MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Sells 7,004 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lessened its position in Charter Communications, Inc. (NASDAQ:CHTR) by 32.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,783 shares of the company’s stock after selling 7,004 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Charter Communications were worth $5,073,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Lind Value II ApS bought a new stake in Charter Communications in the 4th quarter valued at $9,743,000. Oddo BHF Asset Management Sas acquired a new position in shares of Charter Communications during the third quarter valued at about $1,345,000. Worldquant Millennium Advisors LLC lifted its stake in shares of Charter Communications by 193.8% in the third quarter. Worldquant Millennium Advisors LLC now owns 40,092 shares of the company’s stock valued at $12,993,000 after buying an additional 26,446 shares during the period. Franklin Resources Inc. grew its position in Charter Communications by 4.9% during the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after buying an additional 148,003 shares in the last quarter. Finally, Cornerstone Capital Inc. increased its stake in Charter Communications by 40.7% during the third quarter. Cornerstone Capital Inc. now owns 37,860 shares of the company’s stock valued at $12,270,000 after acquiring an additional 10,950 shares during the period. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Trading Up 2.0 %

CHTR opened at $359.96 on Friday. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27. The company has a fifty day moving average of $367.54 and a 200-day moving average of $350.47. The stock has a market cap of $51.19 billion, a PE ratio of 11.27, a price-to-earnings-growth ratio of 0.51 and a beta of 1.10. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.55 by $0.27. The firm had revenue of $13.80 billion for the quarter, compared to analysts’ expectations of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $8.25 EPS. On average, sell-side analysts predict that Charter Communications, Inc. will post 34.62 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Barclays lifted their price target on shares of Charter Communications from $300.00 to $315.00 and gave the stock an “underweight” rating in a research note on Monday, November 4th. KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price on the stock in a research note on Thursday, December 12th. JPMorgan Chase & Co. raised their price target on shares of Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Benchmark upped their price objective on Charter Communications from $440.00 to $450.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, Wolfe Research downgraded Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 target price for the company. in a research report on Monday, September 30th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Charter Communications has a consensus rating of “Hold” and a consensus price target of $383.89.

Charter Communications Profile

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.