Mitsubishi UFJ Trust & Banking Corp Has $58.33 Million Position in Charter Communications, Inc. (NASDAQ:CHTR)

Mitsubishi UFJ Trust & Banking Corp lessened its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 20.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 93,599 shares of the company’s stock after selling 24,644 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Charter Communications were worth $58,334,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CHTR. Signet Investment Advisory Group Inc. bought a new stake in shares of Charter Communications in the fourth quarter valued at about $26,000. Reilly Financial Advisors LLC lifted its stake in shares of Charter Communications by 238.5% in the fourth quarter. Reilly Financial Advisors LLC now owns 44 shares of the company’s stock valued at $29,000 after buying an additional 31 shares during the period. NEXT Financial Group Inc lifted its stake in shares of Charter Communications by 117.4% in the first quarter. NEXT Financial Group Inc now owns 50 shares of the company’s stock valued at $31,000 after buying an additional 27 shares during the period. Wealthcare Advisory Partners LLC bought a new position in Charter Communications during the first quarter worth about $31,000. Finally, Wealthcare Capital Management LLC bought a new position in Charter Communications during the first quarter worth about $33,000. Institutional investors and hedge funds own 69.72% of the company’s stock.

In other Charter Communications news, Director David C. Merritt sold 1,000 shares of the firm’s stock in a transaction on Monday, May 10th. The shares were sold at an average price of $697.45, for a total value of $697,450.00. Following the transaction, the director now directly owns 8,907 shares of the company’s stock, valued at $6,212,187.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Richard R. Dykhouse sold 11,147 shares of the firm’s stock in a transaction on Tuesday, May 18th. The shares were sold at an average price of $683.20, for a total transaction of $7,615,630.40. Following the completion of the transaction, the executive vice president now directly owns 14,439 shares in the company, valued at $9,864,724.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,590 shares of company stock valued at $15,306,235. 1.00% of the stock is currently owned by corporate insiders.

CHTR has been the subject of a number of analyst reports. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their price target on shares of Charter Communications from $708.00 to $724.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 2nd. Morgan Stanley raised their price target on shares of Charter Communications from $730.00 to $750.00 and gave the stock an “overweight” rating in a research note on Monday, May 3rd. Truist Securities raised their price target on shares of Charter Communications from $700.00 to $750.00 and gave the stock a “buy” rating in a research note on Monday, May 3rd. Royal Bank of Canada raised their price target on shares of Charter Communications from $570.00 to $660.00 and gave the stock a “sector perform” rating in a research note on Monday, May 3rd. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Charter Communications from $725.00 to $770.00 and gave the stock a “buy” rating in a research note on Monday, May 3rd. Seven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $710.24.

CHTR opened at $682.91 on Friday. Charter Communications, Inc. has a twelve month low of $498.08 and a twelve month high of $712.41. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.37 and a current ratio of 0.37. The business’s fifty day moving average price is $665.82. The firm has a market capitalization of $128.84 billion, a PE ratio of 38.60, a PEG ratio of 1.04 and a beta of 0.98.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Thursday, April 29th. The company reported $4.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $4.34 by ($0.23). Charter Communications had a return on equity of 11.02% and a net margin of 7.43%. The firm had revenue of $12.52 billion for the quarter, compared to analyst estimates of $12.50 billion. During the same quarter last year, the company earned $1.86 earnings per share. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. On average, equities research analysts anticipate that Charter Communications, Inc. will post 19.62 EPS for the current fiscal year.

About Charter Communications

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company provides Internet services, such as security suite that protects computers from viruses and spyware; in-home WiFi, which provides customers with high performance wireless routers to enhance their in-home wireless Internet experience; out-of-home WiFi; and Spectrum WiFi services, as well as video services.

Featured Story: The Role of a Fiduciary and Individual Investors

Want to see what other hedge funds are holding CHTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Charter Communications, Inc. (NASDAQ:CHTR).

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

Receive News & Ratings for Charter Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charter Communications and related companies with MarketBeat.com's FREE daily email newsletter.