Siemens Fonds Invest GmbH Cuts Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Siemens Fonds Invest GmbH decreased its position in shares of Charter Communications, Inc. (NASDAQ:CHTRGet Rating) by 1.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,381 shares of the company’s stock after selling 93 shares during the period. Siemens Fonds Invest GmbH’s holdings in Charter Communications were worth $2,935,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. increased its position in Charter Communications by 3.1% during the 4th quarter. BlackRock Inc. now owns 8,655,420 shares of the company’s stock valued at $5,643,072,000 after buying an additional 260,167 shares in the last quarter. State Street Corp raised its position in shares of Charter Communications by 2.9% in the 4th quarter. State Street Corp now owns 5,922,241 shares of the company’s stock valued at $3,861,123,000 after purchasing an additional 168,261 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Charter Communications by 67.0% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,189,146 shares of the company’s stock worth $2,285,264,000 after purchasing an additional 1,680,069 shares in the last quarter. Veritas Asset Management LLP grew its position in Charter Communications by 0.5% during the 1st quarter. Veritas Asset Management LLP now owns 2,638,031 shares of the company’s stock worth $1,439,099,000 after purchasing an additional 14,400 shares during the last quarter. Finally, Capital World Investors lifted its stake in shares of Charter Communications by 7.4% during the fourth quarter. Capital World Investors now owns 2,137,400 shares of the company’s stock worth $1,393,521,000 after buying an additional 147,965 shares during the period. 66.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Morgan Stanley reduced their target price on Charter Communications from $600.00 to $550.00 and set an “equal weight” rating for the company in a research note on Monday, August 1st. Barclays decreased their target price on Charter Communications to $388.00 in a report on Tuesday, August 9th. Royal Bank of Canada reduced their price target on shares of Charter Communications from $700.00 to $575.00 in a research report on Friday, June 17th. KeyCorp upped their price objective on shares of Charter Communications from $555.00 to $592.00 and gave the company an “overweight” rating in a report on Wednesday, August 24th. Finally, StockNews.com cut shares of Charter Communications from a “buy” rating to a “hold” rating in a report on Monday, September 5th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Charter Communications currently has an average rating of “Hold” and an average target price of $623.42.

Charter Communications Price Performance

NASDAQ:CHTR opened at $405.91 on Friday. The firm has a market cap of $65.21 billion, a P/E ratio of 13.04, a price-to-earnings-growth ratio of 0.40 and a beta of 0.91. The stock has a 50 day moving average of $451.20 and a two-hundred day moving average of $491.04. Charter Communications, Inc. has a 12 month low of $391.81 and a 12 month high of $804.80. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 6.99.

Charter Communications (NASDAQ:CHTRGet Rating) last announced its quarterly earnings data on Friday, July 29th. The company reported $8.80 earnings per share for the quarter, beating analysts’ consensus estimates of $6.82 by $1.98. Charter Communications had a return on equity of 31.83% and a net margin of 10.35%. The company had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.42 billion. During the same quarter last year, the firm posted $5.29 EPS. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, analysts expect that Charter Communications, Inc. will post 31.44 earnings per share for the current fiscal year.

About Charter Communications

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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 video services, including video on demand, high-definition television, digital video recorder, pay-per-view services.

Further Reading

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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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