Charter Communications, Inc. (NASDAQ:CHTR) Shares Purchased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. increased its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 7.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,435 shares of the company's stock after purchasing an additional 2,304 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in Charter Communications were worth $11,484,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Reston Wealth Management LLC acquired a new stake in shares of Charter Communications during the third quarter worth about $26,000. Ashton Thomas Securities LLC purchased a new stake in Charter Communications during the 3rd quarter worth approximately $28,000. Grove Bank & Trust increased its stake in Charter Communications by 39.1% during the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company's stock worth $39,000 after buying an additional 34 shares during the period. CVA Family Office LLC boosted its position in Charter Communications by 31.3% in the 3rd quarter. CVA Family Office LLC now owns 147 shares of the company's stock valued at $48,000 after buying an additional 35 shares during the period. Finally, Capital Advisors Ltd. LLC grew its stake in shares of Charter Communications by 28.7% in the third quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company's stock worth $51,000 after acquiring an additional 35 shares in the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CHTR. Morgan Stanley lifted their price objective on Charter Communications from $360.00 to $415.00 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 target for the stock from $385.00 to $450.00 in a research note on Monday, November 4th. Royal Bank of Canada increased their price objective on shares of Charter Communications from $345.00 to $390.00 and gave the company a "sector perform" rating in a research report on Monday, November 4th. Pivotal Research lifted their price objective on shares of Charter Communications from $435.00 to $525.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. Finally, Wells Fargo & Company increased their target price on Charter Communications from $350.00 to $400.00 and gave the company an "equal weight" rating in a report on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, Charter Communications currently has an average rating of "Hold" and an average target price of $384.42.

Charter Communications Stock Performance

Shares of CHTR stock traded up $9.96 during trading hours on Thursday, hitting $388.45. The stock had a trading volume of 805,313 shares, compared to its average volume of 1,369,786. 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 firm has a market capitalization of $55.24 billion, a PE ratio of 12.06, a PEG ratio of 0.64 and a beta of 1.08. The stock's 50 day moving average is $364.03 and its 200 day moving average is $336.14. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27.

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

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.