Handelsbanken Fonder AB Buys 212 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Handelsbanken Fonder AB lifted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 1.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,699 shares of the company’s stock after acquiring an additional 212 shares during the period. Handelsbanken Fonder AB’s holdings in Charter Communications were worth $6,891,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Walker Asset Management LLC bought a new stake in shares of Charter Communications during the first quarter worth $207,000. GAMMA Investing LLC increased its position in shares of Charter Communications by 17.8% during the first quarter. GAMMA Investing LLC now owns 2,328 shares of the company’s stock worth $858,000 after acquiring an additional 351 shares in the last quarter. Tounjian Advisory Partners LLC bought a new stake in shares of Charter Communications during the first quarter worth $858,000. Farther Finance Advisors LLC increased its position in shares of Charter Communications by 61.7% during the first quarter. Farther Finance Advisors LLC now owns 498 shares of the company’s stock worth $185,000 after acquiring an additional 190 shares in the last quarter. Finally, UMB Bank n.a. increased its position in shares of Charter Communications by 9.4% during the first quarter. UMB Bank n.a. now owns 1,144 shares of the company’s stock worth $422,000 after acquiring an additional 98 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Performance

NASDAQ CHTR opened at $396.90 on Friday. The firm has a 50-day moving average of $381.06 and a 200-day moving average of $368.41. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market cap of $55.71 billion, a PE ratio of 11.35, a P/E/G ratio of 0.44 and a beta of 1.07. Charter Communications, Inc. has a 52-week low of $272.49 and a 52-week high of $437.06.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data 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 business had revenue of $13.74 billion during the quarter, compared to analyst estimates of $13.67 billion. During the same quarter last year, the firm earned $7.55 EPS. Charter Communications’s revenue for the quarter was up .4% compared to the same quarter last year. On average, sell-side analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CHTR. Citigroup raised their target price on shares of Charter Communications from $425.00 to $445.00 and gave the company a “buy” rating in a research report on Monday, April 28th. BNP Paribas reaffirmed an “underperform” rating and issued a $290.00 target price on shares of Charter Communications in a research report on Thursday, April 10th. Wells Fargo & Company lifted their price objective on shares of Charter Communications from $380.00 to $400.00 and gave the company an “equal weight” rating in a research report on Monday, April 28th. Morgan Stanley lifted their price objective on shares of Charter Communications from $385.00 to $415.00 and gave the company an “equal weight” rating in a research report on Monday, April 28th. Finally, Oppenheimer raised shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $500.00 price objective for the company in a research report on Friday, May 16th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $409.42.

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.