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

Principal Financial Group Inc. lessened its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 1.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 110,022 shares of the company's stock after selling 2,081 shares during the quarter. Principal Financial Group Inc. owned about 0.08% of Charter Communications worth $37,712,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. FMR LLC boosted its holdings in shares of Charter Communications by 27.7% in the third quarter. FMR LLC now owns 1,064,948 shares of the company's stock worth $345,128,000 after acquiring an additional 230,817 shares during the period. Fernbridge Capital Management LP bought a new position in Charter Communications in the 3rd quarter worth about $48,200,000. Franklin Resources Inc. boosted its position in shares of Charter Communications by 4.9% in the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company's stock valued at $1,052,868,000 after acquiring an additional 148,003 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Charter Communications during the 3rd quarter valued at $244,720,000. Finally, Empirical Asset Management LLC bought a new position in shares of Charter Communications in the fourth quarter worth $21,338,000. 81.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CHTR shares. Bank of America upgraded Charter Communications from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $385.00 to $450.00 in a research report on Monday, November 4th. Barclays upped their price objective on shares of Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. raised their target price on shares of Charter Communications from $385.00 to $400.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. Wells Fargo & Company upped their target price on shares of Charter Communications from $350.00 to $400.00 and gave the stock an "equal weight" rating in a research report on Monday, November 4th. Finally, Morgan Stanley raised their price target on Charter Communications from $360.00 to $415.00 and gave the company an "equal weight" rating in a research report on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $384.42.

Charter Communications Trading Down 0.5 %

NASDAQ CHTR traded down $1.97 on Friday, hitting $361.04. The company's stock had a trading volume of 614,200 shares, compared to its average volume of 1,112,568. 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 52-week low of $236.08 and a 52-week high of $415.27. The firm has a market cap of $51.34 billion, a P/E ratio of 10.33, a PEG ratio of 0.44 and a beta of 1.11. The company's 50-day simple moving average is $352.53 and its 200 day simple moving average is $353.62.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share 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 period in the previous year, the company earned $7.07 EPS. Research analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

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.