Charter Communications, Inc. $CHTR Shares Bought by Avanza Fonder AB

Avanza Fonder AB lifted its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 47.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,717 shares of the company’s stock after buying an additional 3,121 shares during the period. Avanza Fonder AB’s holdings in Charter Communications were worth $2,028,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its position in Charter Communications by 141.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock worth $35,000 after purchasing an additional 55 shares in the last quarter. Webster Bank N. A. purchased a new position in shares of Charter Communications in the 3rd quarter valued at $28,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Charter Communications during the 3rd quarter valued at $30,000. Rakuten Securities Inc. increased its holdings in Charter Communications by 535.0% in the 2nd quarter. Rakuten Securities Inc. now owns 127 shares of the company’s stock valued at $52,000 after purchasing an additional 107 shares in the last quarter. Finally, Mather Group LLC. purchased a new position in Charter Communications in the third quarter valued at about $38,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company upped their target price on Charter Communications from $180.00 to $200.00 and gave the stock an “underweight” rating in a research report on Monday, February 2nd. BNP Paribas Exane reduced their target price on shares of Charter Communications from $160.00 to $150.00 and set an “underperform” rating on the stock in a research report on Tuesday, February 24th. Weiss Ratings restated a “sell (d+)” rating on shares of Charter Communications in a research note on Monday, December 29th. Royal Bank Of Canada lowered their price target on shares of Charter Communications from $265.00 to $240.00 and set a “sector perform” rating for the company in a report on Friday, January 16th. Finally, TD Cowen lifted their price target on shares of Charter Communications from $428.00 to $437.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Six analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $335.11.

Charter Communications Stock Performance

Charter Communications stock opened at $217.60 on Wednesday. Charter Communications, Inc. has a 52 week low of $180.38 and a 52 week high of $437.06. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 4.65. The stock has a market cap of $27.55 billion, a P/E ratio of 6.00, a price-to-earnings-growth ratio of 0.34 and a beta of 1.02. The stock has a 50 day moving average of $217.77 and a 200-day moving average of $225.96.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, January 30th. The company reported $10.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.40 by ($0.06). Charter Communications had a return on equity of 24.63% and a net margin of 9.10%.The company had revenue of $13.60 billion during the quarter, compared to the consensus estimate of $13.73 billion. During the same quarter last year, the firm posted $10.10 EPS. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. On average, analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Charter Communications Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.