Charter Communications, Inc. (NASDAQ:CHTR) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,487 shares of the company’s stock after acquiring an additional 656 shares during the quarter. Handelsbanken Fonder AB’s holdings in Charter Communications were worth $6,337,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Franklin Resources Inc. lifted its holdings 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 last quarter. Geode Capital Management LLC lifted its holdings in shares of Charter Communications by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company’s stock valued at $785,744,000 after purchasing an additional 13,430 shares during the last quarter. FMR LLC raised its stake in 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 last quarter. Charles Schwab Investment Management Inc. raised its stake in Charter Communications by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company’s stock valued at $267,267,000 after acquiring an additional 7,008 shares during the last quarter. Finally, Cryder Capital Partners LLP increased its position in Charter Communications by 8.0% during the 3rd quarter. Cryder Capital Partners LLP now owns 533,036 shares of the company’s stock worth $172,746,000 after purchasing an additional 39,334 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft upped their price target on Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a report on Monday, November 4th. 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 report on Thursday, December 12th. Barclays raised their price target on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. raised their price objective on Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Finally, Wells Fargo & Company raised their price objective on Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Charter Communications has an average rating of “Hold” and a consensus target price of $384.42.

Charter Communications Trading Down 0.5 %

Shares of CHTR opened at $361.04 on Friday. The stock’s 50-day moving average is $352.53 and its two-hundred day moving average is $353.62. The stock has a market cap of $51.34 billion, a PE ratio of 10.33, a P/E/G ratio of 0.44 and a beta of 1.11. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31.

Charter Communications (NASDAQ:CHTR) last announced its 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 business earned $7.07 EPS. Equities analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal 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.