Sumitomo Mitsui Trust Group Inc. Trims Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Sumitomo Mitsui Trust Group Inc. cut its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 1.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 223,752 shares of the company’s stock after selling 2,727 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.16% of Charter Communications worth $76,695,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Reston Wealth Management LLC purchased a new position in shares of Charter Communications during the third quarter valued at approximately $26,000. Ashton Thomas Securities LLC purchased a new position in Charter Communications during the 3rd quarter valued at $28,000. Avior Wealth Management LLC grew its position in Charter Communications by 104.7% in the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after acquiring an additional 45 shares during the last quarter. Grove Bank & Trust increased its stake in Charter Communications by 39.1% in the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after purchasing an additional 34 shares during the period. Finally, CVA Family Office LLC lifted its position in shares of Charter Communications by 31.3% during the third quarter. CVA Family Office LLC now owns 147 shares of the company’s stock worth $48,000 after purchasing an additional 35 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CHTR has been the topic of several recent analyst reports. Benchmark reaffirmed a “buy” rating and issued a $450.00 price target on shares of Charter Communications in a research note on Friday, January 31st. BNP Paribas raised shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price on the stock in a research report on Tuesday, November 26th. Barclays boosted their price target on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. Morgan Stanley raised their price objective on Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Finally, Bank of America upgraded Charter Communications from a “neutral” rating to a “buy” rating and upped their target price for the stock from $385.00 to $450.00 in a report on Monday, November 4th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Charter Communications presently has a consensus rating of “Hold” and a consensus price target of $384.42.

Charter Communications Stock Down 1.5 %

Shares of CHTR stock opened at $347.84 on Monday. The stock’s fifty day moving average price is $358.81 and its 200 day moving average price is $353.82. 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 $49.46 billion, a price-to-earnings ratio of 9.95, a price-to-earnings-growth ratio of 0.43 and a beta of 1.11. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.34.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same quarter last year, the business earned $7.07 EPS. On average, research analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal 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.