Charter Communications, Inc. (NASDAQ:CHTR) Shares Acquired by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 183.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,162 shares of the company's stock after acquiring an additional 34,434 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Charter Communications were worth $18,222,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CHTR. Dimensional Fund Advisors LP raised its stake in Charter Communications by 21.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 900,849 shares of the company's stock valued at $308,795,000 after acquiring an additional 161,547 shares in the last quarter. Epoch Investment Partners Inc. acquired a new position in shares of Charter Communications in the 4th quarter worth $806,000. Forum Financial Management LP boosted its holdings in shares of Charter Communications by 13.3% in the fourth quarter. Forum Financial Management LP now owns 1,235 shares of the company's stock worth $423,000 after buying an additional 145 shares during the period. Capital International Sarl raised its stake in Charter Communications by 6.3% during the 4th quarter. Capital International Sarl now owns 17,356 shares of the company's stock valued at $5,949,000 after purchasing an additional 1,027 shares during the period. Finally, CANADA LIFE ASSURANCE Co lifted its stake in Charter Communications by 4.2% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 91,293 shares of the company's stock worth $31,279,000 after acquiring an additional 3,646 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company's stock.

Charter Communications Stock Up 1.9 %

Shares of Charter Communications stock traded up $6.17 during trading on Wednesday, hitting $337.51. 1,572,394 shares of the stock were exchanged, compared to its average volume of 1,248,295. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market cap of $47.91 billion, a price-to-earnings ratio of 9.65, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. The firm's 50-day moving average price is $356.08 and its 200 day moving average price is $358.22.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings results on Friday, February 7th. The company reported $10.10 EPS 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 period last year, the company earned $7.07 EPS. As a group, analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CHTR has been the subject of a number of analyst reports. StockNews.com upgraded shares of Charter Communications from a "hold" rating to a "buy" rating in a research note on Tuesday. Barclays lifted their price target on shares of Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a report on Monday, February 3rd. Royal Bank of Canada lifted their target price on Charter Communications from $380.00 to $385.00 and gave the stock a "sector perform" rating in a report on Monday, February 3rd. Wells Fargo & Company cut their price objective on shares of Charter Communications from $400.00 to $380.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Finally, BNP Paribas reaffirmed an "underperform" rating and issued a $290.00 price target on shares of Charter Communications in a research note on Thursday, April 10th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $387.88.

About Charter Communications

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.