Dai ichi Life Insurance Company Ltd Buys 2,000 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Dai ichi Life Insurance Company Ltd raised its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 271.0% in the third quarter, Holdings Channel reports. The institutional investor owned 2,738 shares of the company’s stock after acquiring an additional 2,000 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Charter Communications were worth $887,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CHTR. Swedbank AB purchased a new stake in Charter Communications during the first quarter valued at approximately $11,147,000. Cetera Investment Advisers increased its holdings in Charter Communications by 432.3% during the first quarter. Cetera Investment Advisers now owns 7,399 shares of the company’s stock valued at $2,150,000 after buying an additional 6,009 shares during the last quarter. Cetera Advisors LLC increased its holdings in Charter Communications by 12.2% during the first quarter. Cetera Advisors LLC now owns 2,475 shares of the company’s stock valued at $719,000 after buying an additional 270 shares during the last quarter. GAMMA Investing LLC increased its holdings in Charter Communications by 359.6% during the second quarter. GAMMA Investing LLC now owns 1,310 shares of the company’s stock valued at $392,000 after buying an additional 1,025 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its holdings in Charter Communications by 109.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 159 shares of the company’s stock valued at $48,000 after buying an additional 83 shares during the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Price Performance

CHTR stock opened at $389.81 on Friday. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. The company has a fifty day simple moving average of $352.12 and a two-hundred day simple moving average of $328.36. The firm has a market capitalization of $55.43 billion, a P/E ratio of 12.21, a price-to-earnings-growth ratio of 0.61 and a beta of 1.03.

Charter Communications (NASDAQ:CHTR) last released 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. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The business had revenue of $13.80 billion during the quarter, compared to analyst estimates of $13.66 billion. During the same quarter last year, the business earned $8.25 earnings per share. Charter Communications’s quarterly revenue was up 1.6% compared to the same quarter last year. Analysts anticipate that Charter Communications, Inc. will post 32.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Wolfe Research cut shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 target price for the company. in a report on Monday, September 30th. Pivotal Research increased their price objective on shares of Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. increased their price objective on shares of Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Barclays increased their price objective on shares of Charter Communications from $300.00 to $315.00 and gave the stock an “underweight” rating in a research note on Monday, November 4th. Finally, Benchmark increased their price objective on shares of Charter Communications from $440.00 to $450.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $378.00.

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.