Forsta AP Fonden Acquires 500 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Forsta AP Fonden grew its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 2.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 18,300 shares of the company’s stock after purchasing an additional 500 shares during the quarter. Forsta AP Fonden’s holdings in Charter Communications were worth $6,273,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of CHTR. Reston Wealth Management LLC bought a new stake in Charter Communications in the 3rd quarter valued at $26,000. Ashton Thomas Securities LLC purchased a new position in shares of Charter Communications during the third quarter valued at about $28,000. Avior Wealth Management LLC increased its holdings in shares of Charter Communications by 104.7% in the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after purchasing an additional 45 shares during the last quarter. Grove Bank & Trust lifted its position in shares of Charter Communications by 39.1% in the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after buying an additional 34 shares in the last quarter. Finally, CVA Family Office LLC boosted its stake in Charter Communications by 31.3% during the third quarter. CVA Family Office LLC now owns 147 shares of the company’s stock valued at $48,000 after buying an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Price Performance

Shares of CHTR stock opened at $345.49 on Friday. The company’s 50-day simple moving average is $364.14 and its two-hundred day simple moving average is $352.64. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27. The company has a market capitalization of $49.13 billion, a P/E ratio of 10.82, a P/E/G ratio of 0.47 and a beta of 1.10.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data 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 return on equity of 28.73% and a net margin of 8.52%. During the same quarter in the prior year, the company posted $7.07 EPS. As a group, equities analysts anticipate that Charter Communications, Inc. will post 34.62 EPS for the current year.

Analysts Set New Price Targets

CHTR has been the topic of several recent research reports. Royal Bank of Canada decreased their price objective on Charter Communications from $390.00 to $380.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. lifted their price objective on shares of Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Morgan Stanley upped their target price on shares of Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Finally, Benchmark reiterated a “buy” rating and issued a $450.00 price target on shares of Charter Communications in a research report on Friday. Four analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $383.89.

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.