Exchange Traded Concepts LLC Grows Holdings in Charter Communications, Inc. $CHTR

Exchange Traded Concepts LLC boosted its position in Charter Communications, Inc. (NASDAQ:CHTR) by 92.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 29,508 shares of the company’s stock after purchasing an additional 14,191 shares during the period. Exchange Traded Concepts LLC’s holdings in Charter Communications were worth $6,160,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Avanza Fonder AB grew its holdings in shares of Charter Communications by 47.3% in the fourth quarter. Avanza Fonder AB now owns 9,717 shares of the company’s stock valued at $2,028,000 after acquiring an additional 3,121 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Charter Communications by 229.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 138,972 shares of the company’s stock valued at $29,010,000 after acquiring an additional 96,754 shares during the last quarter. Nordea Investment Management AB lifted its holdings in Charter Communications by 3.0% during the fourth quarter. Nordea Investment Management AB now owns 11,604 shares of the company’s stock worth $2,420,000 after acquiring an additional 341 shares during the period. Central Pacific Bank Trust Division lifted its holdings in Charter Communications by 15.6% during the fourth quarter. Central Pacific Bank Trust Division now owns 5,175 shares of the company’s stock worth $1,080,000 after acquiring an additional 700 shares during the period. Finally, Chemistry Wealth Management LLC boosted its position in Charter Communications by 45.2% in the fourth quarter. Chemistry Wealth Management LLC now owns 1,571 shares of the company’s stock worth $328,000 after purchasing an additional 489 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Up 0.8%

Shares of NASDAQ CHTR opened at $220.94 on Tuesday. The company has a debt-to-equity ratio of 4.65, a current ratio of 0.39 and a quick ratio of 0.39. The stock has a market capitalization of $27.98 billion, a PE ratio of 6.09, a P/E/G ratio of 0.34 and a beta of 1.02. Charter Communications, Inc. has a one year low of $180.38 and a one year high of $437.06. The business’s fifty day moving average price is $219.79 and its 200-day moving average price is $224.71.

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

Analyst Ratings Changes

A number of research analysts have issued reports on CHTR shares. Deutsche Bank Aktiengesellschaft reduced their price objective on Charter Communications from $275.00 to $235.00 and set a “hold” rating for the company in a research note on Tuesday, February 3rd. Wells Fargo & Company boosted their price target on shares of Charter Communications from $180.00 to $200.00 and gave the stock an “underweight” rating in a report on Monday, February 2nd. Zacks Research upgraded shares of Charter Communications from a “strong sell” rating to a “hold” rating in a research report on Monday, February 16th. The Goldman Sachs Group decreased their price objective on shares of Charter Communications from $210.00 to $185.00 and set a “sell” rating for the company in a report on Monday, February 2nd. Finally, Sanford C. Bernstein set a $220.00 price objective on shares of Charter Communications in a research report on Wednesday, January 28th. Six research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat.com, Charter Communications has a consensus rating of “Hold” and an average price target of $335.11.

Charter Communications Company 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.