Charter Communications, Inc. (NASDAQ:CHTR) Holdings Cut by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 1.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 223,752 shares of the company's stock after selling 2,727 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.16% of Charter Communications worth $76,695,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Chemistry Wealth Management LLC boosted its position in Charter Communications by 4.8% during the fourth quarter. Chemistry Wealth Management LLC now owns 660 shares of the company's stock worth $226,000 after acquiring an additional 30 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Charter Communications by 0.4% during the third quarter. US Bancorp DE now owns 7,370 shares of the company's stock worth $2,388,000 after purchasing an additional 31 shares during the last quarter. Grove Bank & Trust grew its position in shares of Charter Communications by 39.1% in the third quarter. Grove Bank & Trust now owns 121 shares of the company's stock valued at $39,000 after purchasing an additional 34 shares during the period. CVA Family Office LLC increased its stake in Charter Communications by 31.3% in the third quarter. CVA Family Office LLC now owns 147 shares of the company's stock valued at $48,000 after purchasing an additional 35 shares during the last quarter. Finally, Capital Advisors Ltd. LLC lifted its position in Charter Communications by 28.7% during the third quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company's stock worth $51,000 after buying an additional 35 shares during the period. Institutional investors and hedge funds own 81.76% of the company's stock.

Charter Communications Stock Up 1.8 %

NASDAQ CHTR traded up $6.21 during mid-day trading on Thursday, reaching $360.77. 728,145 shares of the company's stock traded hands, compared to its average volume of 1,176,626. The company has a fifty day simple moving average of $355.91 and a 200-day simple moving average of $354.20. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27. The company has a market cap of $51.30 billion, a price-to-earnings ratio of 10.32, a P/E/G ratio of 0.43 and a beta of 1.11. The company has a current ratio of 0.31, a quick ratio of 0.34 and a debt-to-equity ratio of 4.73.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 last year, the firm earned $7.07 earnings per share. As a group, equities research analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Bank of America raised shares of Charter Communications from a "neutral" rating to a "buy" rating and upped their price objective for the company from $385.00 to $450.00 in a research note on Monday, November 4th. JPMorgan Chase & Co. lifted their price target on shares of Charter Communications from $385.00 to $400.00 and gave the company a "neutral" rating in a report on Monday, November 4th. Barclays upped their price objective on Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a report on Monday, February 3rd. KeyCorp upgraded Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 target price on the stock in a report on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Charter Communications from $340.00 to $365.00 and gave the stock a "hold" rating in a research note on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Charter Communications presently has a consensus rating of "Hold" and a consensus target price 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.