Sumitomo Life Insurance Co. Reduces Position in Charter Communications, Inc. (NASDAQ:CHTR)

Sumitomo Life Insurance Co. reduced its position in Charter Communications, Inc. (NASDAQ:CHTR) by 1.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,365 shares of the company’s stock after selling 35 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in Charter Communications were worth $811,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CHTR. Public Sector Pension Investment Board lifted its stake in shares of Charter Communications by 70.1% during the 2nd quarter. Public Sector Pension Investment Board now owns 4,310 shares of the company’s stock worth $1,289,000 after acquiring an additional 1,776 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Charter Communications during the second quarter valued at $1,786,000. Creative Planning grew its holdings in shares of Charter Communications by 32.0% in the second quarter. Creative Planning now owns 10,820 shares of the company’s stock worth $3,235,000 after purchasing an additional 2,624 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its stake in Charter Communications by 3.1% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 1,051 shares of the company’s stock worth $314,000 after buying an additional 32 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in Charter Communications during the 2nd quarter valued at about $1,212,000. Institutional investors own 81.76% of the company’s stock.

Analyst Ratings Changes

CHTR has been the topic of a number of research reports. Benchmark raised their target price on shares of Charter Communications from $440.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their target price on Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Barclays increased their price target on Charter Communications from $300.00 to $315.00 and gave the stock an “underweight” rating in a research report on Monday, November 4th. Pivotal Research lifted their price objective on Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, KeyCorp upgraded shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price on the stock in a report on Thursday, December 12th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $383.89.

Charter Communications Trading Down 1.7 %

Charter Communications stock opened at $359.33 on Thursday. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market cap of $51.10 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 0.46 and a beta of 1.10. The stock has a 50-day moving average of $365.67 and a two-hundred day moving average of $352.71. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, November 1st. The company reported $8.82 EPS for the quarter, beating the consensus estimate of $8.55 by $0.27. The firm had revenue of $13.80 billion during the quarter, compared to analyst estimates of $13.66 billion. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. Charter Communications’s revenue was up 1.6% on a year-over-year basis. During the same period last year, the firm posted $8.25 EPS. On average, research analysts anticipate that Charter Communications, Inc. will post 34.62 EPS for the current fiscal year.

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.