Avanza Fonder AB Has $2.90 Million Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Avanza Fonder AB trimmed its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 4.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,632 shares of the company’s stock after selling 323 shares during the quarter. Avanza Fonder AB’s holdings in Charter Communications were worth $2,895,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Walker Asset Management LLC acquired a new position in shares of Charter Communications in the 1st quarter valued at about $207,000. GAMMA Investing LLC lifted its stake in shares of Charter Communications by 17.8% in the 1st quarter. GAMMA Investing LLC now owns 2,328 shares of the company’s stock valued at $858,000 after purchasing an additional 351 shares during the period. Tounjian Advisory Partners LLC acquired a new position in shares of Charter Communications in the 1st quarter valued at about $858,000. Farther Finance Advisors LLC lifted its stake in shares of Charter Communications by 61.7% in the 1st quarter. Farther Finance Advisors LLC now owns 498 shares of the company’s stock valued at $185,000 after purchasing an additional 190 shares during the period. Finally, UMB Bank n.a. lifted its stake in shares of Charter Communications by 9.4% in the 1st quarter. UMB Bank n.a. now owns 1,144 shares of the company’s stock valued at $422,000 after purchasing an additional 98 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on CHTR shares. Wells Fargo & Company increased their price target on Charter Communications from $380.00 to $400.00 and gave the stock an “equal weight” rating in a report on Monday, April 28th. Loop Capital upgraded Charter Communications from a “hold” rating to a “buy” rating and increased their price target for the stock from $430.00 to $510.00 in a report on Monday, May 19th. Royal Bank of Canada increased their price target on Charter Communications from $385.00 to $395.00 and gave the stock a “sector perform” rating in a report on Monday, April 28th. Oppenheimer upgraded Charter Communications from a “market perform” rating to an “outperform” rating and set a $500.00 price target on the stock in a report on Friday, May 16th. Finally, Wall Street Zen upgraded Charter Communications from a “hold” rating to a “buy” rating in a report on Thursday, May 1st. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $409.42.

Charter Communications Stock Performance

Shares of Charter Communications stock opened at $406.77 on Wednesday. The business’s fifty day simple moving average is $378.55 and its 200 day simple moving average is $368.11. The firm has a market capitalization of $57.10 billion, a P/E ratio of 11.64, a price-to-earnings-growth ratio of 0.44 and a beta of 1.07. Charter Communications, Inc. has a 12 month low of $272.49 and a 12 month high of $437.06. 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 quarterly earnings results on Friday, April 25th. The company reported $8.42 EPS for the quarter, missing analysts’ consensus estimates of $8.70 by ($0.28). The business had revenue of $13.74 billion for the quarter, compared to the consensus estimate of $13.67 billion. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. The business’s revenue was up .4% compared to the same quarter last year. During the same quarter last year, the business posted $7.55 earnings per share. As a group, analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current 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.