Tokio Marine Asset Management Co. Ltd. Acquires 229 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Tokio Marine Asset Management Co. Ltd. grew its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 9.5% in the 3rd quarter, Holdings Channel reports. The fund owned 2,632 shares of the company’s stock after purchasing an additional 229 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Charter Communications were worth $853,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Reston Wealth Management LLC acquired a new stake in Charter Communications during the 3rd quarter worth approximately $26,000. Ashton Thomas Securities LLC acquired a new stake in shares of Charter Communications during the third quarter worth $28,000. CVA Family Office LLC lifted its position in Charter Communications by 5,500.0% in the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company’s stock valued at $33,000 after acquiring an additional 110 shares in the last quarter. New Covenant Trust Company N.A. acquired a new position in Charter Communications in the 1st quarter worth $34,000. Finally, Grove Bank & Trust increased its holdings in Charter Communications by 39.1% during the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after purchasing an additional 34 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CHTR. Deutsche Bank Aktiengesellschaft lifted their target price on Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Pivotal Research lifted their price objective on shares of Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 4th. Raymond James cut shares of Charter Communications from a “market perform” rating to an “underperform” rating in a report on Monday, July 29th. Rosenblatt Securities boosted their price target on shares of Charter Communications from $292.00 to $329.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Finally, TD Cowen raised their price objective on Charter Communications from $488.00 to $525.00 and gave the company a “buy” rating in a report on Monday, July 29th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $379.06.

Charter Communications Trading Down 1.2 %

Shares of Charter Communications stock opened at $389.57 on Friday. 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 firm has a 50-day moving average of $341.34 and a 200-day moving average of $319.88. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $421.16. The stock has a market cap of $55.40 billion, a PE ratio of 12.20, a PEG ratio of 0.65 and a beta of 1.03.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.55 by $0.27. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The firm had revenue of $13.80 billion for the quarter, compared to analyst estimates of $13.66 billion. During the same quarter in the prior year, the business posted $8.25 EPS. The business’s revenue was up 1.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Charter Communications, Inc. will post 32.87 EPS for the current 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 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.