AIA Group Ltd Acquires 4,307 Shares of Charter Communications, Inc. $CHTR

AIA Group Ltd raised its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 275.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,870 shares of the company’s stock after acquiring an additional 4,307 shares during the quarter. AIA Group Ltd’s holdings in Charter Communications were worth $1,615,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Webster Bank N. A. acquired a new stake in Charter Communications during the 3rd quarter worth about $28,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Charter Communications during the 3rd quarter valued at about $30,000. Geneos Wealth Management Inc. boosted its position in Charter Communications by 141.0% in 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. Mather Group LLC. purchased a new stake in Charter Communications during the third quarter worth $38,000. Finally, Root Financial Partners LLC purchased a new position in Charter Communications in the third quarter valued at $38,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company increased their target price on shares of Charter Communications from $180.00 to $200.00 and gave the stock an “underweight” rating in a research note on Monday, February 2nd. KeyCorp reiterated a “sector weight” rating on shares of Charter Communications in a research report on Monday, January 26th. New Street Research cut their price target on shares of Charter Communications from $479.00 to $328.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Royal Bank Of Canada lowered their price objective on Charter Communications from $265.00 to $240.00 and set a “sector perform” rating on the stock in a report on Friday, January 16th. Finally, Williams Trading set a $437.00 price objective on Charter Communications in a research note on Monday, February 2nd. Six analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $335.11.

Charter Communications Price Performance

Shares of CHTR opened at $213.00 on Friday. The firm has a market capitalization of $26.97 billion, a price-to-earnings ratio of 5.87, a price-to-earnings-growth ratio of 0.33 and a beta of 1.02. The company has a debt-to-equity ratio of 4.65, a quick ratio of 0.39 and a current ratio of 0.39. The stock’s fifty day moving average is $217.18 and its 200-day moving average is $227.07. Charter Communications, Inc. has a one year low of $180.38 and a one year high of $437.06.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, January 30th. The company reported $10.34 earnings per share (EPS) 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 business had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.73 billion. During the same quarter last year, the firm posted $10.10 EPS. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. Equities analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current year.

About Charter Communications

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.