Swedbank AB Raises Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Swedbank AB grew its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 8.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,367 shares of the company’s stock after buying an additional 3,298 shares during the quarter. Swedbank AB’s holdings in Charter Communications were worth $13,406,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Pzena Investment Management LLC increased its stake in Charter Communications by 6.1% during the second quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company’s stock worth $903,932,000 after acquiring an additional 175,130 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Charter Communications by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company’s stock worth $267,267,000 after purchasing an additional 7,008 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Charter Communications by 10.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 712,550 shares of the company’s stock valued at $212,998,000 after purchasing an additional 69,959 shares during the last quarter. First Pacific Advisors LP raised its holdings in Charter Communications by 2.0% during the 2nd quarter. First Pacific Advisors LP now owns 612,604 shares of the company’s stock valued at $183,144,000 after buying an additional 12,218 shares during the period. Finally, Cryder Capital Partners LLP lifted its position in Charter Communications by 8.0% in the third quarter. Cryder Capital Partners LLP now owns 533,036 shares of the company’s stock worth $172,746,000 after buying an additional 39,334 shares during the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Trading Up 1.5 %

NASDAQ:CHTR opened at $390.29 on Wednesday. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34. The firm has a 50-day simple moving average of $349.95 and a 200-day simple moving average of $327.49. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27. The firm has a market cap of $55.50 billion, a P/E ratio of 12.22, a P/E/G ratio of 0.62 and a beta of 1.03.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, November 1st. The company reported $8.82 EPS 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 company had revenue of $13.80 billion during the quarter, compared to the consensus estimate of $13.66 billion. During the same quarter in the previous year, the firm posted $8.25 earnings per share. Charter Communications’s revenue for the quarter was up 1.6% compared to the same quarter last year. Equities analysts anticipate that Charter Communications, Inc. will post 32.87 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Citigroup upgraded shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price objective on the stock in a research report on Wednesday, September 11th. JPMorgan Chase & Co. upped their price target on shares of Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Barclays raised their price objective on shares of Charter Communications from $300.00 to $315.00 and gave the stock an “underweight” rating in a research note on Monday, November 4th. Royal Bank of Canada upped their target price on Charter Communications from $345.00 to $390.00 and gave the company a “sector perform” rating in a research note on Monday, November 4th. Finally, Pivotal Research raised their price target on Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $378.00.

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.