Principal Securities Inc. Boosts Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Principal Securities Inc. lifted its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 29.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 492 shares of the company’s stock after buying an additional 111 shares during the period. Principal Securities Inc.’s holdings in Charter Communications were worth $169,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CHTR. FMR LLC boosted its holdings in shares of Charter Communications by 27.7% during the 3rd quarter. FMR LLC now owns 1,064,948 shares of the company’s stock valued at $345,128,000 after acquiring an additional 230,817 shares during the last quarter. Fernbridge Capital Management LP bought a new position in Charter Communications during the third quarter valued at approximately $48,200,000. Franklin Resources Inc. boosted its holdings in Charter Communications by 4.9% in the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after purchasing an additional 148,003 shares during the last quarter. Empirical Asset Management LLC bought a new stake in Charter Communications in the 4th quarter worth approximately $21,338,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Charter Communications during the 3rd quarter valued at $17,788,000. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Price Performance

CHTR stock opened at $365.80 on Tuesday. The company has a market capitalization of $52.02 billion, a PE ratio of 10.46, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11. The company’s fifty day moving average price is $352.27 and its 200-day moving average price is $353.63. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, beating analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same quarter last year, the business earned $7.07 earnings per share. On average, equities analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. BNP Paribas upgraded Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price target on the stock in a research note on Tuesday, November 26th. Wells Fargo & Company boosted their price target on Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Bank of America upgraded shares of Charter Communications from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $385.00 to $450.00 in a research note on Monday, November 4th. KeyCorp upgraded 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 report on Thursday, December 12th. Finally, JPMorgan Chase & Co. increased their price target on shares of Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. 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 stock. According to MarketBeat.com, Charter Communications presently has a consensus rating of “Hold” and an average price target of $384.42.

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.