Livforsakringsbolaget Skandia Omsesidigt Boosts Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 41.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 217 shares of the company’s stock after acquiring an additional 64 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Charter Communications were worth $84,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Pzena Investment Management LLC increased its stake in shares of Charter Communications by 21.0% in the third quarter. Pzena Investment Management LLC now owns 1,459,148 shares of the company’s stock worth $641,762,000 after buying an additional 253,324 shares during the period. Morgan Stanley increased its position in Charter Communications by 15.8% during the 3rd quarter. Morgan Stanley now owns 1,186,738 shares of the company’s stock valued at $521,952,000 after purchasing an additional 161,830 shares during the period. Parnassus Investments LLC purchased a new position in Charter Communications during the 3rd quarter valued at $508,684,000. Wellington Management Group LLP increased its position in Charter Communications by 8.0% during the 1st quarter. Wellington Management Group LLP now owns 1,132,651 shares of the company’s stock valued at $617,882,000 after purchasing an additional 84,302 shares during the period. Finally, Northern Trust Corp grew its position in shares of Charter Communications by 2.2% in the 3rd quarter. Northern Trust Corp now owns 1,048,544 shares of the company’s stock worth $461,171,000 after buying an additional 22,494 shares during the period. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Price Performance

CHTR opened at $265.21 on Friday. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market capitalization of $38.52 billion, a P/E ratio of 8.83, a P/E/G ratio of 0.44 and a beta of 0.96. The company’s 50-day simple moving average is $284.26 and its two-hundred day simple moving average is $354.11. Charter Communications, Inc. has a 52-week low of $254.31 and a 52-week high of $458.30.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, February 2nd. The company reported $7.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.76 by ($1.69). Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. The company had revenue of $13.71 billion for the quarter, compared to the consensus estimate of $13.70 billion. During the same quarter in the prior year, the company posted $7.69 EPS. Charter Communications’s revenue was up .3% on a year-over-year basis. As a group, analysts predict that Charter Communications, Inc. will post 32.38 EPS for the current year.

Wall Street Analysts Forecast Growth

CHTR has been the topic of a number of recent research reports. Pivotal Research reduced their target price on shares of Charter Communications from $500.00 to $450.00 and set a “buy” rating on the stock in a research report on Monday, February 5th. Bank of America reduced their target price on shares of Charter Communications from $350.00 to $315.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 9th. Barclays reduced their target price on shares of Charter Communications from $280.00 to $250.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 2nd. Rosenblatt Securities reduced their target price on shares of Charter Communications from $334.00 to $297.00 and set a “neutral” rating on the stock in a research report on Monday, April 15th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Charter Communications from $370.00 to $335.00 and set a “neutral” rating on the stock in a research report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Charter Communications presently has an average rating of “Hold” and an average target price of $380.80.

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.