Daiwa Securities Group Inc. Has $9.98 Million Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Daiwa Securities Group Inc. decreased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 3.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 25,672 shares of the company’s stock after selling 832 shares during the period. Daiwa Securities Group Inc.’s holdings in Charter Communications were worth $9,978,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Janiczek Wealth Management LLC increased its holdings in shares of Charter Communications by 168.0% in the third quarter. Janiczek Wealth Management LLC now owns 67 shares of the company’s stock valued at $29,000 after purchasing an additional 42 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Charter Communications in the third quarter valued at approximately $31,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Charter Communications in the fourth quarter valued at approximately $44,000. Catalyst Capital Advisors LLC increased its holdings in shares of Charter Communications by 32.1% in the third quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company’s stock valued at $49,000 after purchasing an additional 27 shares in the last quarter. Finally, Harbour Investments Inc. increased its holdings in shares of Charter Communications by 30.5% in the second quarter. Harbour Investments Inc. now owns 137 shares of the company’s stock valued at $50,000 after purchasing an additional 32 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Stock Performance

Shares of CHTR stock opened at $256.47 on Thursday. The company has a market capitalization of $37.25 billion, a price-to-earnings ratio of 8.60, a PEG ratio of 0.43 and a beta of 0.96. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.31 and a current ratio of 0.31. The company has a 50-day simple moving average of $285.23 and a 200 day simple moving average of $355.98. Charter Communications, Inc. has a 52 week low of $254.31 and a 52 week high of $458.30.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, February 2nd. The company reported $7.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.76 by ($1.69). The business had revenue of $13.71 billion during the quarter, compared to the consensus estimate of $13.70 billion. Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. The business’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the prior year, the firm earned $7.69 EPS. On average, sell-side analysts predict that Charter Communications, Inc. will post 32.58 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Wells Fargo & Company reduced their price objective on shares of Charter Communications from $340.00 to $290.00 and set an “equal weight” rating on the stock in a research note on Friday, April 5th. Benchmark reduced their price objective on shares of Charter Communications from $490.00 to $440.00 and set a “buy” rating on the stock in a research note on Monday, February 5th. Bank of America reduced their price objective on shares of Charter Communications from $350.00 to $315.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 9th. Sanford C. Bernstein raised shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 price objective on the stock in a research note on Monday, March 18th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Charter Communications from $370.00 to $335.00 and set a “neutral” rating on the stock in a research note on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $380.80.

Charter Communications Company 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.