Allianz Asset Management GmbH Buys 10,247 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Allianz Asset Management GmbH increased its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 352,378 shares of the company's stock after acquiring an additional 10,247 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.25% of Charter Communications worth $120,785,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Franklin Resources Inc. increased its stake in shares of Charter Communications by 4.9% during the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company's stock worth $1,052,868,000 after purchasing an additional 148,003 shares during the last quarter. Geode Capital Management LLC increased its position in Charter Communications by 0.6% in the third quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company's stock worth $785,744,000 after buying an additional 13,430 shares during the last quarter. FMR LLC raised its stake in shares of Charter Communications by 27.7% in the third quarter. FMR LLC now owns 1,064,948 shares of the company's stock valued at $345,128,000 after buying an additional 230,817 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Charter Communications by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company's stock valued at $267,267,000 after buying an additional 7,008 shares during the last quarter. Finally, Cryder Capital Partners LLP grew its stake in shares of Charter Communications by 8.0% during the 3rd quarter. Cryder Capital Partners LLP now owns 533,036 shares of the company's stock worth $172,746,000 after acquiring an additional 39,334 shares during the period. Hedge funds and other institutional investors own 81.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Charter Communications from $385.00 to $400.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. Bank of America upgraded shares of Charter Communications from a "neutral" rating to a "buy" rating and upped their price target for the company from $385.00 to $450.00 in a research note on Monday, November 4th. Royal Bank of Canada lifted their price objective on shares of Charter Communications from $380.00 to $385.00 and gave the company a "sector perform" rating in a research note on Monday, February 3rd. Wells Fargo & Company increased their target price on Charter Communications from $350.00 to $400.00 and gave the stock an "equal weight" rating in a research report on Monday, November 4th. Finally, BNP Paribas upgraded Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 price target for the company in a research report on Tuesday, November 26th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $384.42.

Charter Communications Trading Down 0.5 %

Shares of NASDAQ:CHTR traded down $1.97 during trading on Friday, reaching $361.04. 614,200 shares of the company traded hands, compared to its average volume of 1,112,568. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27. The firm has a market capitalization of $51.34 billion, a price-to-earnings ratio of 10.33, a P/E/G ratio of 0.44 and a beta of 1.11. The business's fifty day moving average is $352.53 and its 200-day moving average is $353.62.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, beating the consensus estimate of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same quarter in the previous year, the company posted $7.07 earnings per share. As a group, analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current 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.