KLP Kapitalforvaltning AS acquired a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 31,824 shares of the company's stock, valued at approximately $10,908,000.
Several other hedge funds have also modified their holdings of CHTR. Franklin Resources Inc. boosted its holdings in shares of Charter Communications by 4.9% in the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company's stock valued at $1,052,868,000 after purchasing an additional 148,003 shares during the last quarter. Geode Capital Management LLC boosted its holdings 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 valued at $785,744,000 after acquiring an additional 13,430 shares during the last quarter. FMR LLC grew its position in Charter Communications by 27.7% during the third quarter. FMR LLC now owns 1,064,948 shares of the company's stock valued at $345,128,000 after acquiring an additional 230,817 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Charter Communications by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 847,921 shares of the company's stock worth $290,642,000 after purchasing an additional 23,225 shares during the period. Finally, First Pacific Advisors LP grew its holdings in shares of Charter Communications by 0.6% during the 4th quarter. First Pacific Advisors LP now owns 614,122 shares of the company's stock worth $210,503,000 after purchasing an additional 3,490 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.
Charter Communications Stock Performance
Shares of NASDAQ CHTR traded up $11.82 during mid-day trading on Wednesday, hitting $386.83. The company had a trading volume of 692,263 shares, compared to its average volume of 1,192,286. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27. The stock has a market cap of $55.01 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 0.44 and a beta of 1.13. 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 firm's 50 day simple moving average is $357.91 and its two-hundred day simple moving average is $355.75.
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 (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 quarter in the prior year, the business earned $7.07 earnings per share. As a group, equities research analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current year.
Wall Street Analyst Weigh In
CHTR has been the subject of several research reports. Citigroup initiated coverage on shares of Charter Communications in a research note on Friday, March 14th. They set a "buy" rating and a $425.00 price objective for the company. BNP Paribas upgraded Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 price objective on the stock in a research note on Tuesday, November 26th. Benchmark reiterated a "buy" rating and issued a $450.00 target price on shares of Charter Communications in a research note on Friday, January 31st. Royal Bank of Canada boosted their price target on Charter Communications from $380.00 to $385.00 and gave the stock a "sector perform" rating in a research report on Monday, February 3rd. Finally, Barclays lifted their price objective on shares of Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a research note on Monday, February 3rd. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Charter Communications has a consensus rating of "Hold" and an average price target of $389.39.
Read Our Latest Report on CHTR
About Charter Communications
(
Free Report)
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.
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