Nykredit A S Invests $3.77 Million in Charter Communications, Inc. $CHTR

Nykredit A S bought a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 26,482 shares of the company’s stock, valued at approximately $3,766,000.

Several other institutional investors and hedge funds have also bought and sold shares of CHTR. Dodge & Cox grew its holdings in Charter Communications by 23.7% in the fourth quarter. Dodge & Cox now owns 14,609,220 shares of the company’s stock worth $3,049,675,000 after purchasing an additional 2,801,671 shares during the period. State Street Corp raised its holdings in shares of Charter Communications by 22.7% during the third quarter. State Street Corp now owns 7,961,695 shares of the company’s stock valued at $2,190,302,000 after purchasing an additional 1,475,383 shares during the period. Capital Research Global Investors boosted its position in shares of Charter Communications by 304.9% during the 4th quarter. Capital Research Global Investors now owns 4,815,422 shares of the company’s stock worth $1,005,222,000 after purchasing an additional 3,626,135 shares in the last quarter. First Eagle Investment Management LLC boosted its position in shares of Charter Communications by 119.6% during the 4th quarter. First Eagle Investment Management LLC now owns 2,969,507 shares of the company’s stock worth $619,885,000 after purchasing an additional 1,617,148 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Charter Communications by 15.4% in the 4th quarter. Invesco Ltd. now owns 2,777,898 shares of the company’s stock valued at $579,886,000 after buying an additional 370,167 shares during the period. 81.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CHTR has been the subject of a number of research analyst reports. BNP Paribas Exane dropped their price target on Charter Communications from $150.00 to $120.00 and set an “underperform” rating on the stock in a research note on Tuesday, July 14th. Barclays reduced their price objective on Charter Communications from $130.00 to $115.00 and set an “underweight” rating for the company in a research note on Monday, July 27th. Royal Bank Of Canada decreased their price objective on Charter Communications from $160.00 to $150.00 and set a “sector perform” rating for the company in a report on Monday, July 27th. JPMorgan Chase & Co. lowered their target price on Charter Communications from $200.00 to $150.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 29th. Finally, UBS Group cut their target price on Charter Communications from $235.00 to $140.00 and set a “neutral” rating on the stock in a report on Monday, July 27th. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, Charter Communications has an average rating of “Hold” and an average target price of $226.88.

Charter Communications Stock Performance

CHTR opened at $151.99 on Monday. Charter Communications, Inc. has a fifty-two week low of $111.55 and a fifty-two week high of $285.82. The firm has a market capitalization of $18.13 billion, a PE ratio of 3.95, a P/E/G ratio of 0.32 and a beta of 0.69. The company has a debt-to-equity ratio of 4.32, a current ratio of 0.36 and a quick ratio of 0.36. The company’s 50-day moving average is $143.34 and its 200 day moving average is $171.30.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, July 24th. The company reported $10.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.98 by $0.68. The business had revenue of $13.53 billion during the quarter, compared to the consensus estimate of $13.51 billion. Charter Communications had a return on equity of 23.71% and a net margin of 9.05%.The company’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $9.18 EPS. As a group, research analysts predict that Charter Communications, Inc. will post 42.72 earnings per share for the current fiscal year.

Charter Communications Company Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.