Charter Communications, Inc. (NASDAQ:CHTR) Shares Purchased by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. boosted its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 3.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 66,956 shares of the company’s stock after acquiring an additional 2,027 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Charter Communications were worth $22,951,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CHTR. Atria Investments Inc lifted its position in Charter Communications by 46.3% during the 3rd quarter. Atria Investments Inc now owns 1,121 shares of the company’s stock worth $363,000 after acquiring an additional 355 shares during the period. Thrivent Financial for Lutherans lifted its position in Charter Communications by 146.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 9,734 shares of the company’s stock worth $3,154,000 after acquiring an additional 5,782 shares during the period. Quest Partners LLC acquired a new stake in Charter Communications during the 3rd quarter worth about $616,000. Pathstone Holdings LLC lifted its position in Charter Communications by 5.0% during the 3rd quarter. Pathstone Holdings LLC now owns 9,277 shares of the company’s stock worth $3,006,000 after acquiring an additional 440 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Charter Communications during the 3rd quarter worth about $1,297,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Price Performance

NASDAQ:CHTR opened at $363.81 on Friday. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27. The stock has a 50 day moving average of $356.74 and a two-hundred day moving average of $354.94. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The firm has a market cap of $51.73 billion, a P/E ratio of 10.41, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, February 7th. The company reported $10.10 EPS for the quarter, topping the consensus estimate 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 last year, the company posted $7.07 earnings per share. On average, analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CHTR has been the subject of several analyst reports. StockNews.com raised Charter Communications from a “hold” rating to a “buy” rating in a report on Tuesday. KeyCorp raised Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective for the company in a report on Thursday, December 12th. Citigroup initiated coverage on Charter Communications in a report on Friday, March 14th. They issued a “buy” rating and a $425.00 price objective for the company. Royal Bank of Canada boosted their price objective on Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. Finally, Barclays boosted their price objective on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $389.39.

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.