Securian Asset Management Inc. Reduces Position in Charter Communications, Inc. (NASDAQ:CHTR)

Securian Asset Management Inc. decreased its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 3.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,103 shares of the company’s stock after selling 200 shares during the quarter. Securian Asset Management Inc.’s holdings in Charter Communications were worth $1,749,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Ashton Thomas Securities LLC bought a new position in Charter Communications in the 3rd quarter worth $28,000. Avior Wealth Management LLC raised its stake in Charter Communications by 104.7% during the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after purchasing an additional 45 shares during the period. Sierra Ocean LLC bought a new stake in Charter Communications during the 4th quarter valued at approximately $32,000. Wingate Wealth Advisors Inc. purchased a new position in Charter Communications in the 4th quarter worth approximately $45,000. Finally, Union Bancaire Privee UBP SA bought a new position in Charter Communications in the 4th quarter worth approximately $55,000. Institutional investors own 81.76% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on CHTR shares. Royal Bank of Canada lifted their price objective on shares of Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a research report on Monday, February 3rd. Benchmark reiterated a “buy” rating and issued a $450.00 price target on shares of Charter Communications in a report on Friday, January 31st. Barclays increased their price objective on shares of Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. BNP Paribas upgraded Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective for the company in a research report on Tuesday, November 26th. Finally, KeyCorp raised 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. Four research 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. Based on data from MarketBeat, Charter Communications presently has a consensus rating of “Hold” and an average price target of $384.42.

Charter Communications Stock Performance

Charter Communications stock opened at $345.40 on Friday. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market capitalization of $49.11 billion, a P/E ratio of 9.88, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27. The company’s 50-day moving average is $355.73 and its 200 day moving average is $354.79.

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

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.