Nippon Life Insurance Co. Has $2.546 Million Position in Charter Communications, Inc. (CHTR)
Nippon Life Insurance Co. lowered its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 6.8% during the first quarter, Holdings Channel reports. The fund owned 7,777 shares of the company’s stock after selling 565 shares during the period. Nippon Life Insurance Co.’s holdings in Charter Communications were worth $2,546,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. TCI Fund Management Ltd. boosted its position in shares of Charter Communications by 5.9% in the fourth quarter. TCI Fund Management Ltd. now owns 12,679,234 shares of the company’s stock valued at $3,650,605,000 after buying an additional 706,191 shares during the last quarter. State Street Corp boosted its position in Charter Communications by 2.8% in the fourth quarter. State Street Corp now owns 10,440,593 shares of the company’s stock valued at $3,006,058,000 after buying an additional 284,391 shares in the last quarter. Dodge & Cox acquired a new position in Charter Communications during the fourth quarter valued at $2,981,844,000. Capital World Investors boosted its position in Charter Communications by 0.5% in the third quarter. Capital World Investors now owns 6,239,432 shares of the company’s stock valued at $1,684,459,000 after buying an additional 31,370 shares in the last quarter. Finally, Egerton Capital UK LLP boosted its position in Charter Communications by 2.6% in the third quarter. Egerton Capital UK LLP now owns 4,073,010 shares of the company’s stock valued at $1,099,591,000 after buying an additional 102,245 shares in the last quarter. 79.53% of the stock is currently owned by institutional investors.
Charter Communications, Inc. (NASDAQ:CHTR) traded up 0.86% during mid-day trading on Friday, hitting $338.48. The company had a trading volume of 1,091,315 shares. The firm’s 50 day moving average is $327.03 and its 200 day moving average is $297.30. The company has a market capitalization of $91.02 billion, a price-to-earnings ratio of 21.23 and a beta of 1.04. Charter Communications, Inc. has a 52 week low of $194.77 and a 52 week high of $341.50.
Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Thursday, February 16th. The company reported $1.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.61. The company earned $10.28 billion during the quarter, compared to analyst estimates of $10.23 billion. Charter Communications had a return on equity of 0.62% and a net margin of 13.87%. The firm’s revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the business posted ($1.09) earnings per share. On average, equities research analysts predict that Charter Communications, Inc. will post $0.60 EPS for the current year.
Several research firms have weighed in on CHTR. SunTrust Banks, Inc. began coverage on Charter Communications in a research report on Tuesday. They issued a “buy” rating and a $380.00 price objective on the stock. Macquarie reissued a “buy” rating and issued a $365.00 price objective on shares of Charter Communications in a research report on Wednesday. Pivotal Research boosted their price objective on Charter Communications from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Thursday, February 16th. Telsey Advisory Group cut Charter Communications from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $308.00 to $345.00 in a research report on Friday, February 17th. Finally, Barclays PLC set a $297.00 price objective on Charter Communications and gave the stock a “hold” rating in a research report on Saturday, February 18th. Seven analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $318.35.
Charter Communications Company Profile
Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.
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