Charter Communications, Inc. (NASDAQ:CHTR) Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. grew its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 1.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 226,479 shares of the company's stock after purchasing an additional 3,069 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.16% of Charter Communications worth $73,397,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CHTR. Envestnet Portfolio Solutions Inc. boosted its position in Charter Communications by 111.3% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 1,310 shares of the company's stock worth $381,000 after purchasing an additional 690 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Charter Communications by 14.0% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 16,093 shares of the company's stock valued at $4,677,000 after buying an additional 1,981 shares in the last quarter. Orion Portfolio Solutions LLC increased its holdings in Charter Communications by 98.3% in the 1st quarter. Orion Portfolio Solutions LLC now owns 2,875 shares of the company's stock worth $836,000 after acquiring an additional 1,425 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its position in Charter Communications by 50.8% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 1,170 shares of the company's stock worth $340,000 after acquiring an additional 394 shares during the period. Finally, Councilmark Asset Management LLC acquired a new stake in shares of Charter Communications in the first quarter valued at about $387,000. Hedge funds and other institutional investors own 81.76% of the company's stock.

Charter Communications Price Performance

CHTR traded down $4.69 during midday trading on Friday, reaching $389.57. 1,027,692 shares of the company's stock were exchanged, compared to its average volume of 1,393,990. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $421.16. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34. The business's 50-day moving average price is $341.34 and its 200 day moving average price is $319.88. The stock has a market capitalization of $55.40 billion, a PE ratio of 12.33, a P/E/G ratio of 0.65 and a beta of 1.03.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $8.55 by $0.27. The company had revenue of $13.80 billion for the quarter, compared to analyst estimates of $13.66 billion. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The firm's quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $8.25 EPS. As a group, equities analysts anticipate that Charter Communications, Inc. will post 32.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CHTR has been the subject of a number of recent research reports. Pivotal Research increased their target price on shares of Charter Communications from $435.00 to $525.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Wells Fargo & Company lifted their target price on shares of Charter Communications from $350.00 to $400.00 and gave the stock an "equal weight" rating in a research note on Monday, November 4th. Citigroup upgraded Charter Communications from a "sell" rating to a "neutral" rating and set a $350.00 price objective for the company in a research report on Wednesday, September 11th. Barclays boosted their price objective on shares of Charter Communications from $300.00 to $315.00 and gave the company an "underweight" rating in a report on Monday, November 4th. Finally, Morgan Stanley lifted their target price on Charter Communications from $360.00 to $415.00 and gave the company an "equal weight" rating in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $379.06.

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.