Royal London Asset Management Ltd. Buys 2,027 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Royal London Asset Management Ltd. raised its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,956 shares of the company's stock after purchasing an additional 2,027 shares during the period. Royal London Asset Management Ltd.'s holdings in Charter Communications were worth $22,951,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Avior Wealth Management LLC lifted its stake in shares of Charter Communications by 104.7% in the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock valued at $30,000 after buying an additional 45 shares during the period. Sierra Ocean LLC bought a new stake in shares of Charter Communications in the 4th quarter worth approximately $32,000. Generali Asset Management SPA SGR acquired a new stake in shares of Charter Communications during the 4th quarter worth approximately $36,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Charter Communications during the fourth quarter valued at approximately $45,000. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Charter Communications in the fourth quarter valued at $55,000. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Trading Up 2.6 %

Shares of CHTR traded up $9.76 on Wednesday, reaching $384.77. 1,371,615 shares of the company's stock were exchanged, compared to its average volume of 1,194,867. The business has a 50 day moving average price of $357.91 and a two-hundred day moving average price of $355.75. 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 12 month low of $236.08 and a 12 month high of $415.27. The stock has a market capitalization of $54.71 billion, a P/E ratio of 11.01, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. BNP Paribas upgraded shares of Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 price target on the stock in a research note on Tuesday, November 26th. Benchmark restated a "buy" rating and set a $450.00 price target on shares of Charter Communications in a research note on Friday, January 31st. Citigroup assumed coverage on Charter Communications in a report on Friday, March 14th. They issued a "buy" rating and a $425.00 target price for the company. StockNews.com lowered Charter Communications from a "buy" rating to a "hold" rating in a research note on Wednesday. Finally, Royal Bank of Canada increased their price objective on Charter Communications from $380.00 to $385.00 and gave the stock a "sector perform" rating in a research note on Monday, February 3rd. Four 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. According to data from MarketBeat, Charter Communications has a consensus rating of "Hold" and a consensus target price of $389.39.

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.