E. Ohman J or Asset Management AB Decreases Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

E. Ohman J or Asset Management AB trimmed its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 9.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,110 shares of the company’s stock after selling 430 shares during the period. E. Ohman J or Asset Management AB’s holdings in Charter Communications were worth $1,515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. ST Germain D J Co. Inc. raised its holdings in shares of Charter Communications by 1,283.3% during the 1st quarter. ST Germain D J Co. Inc. now owns 83 shares of the company’s stock worth $31,000 after acquiring an additional 77 shares in the last quarter. Sierra Ocean LLC bought a new position in shares of Charter Communications during the 4th quarter valued at approximately $32,000. Generali Asset Management SPA SGR bought a new position in shares of Charter Communications during the 4th quarter valued at approximately $36,000. Brown Brothers Harriman & Co. increased its position in shares of Charter Communications by 37.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company’s stock valued at $36,000 after purchasing an additional 29 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new position in shares of Charter Communications during the 4th quarter valued at approximately $45,000. 81.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Raymond James raised Charter Communications from an “underperform” rating to a “market perform” rating in a research report on Monday, May 19th. Oppenheimer raised Charter Communications from a “market perform” rating to an “outperform” rating and set a $500.00 target price on the stock in a research report on Friday, May 16th. Wall Street Zen raised Charter Communications from a “hold” rating to a “buy” rating in a research report on Thursday, May 1st. Loop Capital raised Charter Communications from a “hold” rating to a “buy” rating and boosted their target price for the company from $430.00 to $510.00 in a research report on Monday, May 19th. Finally, Citigroup boosted their target price on Charter Communications from $425.00 to $445.00 and gave the company a “buy” rating in a research report on Monday, April 28th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $409.42.

Charter Communications Price Performance

Shares of CHTR stock opened at $396.45 on Friday. Charter Communications, Inc. has a twelve month low of $272.49 and a twelve month high of $437.06. The stock has a market capitalization of $55.65 billion, a price-to-earnings ratio of 11.34, a P/E/G ratio of 0.44 and a beta of 1.11. The stock has a fifty day simple moving average of $377.48 and a two-hundred day simple moving average of $368.05. 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 (NASDAQ:CHTR) last issued its earnings results on Friday, April 25th. The company reported $8.42 earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $13.67 billion. During the same quarter in the prior year, the company posted $7.55 earnings per share. Charter Communications’s quarterly revenue was up .4% compared to the same quarter last year. On average, analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

About Charter Communications

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.