Dai ichi Life Insurance Company Ltd Decreases Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Dai ichi Life Insurance Company Ltd decreased its position in Charter Communications, Inc. (NASDAQ:CHTR) by 9.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 918 shares of the company’s stock after selling 95 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Charter Communications were worth $357,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Catalyst Capital Advisors LLC grew its holdings in Charter Communications by 32.1% during the 3rd 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. Parkside Financial Bank & Trust increased its position in shares of Charter Communications by 9.8% during the third quarter. Parkside Financial Bank & Trust now owns 313 shares of the company’s stock worth $138,000 after acquiring an additional 28 shares during the last quarter. Aspiriant LLC lifted its stake in shares of Charter Communications by 2.3% in the fourth quarter. Aspiriant LLC now owns 1,533 shares of the company’s stock worth $596,000 after acquiring an additional 35 shares in the last quarter. Axxcess Wealth Management LLC boosted its holdings in Charter Communications by 5.8% in the fourth quarter. Axxcess Wealth Management LLC now owns 660 shares of the company’s stock valued at $257,000 after purchasing an additional 36 shares during the last quarter. Finally, Summit Trail Advisors LLC grew its stake in Charter Communications by 2.2% during the 4th quarter. Summit Trail Advisors LLC now owns 1,783 shares of the company’s stock valued at $693,000 after purchasing an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CHTR shares. Deutsche Bank Aktiengesellschaft cut their target price on Charter Communications from $375.00 to $320.00 and set a “hold” rating on the stock in a research report on Tuesday, April 16th. Rosenblatt Securities reduced their price objective on shares of Charter Communications from $297.00 to $292.00 and set a “neutral” rating on the stock in a research note on Monday, April 29th. Benchmark dropped their target price on shares of Charter Communications from $490.00 to $440.00 and set a “buy” rating for the company in a research report on Monday, February 5th. Citigroup reduced their price target on shares of Charter Communications from $300.00 to $280.00 and set a “neutral” rating on the stock in a research report on Monday, April 29th. Finally, UBS Group lowered their price objective on Charter Communications from $360.00 to $325.00 and set a “neutral” rating for the company in a report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $356.47.

Charter Communications Stock Performance

NASDAQ:CHTR traded up $3.05 during midday trading on Friday, reaching $271.46. 670,004 shares of the company traded hands, compared to its average volume of 1,309,723. The company has a debt-to-equity ratio of 6.28, a current ratio of 0.40 and a quick ratio of 0.40. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $458.30. The company has a fifty day moving average price of $272.76 and a 200 day moving average price of $326.34. The firm has a market capitalization of $39.10 billion, a price-to-earnings ratio of 8.78, a price-to-earnings-growth ratio of 1.08 and a beta of 0.97.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, April 26th. The company reported $7.55 earnings per share for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23). The firm had revenue of $13.68 billion during the quarter, compared to analyst estimates of $13.75 billion. Charter Communications had a return on equity of 31.42% and a net margin of 8.50%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the company earned $6.65 earnings per share. On average, analysts expect that Charter Communications, Inc. will post 32.02 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.