Daiwa Securities Group Inc. reduced its holdings in shares of Charter Communications Inc (NASDAQ:CHTR) by 20.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 19,455 shares of the company’s stock after selling 4,921 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Charter Communications were worth $8,018,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CHTR. Venturi Wealth Management LLC acquired a new stake in shares of Charter Communications in the 3rd quarter valued at about $28,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Charter Communications during the 2nd quarter valued at approximately $34,000. Massey Quick Simon & CO. LLC purchased a new stake in Charter Communications during the 3rd quarter valued at approximately $35,000. Mechanics Bank Trust Department purchased a new stake in Charter Communications during the 3rd quarter valued at approximately $38,000. Finally, Ibex Wealth Advisors purchased a new stake in Charter Communications during the 2nd quarter valued at approximately $49,000. 72.58% of the stock is owned by institutional investors and hedge funds.

CHTR has been the subject of several analyst reports. Bank of America reaffirmed a “buy” rating and set a $450.00 price objective (up from $425.00) on shares of Charter Communications in a research note on Tuesday, July 30th. Rosenblatt Securities reaffirmed a “buy” rating and set a $480.00 price objective on shares of Charter Communications in a research note on Monday, July 29th. Citigroup upped their price objective on Charter Communications from $455.00 to $483.00 and gave the company a “buy” rating in a research note on Friday, October 4th. TD Securities upped their price objective on Charter Communications from $450.00 to $475.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Finally, Sanford C. Bernstein initiated coverage on Charter Communications in a research note on Wednesday, October 16th. They set an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, ten have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $467.24.

Shares of CHTR stock traded up $1.32 during trading hours on Friday, reaching $469.76. 62,935 shares of the company’s stock were exchanged, compared to its average volume of 1,072,217. The company has a market cap of $101.64 billion, a P/E ratio of 89.99, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23. The company’s 50 day moving average is $437.42 and its two-hundred day moving average is $403.24. Charter Communications Inc has a 1 year low of $272.91 and a 1 year high of $479.18. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.28 and a quick ratio of 0.28.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, October 25th. The company reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.08. The business had revenue of $11.45 billion during the quarter, compared to the consensus estimate of $11.42 billion. Charter Communications had a return on equity of 2.91% and a net margin of 2.76%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.11 EPS. As a group, analysts predict that Charter Communications Inc will post 6.78 EPS for the current fiscal year.

In related news, Director Lance Conn sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $460.87, for a total value of $460,870.00. Following the sale, the director now owns 7,552 shares in the company, valued at approximately $3,480,490.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CMO Jonathan Hargis sold 1,234 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $464.80, for a total value of $573,563.20. Following the completion of the sale, the chief marketing officer now owns 12,895 shares in the company, valued at approximately $5,993,596. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,434 shares of company stock worth $1,603,797. Insiders own 0.84% of the company’s stock.

About Charter Communications

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.

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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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