Nomura Asset Management Co. Ltd. Boosts Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Nomura Asset Management Co. Ltd. boosted its position in shares of Charter Communications, Inc. (NASDAQ:CHTRFree Report) by 3.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,511 shares of the company’s stock after buying an additional 965 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Charter Communications were worth $13,419,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Janiczek Wealth Management LLC boosted its stake in Charter Communications by 168.0% during the 3rd quarter. Janiczek Wealth Management LLC now owns 67 shares of the company’s stock worth $29,000 after purchasing an additional 42 shares during the period. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Charter Communications during the 3rd quarter worth about $31,000. West Branch Capital LLC acquired a new stake in shares of Charter Communications in the second quarter worth approximately $36,000. Capital Advisors Ltd. LLC lifted its position in Charter Communications by 307.4% during the second quarter. Capital Advisors Ltd. LLC now owns 110 shares of the company’s stock valued at $40,000 after buying an additional 83 shares in the last quarter. Finally, PSI Advisors LLC lifted its position in Charter Communications by 364.0% during the second quarter. PSI Advisors LLC now owns 116 shares of the company’s stock valued at $43,000 after buying an additional 91 shares in the last quarter. 93.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CHTR has been the subject of several recent research reports. Morgan Stanley lowered their target price on shares of Charter Communications from $500.00 to $475.00 and set an “equal weight” rating for the company in a research note on Monday, October 30th. StockNews.com started coverage on Charter Communications in a research note on Thursday, October 5th. They set a “hold” rating for the company. Sanford C. Bernstein assumed coverage on Charter Communications in a research report on Thursday, October 5th. They set a “market perform” rating and a $463.00 price target on the stock. Rosenblatt Securities reduced their target price on Charter Communications from $482.00 to $475.00 and set a “buy” rating for the company in a research note on Friday, December 22nd. Finally, Benchmark dropped their price objective on Charter Communications from $575.00 to $490.00 and set a “buy” rating for the company in a report on Wednesday, December 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $481.33.

Check Out Our Latest Analysis on Charter Communications

Insider Buying and Selling

In other news, Chairman Thomas Rutledge sold 83,970 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $410.82, for a total value of $34,496,555.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.32% of the company’s stock.

Charter Communications Stock Up 2.2 %

NASDAQ:CHTR traded up $8.00 during trading hours on Friday, reaching $377.07. The company’s stock had a trading volume of 1,040,553 shares, compared to its average volume of 1,148,836. The company has a market capitalization of $55.78 billion, a P/E ratio of 12.05, a price-to-earnings-growth ratio of 0.53 and a beta of 1.06. Charter Communications, Inc. has a 12 month low of $315.02 and a 12 month high of $458.30. The company has a debt-to-equity ratio of 6.50, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a 50 day moving average price of $382.58 and a two-hundred day moving average price of $407.62.

Charter Communications (NASDAQ:CHTRGet Free Report) last posted its quarterly earnings results on Friday, October 27th. The company reported $8.25 EPS for the quarter, beating the consensus estimate of $7.73 by $0.52. The company had revenue of $13.58 billion for the quarter, compared to analyst estimates of $13.64 billion. Charter Communications had a net margin of 8.60% and a return on equity of 34.63%. The firm’s revenue was up .3% on a year-over-year basis. During the same period in the prior year, the company earned $7.38 earnings per share. Equities analysts predict that Charter Communications, Inc. will post 32.03 EPS for the current fiscal year.

Charter Communications Company Profile

(Free Report)

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; security suite that protects computers from viruses and spyware, and threats from malicious actors; 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.

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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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