Charter Communications, Inc. (NASDAQ:CHTR) Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 10.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,190 shares of the company's stock after acquiring an additional 1,204 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Charter Communications were worth $4,521,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of CHTR. Assenagon Asset Management S.A. boosted its position in Charter Communications by 12,597.3% during the third quarter. Assenagon Asset Management S.A. now owns 249,756 shares of the company's stock worth $80,941,000 after acquiring an additional 247,789 shares during the last quarter. FMR LLC boosted its position in Charter Communications by 27.7% during the third quarter. FMR LLC now owns 1,064,948 shares of the company's stock worth $345,128,000 after acquiring an additional 230,817 shares during the last quarter. Fernbridge Capital Management LP acquired a new position in shares of Charter Communications in the 3rd quarter valued at $48,200,000. Franklin Resources Inc. boosted its holdings in shares of Charter Communications by 4.9% in the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company's stock valued at $1,052,868,000 after purchasing an additional 148,003 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of Charter Communications in the 3rd quarter valued at $244,720,000. Institutional investors and hedge funds own 81.76% of the company's stock.

Charter Communications Stock Up 1.0 %

Shares of CHTR traded up $3.64 during midday trading on Wednesday, hitting $354.56. The company had a trading volume of 762,738 shares, compared to its average volume of 1,192,641. The company's 50 day moving average price is $356.87 and its 200 day moving average price is $354.19. The stock has a market cap of $50.42 billion, a price-to-earnings ratio of 10.14, a PEG ratio of 0.43 and a beta of 1.11. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27. The company has a quick ratio of 0.34, a current ratio of 0.31 and a debt-to-equity ratio of 4.73.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its 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 net margin of 9.23% and a return on equity of 29.01%. During the same period in the prior year, the company posted $7.07 earnings per share. On average, equities research analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CHTR shares. Benchmark reiterated a "buy" rating and issued a $450.00 price target on shares of Charter Communications in a report on Friday, January 31st. Bank of America raised shares of Charter Communications from a "neutral" rating to a "buy" rating and raised their target price for the company from $385.00 to $450.00 in a research note on Monday, November 4th. JPMorgan Chase & Co. raised their target price on shares of Charter Communications from $385.00 to $400.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. BNP Paribas raised shares of Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 target price on the stock in a research note on Tuesday, November 26th. Finally, Barclays raised their target price on shares of Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a research note on Monday, February 3rd. Four analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $384.42.

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.