Assenagon Asset Management S.A. Buys 1,770 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Assenagon Asset Management S.A. boosted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 0.7% during the fourth quarter, Holdings Channel reports. The firm owned 251,526 shares of the company’s stock after purchasing an additional 1,770 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Charter Communications were worth $86,216,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CHTR. US Bancorp DE lifted its holdings in shares of Charter Communications by 0.4% during the 3rd quarter. US Bancorp DE now owns 7,370 shares of the company’s stock valued at $2,388,000 after buying an additional 31 shares during the period. B. Riley Wealth Advisors Inc. lifted its holdings in Charter Communications by 3.1% in the second quarter. B. Riley Wealth Advisors Inc. now owns 1,051 shares of the company’s stock valued at $314,000 after acquiring an additional 32 shares during the period. Grove Bank & Trust lifted its holdings in Charter Communications by 39.1% in the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after acquiring an additional 34 shares during the period. CVA Family Office LLC boosted its position in Charter Communications by 31.3% in the third quarter. CVA Family Office LLC now owns 147 shares of the company’s stock worth $48,000 after purchasing an additional 35 shares during the last quarter. Finally, Capital Advisors Ltd. LLC grew its stake in shares of Charter Communications by 28.7% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock valued at $51,000 after purchasing an additional 35 shares during the period. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Trading Up 0.5 %

Shares of CHTR stock opened at $348.00 on Thursday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24. The stock has a market capitalization of $49.48 billion, a price-to-earnings ratio of 10.90, a price-to-earnings-growth ratio of 0.60 and a beta of 1.10. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27. The stock’s 50-day moving average price is $373.30 and its 200-day moving average price is $348.74.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data 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. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The business had revenue of $13.80 billion for the quarter, compared to the consensus estimate of $13.66 billion. During the same quarter in the previous year, the company posted $8.25 EPS. The company’s revenue was up 1.6% compared to the same quarter last year. Equities research analysts predict that Charter Communications, Inc. will post 32.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CHTR has been the topic of a number of research reports. KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective on the stock in a report on Thursday, December 12th. Benchmark upped their price objective on Charter Communications from $440.00 to $450.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. lifted their target price on Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Bank of America upgraded Charter Communications from a “neutral” rating to a “buy” rating and upped their price target for the stock from $385.00 to $450.00 in a research report on Monday, November 4th. Finally, Royal Bank of Canada cut their price objective on Charter Communications from $390.00 to $380.00 and set a “sector perform” rating for the company in a research note on Wednesday. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $383.89.

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.