Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. decreased its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 240,787 shares of the company’s stock after selling 4,339 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.16% of Charter Communications worth $93,589,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Fairfield Bush & CO. acquired a new position in shares of Charter Communications during the first quarter worth $94,000. American Century Companies Inc. grew its stake in shares of Charter Communications by 10.6% during the first quarter. American Century Companies Inc. now owns 3,363 shares of the company’s stock worth $1,834,000 after purchasing an additional 322 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Charter Communications by 12,010.0% during the first quarter. Canada Pension Plan Investment Board now owns 1,211 shares of the company’s stock worth $660,000 after purchasing an additional 1,201 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Charter Communications by 4.5% during the first quarter. Cetera Investment Advisers now owns 860 shares of the company’s stock worth $469,000 after purchasing an additional 37 shares in the last quarter. Finally, Moors & Cabot Inc. grew its stake in shares of Charter Communications by 19.4% during the first quarter. Moors & Cabot Inc. now owns 727 shares of the company’s stock worth $397,000 after purchasing an additional 118 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Price Performance

Shares of NASDAQ:CHTR opened at $257.57 on Wednesday. The company has a 50-day simple moving average of $285.75 and a 200-day simple moving average of $356.67. Charter Communications, Inc. has a one year low of $254.31 and a one year high of $458.30. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market capitalization of $37.41 billion, a price-to-earnings ratio of 8.58, a PEG ratio of 0.44 and a beta of 0.96.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, February 2nd. The company reported $7.07 EPS for the quarter, missing analysts’ consensus estimates of $8.76 by ($1.69). The business had revenue of $13.71 billion during the quarter, compared to analysts’ expectations of $13.70 billion. Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. Charter Communications’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the previous year, the company posted $7.69 earnings per share. On average, analysts predict that Charter Communications, Inc. will post 32.58 EPS for the current year.

Analyst Upgrades and Downgrades

CHTR has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Charter Communications from $375.00 to $320.00 and set a “hold” rating for the company in a research note on Tuesday. Bank of America lowered their target price on shares of Charter Communications from $350.00 to $315.00 and set a “neutral” rating for the company in a research note on Tuesday, April 9th. Pivotal Research decreased their price objective on shares of Charter Communications from $500.00 to $450.00 and set a “buy” rating for the company in a research note on Monday, February 5th. UBS Group decreased their price objective on shares of Charter Communications from $360.00 to $325.00 and set a “neutral” rating for the company in a research note on Thursday, March 28th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Charter Communications from $370.00 to $335.00 and set a “neutral” rating for the company in a research note on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $380.80.

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.