Avanza Fonder AB Buys Shares of 7,955 Charter Communications, Inc. (NASDAQ:CHTR)

Avanza Fonder AB purchased a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,955 shares of the company's stock, valued at approximately $2,727,000.

Several other institutional investors have also added to or reduced their stakes in the company. Reston Wealth Management LLC bought a new position in shares of Charter Communications during the third quarter valued at about $26,000. Ashton Thomas Securities LLC bought a new position in Charter Communications during the 3rd quarter valued at approximately $28,000. Grove Bank & Trust lifted its holdings in Charter Communications by 39.1% in the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company's stock worth $39,000 after buying an additional 34 shares during the period. CVA Family Office LLC increased its stake in shares of Charter Communications by 31.3% during the third quarter. CVA Family Office LLC now owns 147 shares of the company's stock valued at $48,000 after buying an additional 35 shares during the period. Finally, Capital Advisors Ltd. LLC raised its holdings in shares of Charter Communications by 28.7% during the third quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company's stock valued at $51,000 after acquiring an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company's stock.

Charter Communications Stock Up 1.4 %

Shares of CHTR stock traded up $4.69 during mid-day trading on Friday, hitting $351.37. The company's stock had a trading volume of 1,206,935 shares, compared to its average volume of 792,897. The stock has a market cap of $49.96 billion, a price-to-earnings ratio of 11.00, a PEG ratio of 0.48 and a beta of 1.10. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27. The business has a 50-day moving average price of $370.33 and a 200 day moving average price of $349.10.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its earnings results on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, topping analysts' consensus estimates of $8.55 by $0.27. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The business had revenue of $13.80 billion during the quarter, compared to analyst estimates of $13.66 billion. During the same quarter in the previous year, the firm earned $8.25 EPS. Charter Communications's revenue was up 1.6% on a year-over-year basis. Research analysts predict that Charter Communications, Inc. will post 34.46 EPS for the current fiscal year.

Analysts Set New Price Targets

CHTR has been the topic of a number of research analyst reports. KeyCorp raised shares of Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 price objective on the stock in a research report on Thursday, December 12th. Wolfe Research cut shares of Charter Communications from a "peer perform" rating to an "underperform" rating and set a $300.00 price target on the stock. in a research report on Monday, September 30th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Charter Communications from $340.00 to $365.00 and gave the stock a "hold" rating in a report on Monday, November 4th. Bank of America upgraded Charter Communications from a "neutral" rating to a "buy" rating and upped their target price for the stock from $385.00 to $450.00 in a report on Monday, November 4th. Finally, Benchmark raised their target price on Charter Communications from $440.00 to $450.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Charter Communications presently has a consensus rating of "Hold" and an average target price of $383.89.

Charter Communications 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.