Principal Financial Group Inc. grew its holdings in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 2.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,103 shares of the company's stock after acquiring an additional 2,495 shares during the period. Principal Financial Group Inc. owned about 0.08% of Charter Communications worth $36,330,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Reston Wealth Management LLC purchased a new stake in Charter Communications during the 3rd quarter valued at approximately $26,000. Ashton Thomas Securities LLC bought a new stake in Charter Communications in the 3rd quarter valued at $28,000. Grove Bank & Trust boosted its holdings in shares of Charter Communications by 39.1% during the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company's stock valued at $39,000 after purchasing an additional 34 shares during the last quarter. CVA Family Office LLC lifted its position in shares of Charter Communications by 31.3% in the third quarter. CVA Family Office LLC now owns 147 shares of the company's stock worth $48,000 after buying an additional 35 shares in the last quarter. Finally, Capital Advisors Ltd. LLC boosted its stake in 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 buying an additional 35 shares during the last quarter. Institutional investors own 81.76% of the company's stock.
Charter Communications Stock Up 0.8 %
CHTR traded up $2.73 on Tuesday, reaching $352.19. The company's stock had a trading volume of 372,905 shares, compared to its average volume of 1,359,914. The company has a market capitalization of $50.08 billion, a price-to-earnings ratio of 11.03, a P/E/G ratio of 0.60 and a beta of 1.08. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. The stock has a 50 day moving average of $370.21 and a two-hundred day moving average of $341.52.
Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings results on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, beating analysts' consensus estimates of $8.55 by $0.27. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The firm had revenue of $13.80 billion during the quarter, compared to analysts' expectations of $13.66 billion. During the same period in the previous year, the company earned $8.25 earnings per share. Charter Communications's quarterly revenue was up 1.6% compared to the same quarter last year. As a group, analysts forecast that Charter Communications, Inc. will post 32.87 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on CHTR. KeyCorp raised Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 price objective on the stock in a research note on Thursday, December 12th. Benchmark boosted their target price on Charter Communications from $440.00 to $450.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. Citigroup upgraded Charter Communications from a "sell" rating to a "neutral" rating and set a $350.00 price target for the company in a research report on Wednesday, September 11th. BNP Paribas upgraded shares of Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 target price for the company in a report on Tuesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Charter Communications from $340.00 to $365.00 and gave the company a "hold" rating in a report on Monday, November 4th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $384.42.
View Our Latest Stock Report on Charter Communications
Charter Communications Company Profile
(
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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