Charter Communications, Inc. (NASDAQ:CHTR) Shares Purchased by Deseret Mutual Benefit Administrators

Deseret Mutual Benefit Administrators grew its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 5.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,284 shares of the company’s stock after purchasing an additional 65 shares during the quarter. Deseret Mutual Benefit Administrators’ holdings in Charter Communications were worth $440,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Creative Planning lifted its position in Charter Communications by 1.5% in the third quarter. Creative Planning now owns 10,981 shares of the company’s stock valued at $3,559,000 after acquiring an additional 161 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Charter Communications by 14.3% during the third quarter. Sequoia Financial Advisors LLC now owns 2,618 shares of the company’s stock worth $848,000 after purchasing an additional 327 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Charter Communications by 10.6% in the 3rd quarter. Signaturefd LLC now owns 1,232 shares of the company’s stock valued at $399,000 after purchasing an additional 118 shares during the last quarter. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Charter Communications in the 3rd quarter valued at about $235,000. Finally, Greenleaf Trust grew its stake in Charter Communications by 6.2% during the 3rd quarter. Greenleaf Trust now owns 2,126 shares of the company’s stock worth $689,000 after buying an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CHTR shares. JPMorgan Chase & Co. boosted their price objective on Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Morgan Stanley upped their price target on shares of Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Pivotal Research raised their price objective 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. KeyCorp upgraded 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. Finally, Barclays increased their target price on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $384.42.

Charter Communications Price Performance

Charter Communications stock opened at $361.04 on Friday. The company has a market cap of $51.34 billion, a P/E ratio of 10.33, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27. The business has a fifty day moving average of $352.53 and a two-hundred day moving average of $353.65. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, February 7th. The company reported $10.10 EPS 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 business earned $7.07 earnings per share. As a group, analysts predict 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.