DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Acquires 2,475 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 105.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,821 shares of the company's stock after purchasing an additional 2,475 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Charter Communications were worth $1,652,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Corton Capital Inc. bought a new stake in shares of Charter Communications in the 4th quarter valued at about $265,000. Crestline Management LP bought a new position in Charter Communications during the 4th quarter worth approximately $204,000. CastleKnight Management LP grew its position in Charter Communications by 4.1% during the 4th quarter. CastleKnight Management LP now owns 25,380 shares of the company's stock worth $8,700,000 after acquiring an additional 1,000 shares during the last quarter. Brevan Howard Capital Management LP grew its position in Charter Communications by 15.4% during the 4th quarter. Brevan Howard Capital Management LP now owns 10,088 shares of the company's stock worth $3,458,000 after acquiring an additional 1,343 shares during the last quarter. Finally, Captrust Financial Advisors grew its position in Charter Communications by 40.2% during the 4th quarter. Captrust Financial Advisors now owns 1,739 shares of the company's stock worth $596,000 after acquiring an additional 499 shares during the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Stock Up 0.7%

Shares of Charter Communications stock traded up $2.73 during midday trading on Wednesday, hitting $413.86. The company had a trading volume of 1,078,759 shares, compared to its average volume of 1,245,907. 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 capitalization of $58.09 billion, a P/E ratio of 11.84, a P/E/G ratio of 0.44 and a beta of 1.11. The company has a 50 day moving average of $362.51 and a 200 day moving average of $364.17. Charter Communications, Inc. has a 52-week low of $266.06 and a 52-week high of $415.27.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its quarterly earnings results 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). The company had revenue of $13.74 billion during the quarter, compared to analysts' expectations of $13.67 billion. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. The business's quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the company earned $7.55 EPS. On average, equities analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on CHTR shares. StockNews.com upgraded Charter Communications from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Barclays upped their price target on Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a research report on Monday, February 3rd. Loop Capital upped their target price on Charter Communications from $385.00 to $430.00 and gave the company a "hold" rating in a report on Monday, April 28th. Morgan Stanley lifted their price target on shares of Charter Communications from $385.00 to $415.00 and gave the company an "equal weight" rating in a report on Monday, April 28th. Finally, Wells Fargo & Company boosted 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. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Charter Communications has an average rating of "Hold" and an average price target of $399.35.

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.