1,428 Shares in Charter Communications, Inc. (NASDAQ:CHTR) Bought by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. acquired a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,428 shares of the company’s stock, valued at approximately $489,000.

Several other institutional investors have also modified their holdings of CHTR. Man Group plc increased its position in shares of Charter Communications by 236.4% during the fourth quarter. Man Group plc now owns 61,132 shares of the company’s stock worth $20,954,000 after purchasing an additional 42,959 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its stake in Charter Communications by 6.5% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 26,076 shares of the company’s stock worth $9,091,000 after purchasing an additional 1,596 shares during the last quarter. NorthRock Partners LLC grew its holdings in shares of Charter Communications by 117.6% during the fourth quarter. NorthRock Partners LLC now owns 1,941 shares of the company’s stock worth $665,000 after buying an additional 1,049 shares in the last quarter. Occudo Quantitative Strategies LP acquired a new stake in shares of Charter Communications in the fourth quarter valued at about $453,000. Finally, OMERS ADMINISTRATION Corp raised its position in shares of Charter Communications by 20.1% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 4,039 shares of the company’s stock valued at $1,384,000 after buying an additional 677 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

CHTR has been the subject of several research reports. Royal Bank of Canada upped their price objective on shares of Charter Communications from $385.00 to $395.00 and gave the company a “sector perform” rating in a research note on Monday, April 28th. Benchmark restated a “buy” rating and issued a $450.00 price target on shares of Charter Communications in a research report on Friday, January 31st. Citigroup increased their price target on Charter Communications from $425.00 to $445.00 and gave the company a “buy” rating in a report on Monday, April 28th. Wells Fargo & Company boosted their price objective on Charter Communications from $380.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Monday, April 28th. Finally, Loop Capital raised their target price on Charter Communications from $385.00 to $430.00 and gave the stock a “hold” rating in a research note on Monday, April 28th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $399.35.

Charter Communications Stock Performance

Shares of CHTR stock opened at $419.57 on Friday. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market cap of $58.89 billion, a P/E ratio of 12.00, a P/E/G ratio of 0.44 and a beta of 1.11. The firm’s 50 day moving average price is $364.11 and its 200-day moving average price is $365.13. Charter Communications, Inc. has a one year low of $266.06 and a one year high of $426.17.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, April 25th. The company reported $8.42 EPS for the quarter, missing analysts’ consensus estimates of $8.70 by ($0.28). Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. The firm had revenue of $13.74 billion for the quarter, compared to analyst estimates of $13.67 billion. During the same quarter last year, the company earned $7.55 earnings per share. The firm’s revenue for the quarter was up .4% on a year-over-year basis. As a group, equities research analysts predict that Charter Communications, Inc. will post 38.16 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.