,839 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Charter Communications were worth $12,905,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. CWM LLC increased its position in Charter Communications by 8.8% during the 3rd quarter. CWM LLC now owns 1,751 shares of the company's stock valued at $567,000 after purchasing an additional 141 shares during the period. Creative Planning increased its position in Charter Communications by 1.5% during the 3rd quarter. Creative Planning now owns 10,981 shares of the company's stock valued at $3,559,000 after purchasing an additional 161 shares during the period. Bleakley Financial Group LLC increased its position in Charter Communications by 16.1% during the 3rd quarter. Bleakley Financial Group LLC now owns 4,966 shares of the company's stock valued at $1,609,000 after purchasing an additional 690 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Charter Communications by 2.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,986 shares of the company's stock valued at $3,884,000 after purchasing an additional 277 shares during the period. Finally, Sequoia Financial Advisors LLC increased its position in Charter Communications by 14.3% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,618 shares of the company's stock valued at $848,000 after purchasing an additional 327 shares during the period. Institutional investors own 81.76% of the company's stock.

Charter Communications Price Performance

Shares of CHTR traded up $1.43 during midday trading on Thursday, hitting $363.01. 692,070 shares of the company traded hands, compared to its average volume of 1,125,551. The firm has a market cap of $51.62 billion, a P/E ratio of 10.38, a PEG ratio of 0.44 and a beta of 1.11. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27. 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 stock has a 50-day moving average of $353.41 and a 200-day moving average of $353.60.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, beating analysts' consensus estimates 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 quarter last year, the firm earned $7.07 earnings per share. As a group, sell-side analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Analyst Ratings Changes

CHTR has been the subject of a number of recent analyst reports. Benchmark reissued a "buy" rating and set a $450.00 target price on shares of Charter Communications in a research report on Friday, January 31st. Wells Fargo & Company lifted their price objective on shares of Charter Communications from $350.00 to $400.00 and gave the company an "equal weight" rating in a research note on Monday, November 4th. Bank of America upgraded shares of Charter Communications from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $385.00 to $450.00 in a research note on Monday, November 4th. Royal Bank of Canada lifted their price objective on shares of Charter Communications from $380.00 to $385.00 and gave the company a "sector perform" rating in a research note on Monday, February 3rd. Finally, KeyCorp upgraded shares of Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 price objective for the company in a research note on Thursday, December 12th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Charter Communications has an average rating of "Hold" and a consensus price target of $384.42.

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.