Tokio Marine Asset Management Co. Ltd. decreased its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 32.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,207 shares of the company’s stock after selling 587 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Charter Communications were worth $406,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Stoneridge Investment Partners LLC bought a new position in shares of Charter Communications in the fourth quarter worth $4,901,000. Deltec Asset Management LLC bought a new position in shares of Charter Communications in the fourth quarter worth $840,000. Raymond James Trust N.A. grew its stake in shares of Charter Communications by 69.2% in the fourth quarter. Raymond James Trust N.A. now owns 1,232 shares of the company’s stock worth $414,000 after purchasing an additional 504 shares in the last quarter. Public Employees Retirement Association of Colorado grew its stake in shares of Charter Communications by 2.5% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 39,784 shares of the company’s stock worth $13,366,000 after purchasing an additional 957 shares in the last quarter. Finally, Gabelli Funds LLC grew its stake in shares of Charter Communications by 4.3% in the fourth quarter. Gabelli Funds LLC now owns 135,159 shares of the company’s stock worth $45,408,000 after purchasing an additional 5,599 shares in the last quarter. 72.05% of the stock is owned by institutional investors.

Charter Communications, Inc. (NASDAQ CHTR) opened at $349.43 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.23 and a quick ratio of 0.40. Charter Communications, Inc. has a 1 year low of $308.30 and a 1 year high of $408.83. The firm has a market capitalization of $86,677.88, a price-to-earnings ratio of 9.75, a P/E/G ratio of 2.93 and a beta of 1.14.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, February 2nd. The company reported $0.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.01. Charter Communications had a return on equity of 1.11% and a net margin of 23.80%. The business had revenue of $10.60 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same quarter last year, the company posted $1.67 EPS. Charter Communications’s revenue for the quarter was up 3.2% on a year-over-year basis. research analysts expect that Charter Communications, Inc. will post 4.55 earnings per share for the current fiscal year.

In related news, EVP Jonathan Hargis sold 27,000 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $364.76, for a total value of $9,848,520.00. Following the completion of the transaction, the executive vice president now owns 34,931 shares in the company, valued at approximately $12,741,431.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.56% of the company’s stock.

Several brokerages recently weighed in on CHTR. TheStreet raised Charter Communications from a “c” rating to a “b+” rating in a research note on Friday, February 2nd. Buckingham Research began coverage on Charter Communications in a research note on Wednesday, December 13th. They set a “buy” rating and a $415.00 target price for the company. Guggenheim raised Charter Communications from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 3rd. SunTrust Banks reaffirmed a “buy” rating and set a $380.00 target price on shares of Charter Communications in a research note on Friday, October 27th. Finally, Pivotal Research reaffirmed a “buy” rating and set a $420.00 target price (up previously from $405.00) on shares of Charter Communications in a research note on Friday, October 27th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $396.11.

COPYRIGHT VIOLATION NOTICE: This piece was first published by Watch List News and is owned by of Watch List News. If you are accessing this piece on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be read at https://www.watchlistnews.com/charter-communications-inc-chtr-stake-lessened-by-tokio-marine-asset-management-co-ltd/1857202.html.

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.

Want to see what other hedge funds are holding CHTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Charter Communications, Inc. (NASDAQ:CHTR).

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

Receive News & Ratings for Charter Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charter Communications and related companies with MarketBeat.com's FREE daily email newsletter.