KLP Kapitalforvaltning AS Invests $10.91 Million in Charter Communications, Inc. (NASDAQ:CHTR)

KLP Kapitalforvaltning AS acquired a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,824 shares of the company’s stock, valued at approximately $10,908,000.

Other hedge funds have also bought and sold shares of the company. Avior Wealth Management LLC grew its holdings in Charter Communications by 104.7% during the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after acquiring an additional 45 shares during the period. Sierra Ocean LLC bought a new stake in shares of Charter Communications in the 4th quarter valued at $32,000. Generali Asset Management SPA SGR acquired a new position in shares of Charter Communications during the 4th quarter valued at $36,000. Wingate Wealth Advisors Inc. bought a new position in Charter Communications during the fourth quarter worth $45,000. Finally, Union Bancaire Privee UBP SA acquired a new stake in Charter Communications in the fourth quarter worth $55,000. Institutional investors own 81.76% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. StockNews.com upgraded shares of Charter Communications from a “hold” rating to a “buy” rating in a report on Tuesday, March 18th. KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target on the stock in a report on Thursday, December 12th. Citigroup initiated coverage on Charter Communications in a report on Friday, March 14th. They set a “buy” rating and a $425.00 price objective for the company. BNP Paribas upgraded Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price on the stock in a report on Tuesday, November 26th. Finally, Barclays boosted their price target on shares of Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research note on Monday, February 3rd. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Charter Communications has a consensus rating of “Hold” and a consensus target price of $389.39.

Charter Communications Trading Up 1.0 %

NASDAQ:CHTR opened at $367.50 on Tuesday. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27. The firm has a 50-day moving average price of $357.33 and a two-hundred day moving average price of $355.42. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market cap of $52.26 billion, a price-to-earnings ratio of 10.51, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, February 7th. The company reported $10.10 EPS for the quarter, beating 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 in the prior year, the business earned $7.07 earnings per share. On average, equities analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Charter Communications Company 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.