Mn Services Vermogensbeheer B.V. Purchases 600 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Mn Services Vermogensbeheer B.V. boosted its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,500 shares of the company’s stock after buying an additional 600 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Charter Communications were worth $12,854,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Lake Street Advisors Group LLC raised its stake in shares of Charter Communications by 7.4% during the fourth quarter. Lake Street Advisors Group LLC now owns 1,141 shares of the company’s stock valued at $391,000 after acquiring an additional 79 shares during the last quarter. Los Angeles Capital Management LLC increased its holdings in Charter Communications by 266.8% in the fourth quarter. Los Angeles Capital Management LLC now owns 68,607 shares of the company’s stock valued at $23,516,000 after purchasing an additional 49,902 shares during the period. BankPlus Trust Department bought a new position in Charter Communications during the 4th quarter worth $71,000. Colonial River Investments LLC lifted its holdings in Charter Communications by 21.0% during the 4th quarter. Colonial River Investments LLC now owns 854 shares of the company’s stock worth $293,000 after buying an additional 148 shares during the period. Finally, Union Bancaire Privee UBP SA bought a new stake in shares of Charter Communications in the 4th quarter valued at about $55,000. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Trading Up 1.6 %

Shares of Charter Communications stock opened at $359.04 on Friday. The stock has a market capitalization of $51.05 billion, a PE ratio of 10.27, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27. The stock has a 50 day moving average price of $352.05 and a two-hundred day moving average price of $353.63. 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 posted its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share (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 prior year, the company posted $7.07 earnings per share. As a group, equities analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

CHTR has been the subject of a number of analyst reports. BNP Paribas upgraded Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective for the company in a research report on Tuesday, November 26th. Wells Fargo & Company raised their price target on shares of Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Pivotal Research upped their price objective on shares of Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Benchmark reissued a “buy” rating and set a $450.00 target price on shares of Charter Communications in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. boosted their target price 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. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $384.42.

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.