Allianz Asset Management GmbH Has $120.79 Million Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Allianz Asset Management GmbH raised its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 352,378 shares of the company’s stock after buying an additional 10,247 shares during the period. Allianz Asset Management GmbH’s holdings in Charter Communications were worth $120,785,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Reston Wealth Management LLC acquired a new position in shares of Charter Communications during the third quarter worth $26,000. Ashton Thomas Securities LLC acquired a new position in shares of Charter Communications during the third quarter worth $28,000. Avior Wealth Management LLC lifted its holdings in shares of Charter Communications by 104.7% during 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 period. Sierra Ocean LLC acquired a new position in shares of Charter Communications during the fourth quarter worth $32,000. Finally, Wingate Wealth Advisors Inc. acquired a new position in shares of Charter Communications during the fourth quarter worth $45,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on CHTR shares. BNP Paribas upgraded shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price target on the stock in a report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Wells Fargo & Company lifted their target price on shares of Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. lifted their target price 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. Finally, KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price for the company in a research note on Thursday, December 12th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $384.42.

Charter Communications Trading Up 0.4 %

CHTR opened at $363.01 on Friday. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27. 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 company has a market cap of $51.62 billion, a P/E ratio of 10.38, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11. The company has a fifty day moving average price of $352.91 and a two-hundred day moving average price of $353.66.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the company earned $7.07 earnings per share. 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.