AE Wealth Management LLC Purchases 1,622 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

AE Wealth Management LLC raised its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 63.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,162 shares of the company's stock after purchasing an additional 1,622 shares during the period. AE Wealth Management LLC's holdings in Charter Communications were worth $1,534,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CHTR. Geode Capital Management LLC boosted its holdings in shares of Charter Communications by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 2,477,276 shares of the company's stock valued at $847,087,000 after buying an additional 45,045 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Charter Communications by 822.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company's stock valued at $433,167,000 after buying an additional 1,126,783 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Charter Communications by 130.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company's stock valued at $369,566,000 after buying an additional 609,554 shares during the period. Northern Trust Corp boosted its holdings in shares of Charter Communications by 16.6% in the fourth quarter. Northern Trust Corp now owns 1,001,066 shares of the company's stock valued at $343,135,000 after buying an additional 142,883 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Charter Communications by 21.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 900,849 shares of the company's stock valued at $308,795,000 after buying an additional 161,547 shares during the period. Institutional investors own 81.76% of the company's stock.

Charter Communications Price Performance

NASDAQ:CHTR opened at $309.75 on Friday. Charter Communications, Inc. has a 52 week low of $307.34 and a 52 week high of $437.06. The firm has a market cap of $43.48 billion, a price-to-earnings ratio of 8.48, a P/E/G ratio of 0.34 and a beta of 1.08. The firm's 50-day simple moving average is $396.12 and its 200 day simple moving average is $373.40. The company has a debt-to-equity ratio of 4.54, a quick ratio of 0.36 and a current ratio of 0.36.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The company reported $9.18 EPS for the quarter, missing analysts' consensus estimates of $10.06 by ($0.88). The company had revenue of $13.77 billion during the quarter, compared to the consensus estimate of $13.76 billion. Charter Communications had a return on equity of 27.70% and a net margin of 9.42%. The firm's revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $8.49 EPS. As a group, sell-side analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Loop Capital upgraded shares of Charter Communications from a "hold" rating to a "buy" rating and upped their price target for the company from $430.00 to $510.00 in a report on Monday, May 19th. Raymond James Financial upgraded shares of Charter Communications from an "underperform" rating to a "market perform" rating in a report on Monday, May 19th. Royal Bank Of Canada raised their target price on shares of Charter Communications from $385.00 to $395.00 and gave the company a "sector perform" rating in a research report on Monday, April 28th. Citigroup raised their target price on shares of Charter Communications from $425.00 to $445.00 and gave the company a "buy" rating in a research report on Monday, April 28th. Finally, Bank of America raised their target price on shares of Charter Communications from $450.00 to $500.00 and gave the company a "buy" rating in a research report on Tuesday, July 1st. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Charter Communications has a consensus rating of "Hold" and an average price target of $422.37.

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.

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