Principal Financial Group Inc. Sells 2,081 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Principal Financial Group Inc. trimmed its position in Charter Communications, Inc. (NASDAQ:CHTR) by 1.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 110,022 shares of the company’s stock after selling 2,081 shares during the period. Principal Financial Group Inc. owned 0.08% of Charter Communications worth $37,712,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CHTR. Creative Planning boosted its holdings in Charter Communications by 1.5% in the 3rd quarter. Creative Planning now owns 10,981 shares of the company’s stock valued at $3,559,000 after purchasing an additional 161 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in Charter Communications by 14.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,618 shares of the company’s stock valued at $848,000 after purchasing an additional 327 shares during the period. Signaturefd LLC boosted its holdings in Charter Communications by 10.6% in the 3rd quarter. Signaturefd LLC now owns 1,232 shares of the company’s stock valued at $399,000 after purchasing an additional 118 shares during the period. Commerzbank Aktiengesellschaft FI bought a new stake in shares of Charter Communications during the 3rd quarter worth $235,000. Finally, Greenleaf Trust lifted its holdings in shares of Charter Communications by 6.2% during the 3rd quarter. Greenleaf Trust now owns 2,126 shares of the company’s stock worth $689,000 after acquiring an additional 125 shares during the last quarter. 81.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CHTR. Pivotal Research lifted their price objective on shares of Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Benchmark reaffirmed a “buy” rating and set a $450.00 price objective on shares of Charter Communications in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a report on Monday, November 4th. KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective for the company in a report on Thursday, December 12th. Finally, Morgan Stanley lifted their price objective on shares of Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Charter Communications has an average rating of “Hold” and a consensus target price of $384.42.

Charter Communications Stock Performance

Charter Communications stock opened at $361.04 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The firm has a 50-day moving average of $352.53 and a 200-day moving average of $353.65. The firm has a market cap of $51.34 billion, a P/E ratio of 10.33, a P/E/G ratio of 0.44 and a beta of 1.11. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same quarter last year, the company earned $7.07 earnings per share. Sell-side analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current year.

About Charter Communications

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; Advanced WiFi services; Spectrum Security Shield; 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.