Advisors Asset Management Inc. Purchases 996 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Advisors Asset Management Inc. boosted its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 2.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,583 shares of the company’s stock after buying an additional 996 shares during the quarter. Advisors Asset Management Inc.’s holdings in Charter Communications were worth $14,596,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the business. Franklin Resources Inc. increased its position in Charter Communications by 4.9% during the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock valued at $1,052,868,000 after purchasing an additional 148,003 shares during the period. Geode Capital Management LLC lifted its position in Charter Communications by 0.6% during the third quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company’s stock valued at $785,744,000 after purchasing an additional 13,430 shares during the period. FMR LLC boosted its position in Charter Communications by 27.7% in the 3rd quarter. FMR LLC now owns 1,064,948 shares of the company’s stock worth $345,128,000 after purchasing an additional 230,817 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Charter Communications by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 847,921 shares of the company’s stock valued at $290,642,000 after acquiring an additional 23,225 shares during the period. Finally, First Pacific Advisors LP grew its stake in Charter Communications by 0.6% in the 4th quarter. First Pacific Advisors LP now owns 614,122 shares of the company’s stock valued at $210,503,000 after acquiring an additional 3,490 shares during the period. Institutional investors own 81.76% of the company’s stock.

Charter Communications Trading Up 0.7 %

Shares of NASDAQ CHTR opened at $354.08 on Tuesday. The firm has a market capitalization of $50.35 billion, a PE ratio of 10.13, a PEG ratio of 0.44 and a beta of 1.13. 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 business has a 50-day moving average price of $355.69 and a two-hundred day moving average price of $354.73. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27.

Charter Communications (NASDAQ:CHTR) last posted its earnings results 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 net margin of 9.23% and a return on equity of 29.01%. During the same period in the prior 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.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Royal Bank of Canada increased their price target on Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. Benchmark restated a “buy” rating and issued a $450.00 price target on shares of Charter Communications in a research note on Friday, January 31st. Citigroup initiated coverage on Charter Communications in a report on Friday. They issued a “buy” rating and a $425.00 price objective on the stock. BNP Paribas raised shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective on the stock in a research report on Tuesday, November 26th. Finally, Barclays upped their price target on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd. Four analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $388.37.

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.