Allspring Global Investments Holdings LLC Acquires 161 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Allspring Global Investments Holdings LLC boosted its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,855 shares of the company’s stock after purchasing an additional 161 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Charter Communications were worth $1,696,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in 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 purchasing 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. grew its holdings in Charter Communications by 4.9% during the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock valued at $1,052,868,000 after buying an additional 148,003 shares in the last quarter. Empirical Asset Management LLC purchased a new position in Charter Communications during the 4th quarter valued at approximately $21,338,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Charter Communications in the 3rd quarter worth approximately $17,788,000. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Stock Performance

CHTR stock opened at $361.04 on Friday. The firm has a market cap of $51.34 billion, a price-to-earnings ratio of 10.33, a PEG ratio of 0.44 and a beta of 1.11. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The business’s fifty day simple moving average is $352.53 and its two-hundred day simple moving average is $353.62.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results 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 net margin of 9.23% and a return on equity of 29.01%. During the same period in the prior year, the firm posted $7.07 EPS. Analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft increased their target price on Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a research report 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 company from $385.00 to $450.00 in a research report on Monday, November 4th. Pivotal Research boosted their target price on shares of Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Barclays upped their target price on shares of Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company lifted their price target on Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $384.42.

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.