Swedbank AB Has $14.38 Million Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Swedbank AB raised its position in Charter Communications, Inc. (NASDAQ:CHTR) by 1.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 41,960 shares of the company’s stock after purchasing an additional 593 shares during the period. Swedbank AB’s holdings in Charter Communications were worth $14,383,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Reston Wealth Management LLC bought a new stake in Charter Communications in the 3rd quarter valued at approximately $26,000. Ashton Thomas Securities LLC acquired a new stake in shares of Charter Communications in the third quarter valued at approximately $28,000. Avior Wealth Management LLC lifted its position in shares of Charter Communications by 104.7% in the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after purchasing an additional 45 shares in the last quarter. Grove Bank & Trust boosted its holdings in Charter Communications by 39.1% during the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after purchasing an additional 34 shares during the last quarter. Finally, CVA Family Office LLC increased its stake in Charter Communications by 31.3% in the 3rd quarter. CVA Family Office LLC now owns 147 shares of the company’s stock valued at $48,000 after buying an additional 35 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CHTR has been the subject of several analyst reports. Barclays raised their price objective on Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a report on Monday, November 4th. KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target for the company in a research note on Thursday, December 12th. BNP Paribas raised Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective for the company in a report on Tuesday, November 26th. Bank of America upgraded shares of Charter Communications from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $385.00 to $450.00 in a report on Monday, November 4th. Finally, Pivotal Research lifted their price objective on shares of Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $383.89.

Charter Communications Trading Up 2.6 %

Shares of NASDAQ:CHTR opened at $345.49 on Friday. The company has a market capitalization of $49.13 billion, a P/E ratio of 10.82, a P/E/G ratio of 0.47 and a beta of 1.10. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34. The business’s 50 day simple moving average is $364.14 and its 200 day simple moving average is $352.64. 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 quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping the consensus estimate of $9.14 by $0.96. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. During the same quarter in the previous year, the business earned $7.07 earnings per share. On average, research analysts anticipate that Charter Communications, Inc. will post 34.62 EPS for the current fiscal 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.