Sumitomo Mitsui Trust Group Inc. Has $73.40 Million Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Sumitomo Mitsui Trust Group Inc. grew its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 1.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 226,479 shares of the company’s stock after purchasing an additional 3,069 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Charter Communications were worth $73,397,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Capital International Investors increased its stake in Charter Communications by 53.6% in the 1st quarter. Capital International Investors now owns 10,558,651 shares of the company’s stock valued at $3,068,661,000 after buying an additional 3,685,451 shares during the period. First Eagle Investment Management LLC raised its holdings in shares of Charter Communications by 172,425.2% during the second quarter. First Eagle Investment Management LLC now owns 348,501 shares of the company’s stock worth $104,188,000 after acquiring an additional 348,299 shares in the last quarter. 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 valued at $80,941,000 after purchasing an additional 247,789 shares during the last quarter. Pzena Investment Management LLC grew its stake in Charter Communications by 6.1% in the second quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company’s stock valued at $903,932,000 after purchasing an additional 175,130 shares in the last quarter. Finally, Zimmer Partners LP acquired a new position in Charter Communications in the 1st quarter worth about $32,074,000. 81.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CHTR shares. Citigroup upgraded Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price target for the company in a report on Wednesday, September 11th. Morgan Stanley boosted their target price on shares of Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Wolfe Research downgraded shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price target on the stock. in a report on Monday, September 30th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Finally, Barclays raised their target price on Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a report on Monday, November 4th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Charter Communications presently has a consensus rating of “Hold” and a consensus target price of $379.06.

Charter Communications Stock Performance

Shares of NASDAQ CHTR opened at $394.25 on Friday. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $421.16. The company has a market cap of $56.06 billion, a P/E ratio of 12.35, a P/E/G ratio of 0.62 and a beta of 1.03. The business’s 50 day moving average is $340.07 and its two-hundred day moving average is $319.36. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.55 by $0.27. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The business had revenue of $13.80 billion for the quarter, compared to analyst estimates of $13.66 billion. During the same quarter in the previous year, the firm posted $8.25 earnings per share. Charter Communications’s revenue was up 1.6% compared to the same quarter last year. On average, equities analysts expect that Charter Communications, Inc. will post 32.87 EPS for the current 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.