Mitsubishi UFJ Trust & Banking Corp Trims Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Mitsubishi UFJ Trust & Banking Corp lessened its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 9.4% during the 4th quarter, Holdings Channel reports. The firm owned 70,279 shares of the company’s stock after selling 7,254 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Charter Communications were worth $24,090,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. Chemistry Wealth Management LLC raised its holdings in shares of Charter Communications by 4.8% during the fourth quarter. Chemistry Wealth Management LLC now owns 660 shares of the company’s stock worth $226,000 after purchasing an additional 30 shares during the last quarter. Jones Financial Companies Lllp grew its position in Charter Communications by 3.4% during the 4th quarter. Jones Financial Companies Lllp now owns 904 shares of the company’s stock worth $310,000 after purchasing an additional 30 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Charter Communications by 5.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 622 shares of the company’s stock valued at $213,000 after buying an additional 34 shares during the last quarter. Keybank National Association OH lifted its holdings in shares of Charter Communications by 2.6% in the 4th quarter. Keybank National Association OH now owns 1,392 shares of the company’s stock valued at $477,000 after buying an additional 35 shares during the period. Finally, Allworth Financial LP boosted its stake in shares of Charter Communications by 16.4% in the fourth quarter. Allworth Financial LP now owns 256 shares of the company’s stock worth $90,000 after buying an additional 36 shares during the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Stock Performance

NASDAQ:CHTR opened at $382.02 on Friday. The company has a market cap of $54.32 billion, a P/E ratio of 10.93, a P/E/G ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27. The company’s 50-day moving average price is $359.35 and its 200-day moving average price is $356.14. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73.

Charter Communications (NASDAQ:CHTR) last released its 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 net margin of 9.23% and a return on equity of 29.01%. During the same period last year, the business posted $7.07 EPS. On average, sell-side analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CHTR. KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target for the company in a research report on Thursday, December 12th. Benchmark reiterated a “buy” rating and issued a $450.00 target price on shares of Charter Communications in a research note on Friday, January 31st. Royal Bank of Canada raised their price target on shares of Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a research report on Monday, February 3rd. Barclays increased their target price on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd. Finally, StockNews.com lowered Charter Communications from a “buy” rating to a “hold” rating in a research note on Wednesday. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $389.39.

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.