Deutsche Bank AG Grows Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Deutsche Bank AG grew its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 14.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 364,465 shares of the company’s stock after purchasing an additional 47,047 shares during the quarter. Deutsche Bank AG’s holdings in Charter Communications were worth $124,928,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CHTR. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Charter Communications by 105.5% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,821 shares of the company’s stock worth $1,652,000 after acquiring an additional 2,475 shares in the last quarter. Corton Capital Inc. purchased a new stake in Charter Communications during the 4th quarter worth approximately $265,000. Crestline Management LP acquired a new position in Charter Communications during the 4th quarter valued at approximately $204,000. CastleKnight Management LP raised its holdings in shares of Charter Communications by 4.1% in the fourth quarter. CastleKnight Management LP now owns 25,380 shares of the company’s stock worth $8,700,000 after buying an additional 1,000 shares during the last quarter. Finally, Brevan Howard Capital Management LP raised its holdings in shares of Charter Communications by 15.4% in the fourth quarter. Brevan Howard Capital Management LP now owns 10,088 shares of the company’s stock worth $3,458,000 after buying an additional 1,343 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CHTR. BNP Paribas restated an “underperform” rating and issued a $290.00 target price on shares of Charter Communications in a research note on Thursday, April 10th. Royal Bank of Canada lifted their target price on Charter Communications from $385.00 to $395.00 and gave the stock a “sector perform” rating in a report on Monday, April 28th. Barclays increased their price target on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a report on Monday, February 3rd. StockNews.com upgraded shares of Charter Communications from a “hold” rating to a “buy” rating in a research note on Thursday, May 1st. Finally, Citigroup increased their price objective on shares of Charter Communications from $425.00 to $445.00 and gave the stock a “buy” rating in a research note on Monday, April 28th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $399.35.

Charter Communications Trading Down 0.7 %

Shares of Charter Communications stock opened at $401.50 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. Charter Communications, Inc. has a twelve month low of $266.06 and a twelve month high of $415.27. The firm has a market capitalization of $56.36 billion, a PE ratio of 11.48, a P/E/G ratio of 0.44 and a beta of 1.11. The firm’s 50-day moving average price is $361.46 and its 200 day moving average price is $363.16.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, April 25th. The company reported $8.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.70 by ($0.28). Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. The firm had revenue of $13.74 billion during the quarter, compared to analyst estimates of $13.67 billion. During the same period in the prior year, the firm earned $7.55 earnings per share. The business’s revenue was up .4% on a year-over-year basis. On average, sell-side analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

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.