Mitsubishi UFJ Kokusai Asset Management Co. Ltd. reduced its position in Charter Communications, Inc. (NASDAQ:CHTR) by 9.7% during the second quarter, Holdings Channel reports. The institutional investor owned 31,424 shares of the company’s stock after selling 3,365 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Charter Communications were worth $10,585,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Trust N.A. boosted its position in shares of Charter Communications by 4.5% in the first quarter. Raymond James Trust N.A. now owns 741 shares of the company’s stock valued at $242,000 after buying an additional 32 shares during the period. Creative Planning boosted its position in shares of Charter Communications by 8.4% in the first quarter. Creative Planning now owns 4,632 shares of the company’s stock valued at $1,516,000 after buying an additional 358 shares during the period. Bank of Montreal Can boosted its position in shares of Charter Communications by 25.1% in the first quarter. Bank of Montreal Can now owns 125,512 shares of the company’s stock valued at $41,081,000 after buying an additional 25,156 shares during the period. Atria Investments LLC boosted its position in shares of Charter Communications by 87.2% in the first quarter. Atria Investments LLC now owns 2,739 shares of the company’s stock valued at $897,000 after buying an additional 1,276 shares during the period. Finally, Doyle Wealth Management bought a new position in shares of Charter Communications during the first quarter valued at $5,857,000. 77.76% of the stock is owned by institutional investors and hedge funds.

Shares of Charter Communications, Inc. (CHTR) opened at 398.68 on Friday. The company’s 50-day moving average price is $353.80 and its 200 day moving average price is $335.16. The company has a market cap of $102.81 billion, a price-to-earnings ratio of 114.20 and a beta of 1.09. Charter Communications, Inc. has a 1-year low of $241.50 and a 1-year high of $408.83.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.81 by $0.29. Charter Communications had a return on equity of 1.15% and a net margin of 2.29%. The business had revenue of $10.36 billion during the quarter, compared to analysts’ expectations of $10.38 billion. During the same quarter in the previous year, the company posted $0.99 EPS. The company’s quarterly revenue was up 3.9% on a year-over-year basis. On average, analysts predict that Charter Communications, Inc. will post $0.60 earnings per share for the current fiscal year.

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Several equities analysts have recently weighed in on CHTR shares. SunTrust Banks, Inc. started coverage on Charter Communications in a research report on Tuesday, April 18th. They issued a “buy” rating and a $380.00 price target for the company. Macquarie reiterated a “buy” rating and issued a $365.00 price target on shares of Charter Communications in a research report on Wednesday, April 19th. Royal Bank Of Canada reiterated a “buy” rating and issued a $356.00 price target on shares of Charter Communications in a research report on Friday, April 21st. Telsey Advisory Group reduced their price target on Charter Communications from $345.00 to $340.00 and set a “market perform” rating for the company in a research report on Wednesday, May 3rd. Finally, Wells Fargo & Company cut Charter Communications from an “outperform” rating to a “market perform” rating and set a $335.00 price target for the company. in a research report on Wednesday, May 3rd. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Charter Communications currently has an average rating of “Buy” and a consensus target price of $361.46.

Charter Communications Company Profile

Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.

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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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