Charter Communications, Inc. (NASDAQ:CHTR) Shares Purchased by DnB Asset Management AS

DnB Asset Management AS raised its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,369 shares of the company’s stock after acquiring an additional 644 shares during the quarter. DnB Asset Management AS’s holdings in Charter Communications were worth $5,954,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Franklin Resources Inc. lifted its stake in shares of Charter Communications by 4.9% in the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock valued at $1,052,868,000 after purchasing an additional 148,003 shares during the period. Norges Bank acquired a new position in shares of Charter Communications in the fourth quarter worth about $1,032,236,000. Geode Capital Management LLC boosted its stake in shares of Charter Communications by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company’s stock worth $785,744,000 after acquiring an additional 13,430 shares in the last quarter. FMR LLC grew its position in shares of Charter Communications by 27.7% during the 3rd quarter. FMR LLC now owns 1,064,948 shares of the company’s stock valued at $345,128,000 after acquiring an additional 230,817 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Charter Communications by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 847,921 shares of the company’s stock valued at $290,642,000 after purchasing an additional 23,225 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on CHTR shares. StockNews.com lowered Charter Communications from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th. KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target for the company in a report on Thursday, December 12th. Benchmark reaffirmed a “buy” rating and set a $450.00 price objective on shares of Charter Communications in a report on Friday, January 31st. Barclays boosted their target price on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd. Finally, Citigroup began coverage on Charter Communications in a report on Friday, March 14th. They issued a “buy” rating and a $425.00 price objective on the stock. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $393.18.

Charter Communications Stock Down 3.4 %

Shares of CHTR opened at $369.02 on Monday. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The stock has a fifty day simple moving average of $359.70 and a two-hundred day simple moving average of $356.88. The company has a market capitalization of $52.47 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, February 7th. The company reported $10.10 EPS 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 in the prior year, the firm earned $7.07 EPS. As a group, equities analysts forecast 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.