BI Asset Management Fondsmaeglerselskab A S Purchases 34,434 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

BI Asset Management Fondsmaeglerselskab A S grew its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 183.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,162 shares of the company's stock after acquiring an additional 34,434 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Charter Communications were worth $18,222,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brown Brothers Harriman & Co. raised its stake in Charter Communications by 37.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock valued at $36,000 after buying an additional 29 shares during the period. Chemistry Wealth Management LLC boosted its position in Charter Communications by 4.8% during the fourth quarter. Chemistry Wealth Management LLC now owns 660 shares of the company's stock worth $226,000 after purchasing an additional 30 shares during the period. Jones Financial Companies Lllp raised its position in shares of Charter Communications by 3.4% in the fourth quarter. Jones Financial Companies Lllp now owns 904 shares of the company's stock valued at $310,000 after purchasing an additional 30 shares during the period. Quadrant Capital Group LLC grew its stake in Charter Communications by 4.2% in the 4th quarter. Quadrant Capital Group LLC now owns 740 shares of the company's stock valued at $254,000 after buying an additional 30 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Charter Communications by 5.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 622 shares of the company's stock worth $213,000 after acquiring an additional 34 shares during the last quarter. 81.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Citigroup began coverage on shares of Charter Communications in a report on Friday, March 14th. They issued a "buy" rating and a $425.00 price objective for the company. StockNews.com raised Charter Communications from a "hold" rating to a "buy" rating in a report on Tuesday. BNP Paribas restated an "underperform" rating and issued a $290.00 price target on shares of Charter Communications in a research report on Thursday, April 10th. Barclays raised their target price on shares of Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a report on Monday, February 3rd. Finally, Royal Bank of Canada lifted their price objective on shares of Charter Communications from $380.00 to $385.00 and gave the company a "sector perform" rating in a research note on Monday, February 3rd. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $387.88.

Charter Communications Stock Up 10.8 %

CHTR stock traded up $36.27 during mid-day trading on Friday, reaching $371.60. 1,592,119 shares of the company traded hands, compared to its average volume of 1,254,016. 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 firm's 50 day moving average price is $355.12 and its 200 day moving average price is $358.15. The stock has a market cap of $52.75 billion, a price-to-earnings ratio of 10.61, a P/E/G ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The company reported $8.42 earnings per share (EPS) 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%. During the same period in the prior year, the company posted $7.55 EPS. As a group, equities research analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current fiscal 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.