Principal Financial Group Inc. Raises Position in Charter Communications, Inc. (NASDAQ:CHTR)

Principal Financial Group Inc. lifted its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 2.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 112,103 shares of the company's stock after acquiring an additional 2,495 shares during the quarter. Principal Financial Group Inc. owned approximately 0.08% of Charter Communications worth $36,330,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Savant Capital LLC lifted its stake in shares of Charter Communications by 1.7% in the second quarter. Savant Capital LLC now owns 1,859 shares of the company's stock worth $556,000 after buying an additional 31 shares in the last quarter. US Bancorp DE lifted its position in Charter Communications by 0.4% during the 3rd quarter. US Bancorp DE now owns 7,370 shares of the company's stock worth $2,388,000 after acquiring an additional 31 shares during the period. B. Riley Wealth Advisors Inc. raised its stake in shares of Charter Communications by 3.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 1,051 shares of the company's stock worth $314,000 after buying an additional 32 shares during the period. Grove Bank & Trust raised its position 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 buying an additional 34 shares during the period. Finally, CVA Family Office LLC boosted its holdings in Charter Communications by 31.3% in the third quarter. CVA Family Office LLC now owns 147 shares of the company's stock valued at $48,000 after purchasing an additional 35 shares during the period. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on CHTR. Wolfe Research lowered Charter Communications from a "peer perform" rating to an "underperform" rating and set a $300.00 price objective on the stock. in a research report on Monday, September 30th. Pivotal Research raised their price objective on shares of Charter Communications from $435.00 to $525.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. Benchmark raised their price objective on Charter Communications from $440.00 to $450.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. Raymond James downgraded shares of Charter Communications from a "market perform" rating to an "underperform" rating in a research report on Monday, July 29th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Charter Communications from $385.00 to $400.00 and gave the company a "neutral" rating in a report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $379.06.

Charter Communications Price Performance

NASDAQ:CHTR traded down $5.85 during trading hours on Tuesday, hitting $390.19. The company's stock had a trading volume of 833,256 shares, compared to its average volume of 1,382,264. The company has a market capitalization of $55.49 billion, a PE ratio of 12.40, a PEG ratio of 0.63 and a beta of 1.03. The business's 50-day moving average is $337.67 and its two-hundred day moving average is $317.79. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $421.16. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.39 and a current ratio of 0.34.

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 (EPS) for the quarter, beating the consensus estimate of $8.55 by $0.27. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The business had revenue of $13.80 billion during the quarter, compared to analyst estimates of $13.66 billion. During the same period in the previous year, the company earned $8.25 EPS. The firm's revenue was up 1.6% on a year-over-year basis. As a group, research analysts anticipate that Charter Communications, Inc. will post 32.87 EPS for the current fiscal year.

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.