E. Ohman J or Asset Management AB Has $1.56 Million Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

E. Ohman J or Asset Management AB boosted its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 18.8% in the fourth quarter, HoldingsChannel reports. The fund owned 4,540 shares of the company’s stock after buying an additional 720 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Charter Communications were worth $1,556,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CHTR. Lind Value II ApS purchased a new stake in shares of Charter Communications in the fourth quarter worth approximately $9,743,000. Oddo BHF Asset Management Sas acquired a new position in shares of Charter Communications during the 3rd quarter valued at about $1,345,000. Worldquant Millennium Advisors LLC grew its holdings in Charter Communications by 193.8% during the third quarter. Worldquant Millennium Advisors LLC now owns 40,092 shares of the company’s stock valued at $12,993,000 after purchasing an additional 26,446 shares during the last quarter. Caprock Group LLC grew its stake in Charter Communications by 39.7% in the 4th quarter. Caprock Group LLC now owns 3,517 shares of the company’s stock valued at $1,206,000 after buying an additional 999 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Charter Communications by 4.9% in the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after purchasing an additional 148,003 shares during the period. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Pivotal Research boosted their target price on shares of Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised their target price on Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. 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 research note on Thursday, December 12th. Wells Fargo & Company raised their target price on 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, Royal Bank of Canada boosted their price objective on shares of Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research report on Monday. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $384.42.

Charter Communications Price Performance

Shares of CHTR opened at $340.26 on Wednesday. The stock has a 50 day simple moving average of $362.42 and a 200 day simple moving average of $353.26. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.34 and a current ratio of 0.31. The firm has a market capitalization of $48.38 billion, a PE ratio of 9.73, a P/E/G ratio of 0.46 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, beating the consensus estimate of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same period in the previous year, the firm earned $7.07 earnings per share. Sell-side analysts predict that Charter Communications, Inc. will post 36.73 EPS 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.