Andra AP fonden Buys 200 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Andra AP fonden lifted its holdings in Charter Communications, Inc. (NASDAQ:CHTRFree Report) by 1.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,400 shares of the company’s stock after buying an additional 200 shares during the quarter. Andra AP fonden’s holdings in Charter Communications were worth $5,014,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CHTR. Janiczek Wealth Management LLC raised its holdings in shares of Charter Communications by 168.0% in the third quarter. Janiczek Wealth Management LLC now owns 67 shares of the company’s stock valued at $29,000 after buying an additional 42 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC bought a new stake in Charter Communications during the 3rd quarter worth about $31,000. West Branch Capital LLC bought a new stake in Charter Communications during the 2nd quarter worth about $36,000. Harbour Investments Inc. raised its holdings in Charter Communications by 30.5% during the 2nd quarter. Harbour Investments Inc. now owns 137 shares of the company’s stock worth $50,000 after purchasing an additional 32 shares during the last quarter. Finally, AXS Investments LLC raised its holdings in Charter Communications by 34.2% during the 2nd quarter. AXS Investments LLC now owns 153 shares of the company’s stock worth $56,000 after purchasing an additional 39 shares during the last quarter. 93.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CHTR shares. JPMorgan Chase & Co. cut Charter Communications from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $445.00 to $370.00 in a report on Monday, February 5th. Wells Fargo & Company cut Charter Communications from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $460.00 to $340.00 in a report on Monday, February 5th. Barclays dropped their price objective on Charter Communications from $325.00 to $280.00 and set an “underweight” rating for the company in a report on Monday, February 5th. Rosenblatt Securities dropped their price objective on Charter Communications from $475.00 to $472.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. Finally, Pivotal Research lowered their price target on Charter Communications from $500.00 to $450.00 and set a “buy” rating for the company in a research note on Monday, February 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $425.31.

Check Out Our Latest Report on CHTR

Charter Communications Price Performance

Shares of CHTR opened at $291.15 on Friday. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.33 and a current ratio of 0.31. The stock has a 50 day simple moving average of $366.97 and a 200 day simple moving average of $403.65. Charter Communications, Inc. has a 52-week low of $279.64 and a 52-week high of $458.30. The firm has a market capitalization of $43.07 billion, a PE ratio of 9.70, a P/E/G ratio of 0.44 and a beta of 1.03.

Charter Communications (NASDAQ:CHTRGet Free Report) last issued its quarterly earnings data on Friday, February 2nd. The company reported $7.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.76 by ($1.69). Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. The business had revenue of $13.71 billion during the quarter, compared to analyst estimates of $13.70 billion. During the same quarter in the prior year, the firm posted $7.69 earnings per share. Charter Communications’s revenue for the quarter was up .3% compared to the same quarter last year. Sell-side analysts predict that Charter Communications, Inc. will post 33.33 EPS for the current fiscal year.

Insiders Place Their Bets

In other Charter Communications news, Chairman Thomas Rutledge sold 83,970 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $410.82, for a total transaction of $34,496,555.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.32% of the company’s stock.

Charter Communications Company Profile

(Free Report)

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; security suite that protects computers from viruses and spyware, and threats from malicious actors; 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.

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

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