Daiwa Securities Group Inc. Sells 1,508 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Daiwa Securities Group Inc. lessened its position in Charter Communications, Inc. (NASDAQ:CHTR) by 5.4% in the 3rd quarter, Holdings Channel reports. The firm owned 26,299 shares of the company’s stock after selling 1,508 shares during the period. Daiwa Securities Group Inc.’s holdings in Charter Communications were worth $8,523,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CHTR. First Eagle Investment Management LLC raised its position 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 purchasing an additional 348,299 shares during the period. Assenagon Asset Management S.A. increased its stake in Charter Communications by 12,597.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 249,756 shares of the company’s stock worth $80,941,000 after purchasing an additional 247,789 shares in the last quarter. Pzena Investment Management LLC lifted 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 buying an additional 175,130 shares in the last quarter. Zimmer Partners LP bought a new position in Charter Communications in the first quarter valued at approximately $32,074,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Charter Communications in the third quarter valued at approximately $244,720,000. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Price Performance

NASDAQ:CHTR opened at $384.47 on Tuesday. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27. The firm has a market capitalization of $54.67 billion, a price-to-earnings ratio of 12.04, a P/E/G ratio of 0.62 and a beta of 1.03. The stock’s 50 day moving average price is $348.93 and its two-hundred day moving average price is $326.68. 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 posted its quarterly earnings results on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, beating analysts’ consensus estimates of $8.55 by $0.27. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The business had revenue of $13.80 billion for the quarter, compared to analysts’ expectations of $13.66 billion. During the same quarter in the prior year, the business earned $8.25 EPS. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, analysts anticipate that Charter Communications, Inc. will post 32.87 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Raymond James downgraded Charter Communications from a “market perform” rating to an “underperform” rating in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft boosted their target price on Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Bank of America raised shares of Charter Communications from a “neutral” rating to a “buy” rating and raised their price target for the stock from $385.00 to $450.00 in a research note on Monday, November 4th. Finally, Benchmark boosted their price objective on shares of Charter Communications from $440.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Charter Communications currently has an average rating of “Hold” and an average target price of $379.06.

About Charter Communications

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.