Swedbank AB Purchases 3,298 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Swedbank AB raised its position in Charter Communications, Inc. (NASDAQ:CHTR) by 8.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 41,367 shares of the company’s stock after acquiring an additional 3,298 shares during the quarter. Swedbank AB’s holdings in Charter Communications were worth $13,406,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Reston Wealth Management LLC acquired a new stake in shares of Charter Communications in the 3rd quarter worth $26,000. Ashton Thomas Securities LLC purchased a new stake in shares of Charter Communications during the third quarter worth about $28,000. CVA Family Office LLC grew its stake in shares of Charter Communications by 5,500.0% during the second quarter. CVA Family Office LLC now owns 112 shares of the company’s stock worth $33,000 after acquiring an additional 110 shares during the last quarter. New Covenant Trust Company N.A. acquired a new position in shares of Charter Communications during the first quarter valued at about $34,000. Finally, Grove Bank & Trust raised its position in shares of Charter Communications by 39.1% in the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after purchasing an additional 34 shares during the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on CHTR shares. Royal Bank of Canada upped their price target on shares of Charter Communications from $345.00 to $390.00 and gave the company a “sector perform” rating in a research note on Monday, November 4th. Wolfe Research downgraded Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 target price on the stock. in a research report on Monday, September 30th. Pivotal Research lifted their price target on Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. BNP Paribas raised Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective on the stock in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $378.00.

Charter Communications Trading Up 1.5 %

CHTR stock opened at $390.29 on Wednesday. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. The firm has a market cap of $55.50 billion, a P/E ratio of 12.22, a PEG ratio of 0.62 and a beta of 1.03. The company’s 50-day simple moving average is $349.95 and its 200-day simple moving average is $327.49.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, topping analysts’ consensus estimates of $8.55 by $0.27. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The company had revenue of $13.80 billion during the quarter, compared to analysts’ expectations of $13.66 billion. During the same quarter in the prior year, the firm posted $8.25 EPS. Charter Communications’s quarterly revenue was up 1.6% compared to the same quarter last year. As a group, equities analysts forecast that Charter Communications, Inc. will post 32.87 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.