KBC Group NV Purchases 178 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

KBC Group NV raised its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 1.4% during the third quarter, Holdings Channel reports. The fund owned 12,803 shares of the company’s stock after buying an additional 178 shares during the period. KBC Group NV’s holdings in Charter Communications were worth $4,149,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CHTR. Reston Wealth Management LLC bought a new position in shares of Charter Communications during the 3rd quarter valued at $26,000. Ashton Thomas Securities LLC bought a new position in shares of Charter Communications during the third quarter valued at about $28,000. CVA Family Office LLC lifted its stake in shares of Charter Communications by 5,500.0% in the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company’s stock valued at $33,000 after acquiring an additional 110 shares during the last quarter. New Covenant Trust Company N.A. purchased a new stake in Charter Communications during the 1st quarter valued at about $34,000. Finally, Grove Bank & Trust grew its position in Charter Communications by 39.1% during the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after acquiring an additional 34 shares during the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CHTR has been the subject of several recent research reports. Wolfe Research downgraded Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price objective for the company. in a research report on Monday, September 30th. Bank of America upgraded shares of Charter Communications from a “neutral” rating to a “buy” rating and upped their price target for the company from $385.00 to $450.00 in a report on Monday, November 4th. Raymond James lowered shares of Charter Communications from a “market perform” rating to an “underperform” rating in a report on Monday, July 29th. Wells Fargo & Company upped their price objective on shares of Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Finally, Benchmark increased their target price on shares of Charter Communications from $440.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $379.06.

Charter Communications Price Performance

Shares of CHTR stock opened at $389.57 on Monday. The business’s fifty day moving average is $342.59 and its 200 day moving average is $321.67. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. The stock has a market cap of $55.40 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 0.62 and a beta of 1.03. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $421.16.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, topping analysts’ consensus estimates of $8.55 by $0.27. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The firm had revenue of $13.80 billion for the quarter, compared to the consensus estimate of $13.66 billion. During the same period in the prior year, the firm earned $8.25 EPS. The company’s revenue was up 1.6% compared to the same quarter last year. Research analysts expect that Charter Communications, Inc. will post 32.87 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.