Skandinaviska Enskilda Banken AB publ Raises Position in Charter Communications, Inc. (NASDAQ:CHTR)

Skandinaviska Enskilda Banken AB publ raised its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 13.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,245 shares of the company's stock after purchasing an additional 3,056 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Charter Communications were worth $9,007,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in Charter Communications in the third quarter valued at approximately $28,000. Avior Wealth Management LLC boosted its stake in shares of Charter Communications by 104.7% during the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock worth $30,000 after acquiring an additional 45 shares during the period. Sierra Ocean LLC bought a new position in shares of Charter Communications during the 4th quarter worth approximately $32,000. Wingate Wealth Advisors Inc. bought a new position in shares of Charter Communications during the 4th quarter worth approximately $45,000. Finally, Union Bancaire Privee UBP SA bought a new position in shares of Charter Communications during the 4th quarter worth approximately $55,000. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Stock Down 0.4 %

CHTR stock traded down $1.43 during trading on Wednesday, reaching $353.02. 1,202,923 shares of the stock were exchanged, compared to its average volume of 1,198,908. The firm's 50 day moving average is $355.82 and its 200 day moving average is $354.78. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The firm has a market cap of $50.20 billion, a P/E ratio of 10.10, 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 quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping analysts' consensus estimates 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 in the prior year, the company posted $7.07 EPS. As a group, research analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Citigroup assumed coverage on Charter Communications in a report on Friday, March 14th. They set a "buy" rating and a $425.00 price target for the company. Royal Bank of Canada lifted their price target on Charter Communications from $380.00 to $385.00 and gave the stock a "sector perform" rating in a report on Monday, February 3rd. BNP Paribas raised Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 price target for the company in a report on Tuesday, November 26th. StockNews.com raised Charter Communications from a "hold" rating to a "buy" rating in a report on Tuesday. Finally, Barclays lifted their price target on Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a report on Monday, February 3rd. Four analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $389.39.

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.