Assenagon Asset Management S.A. Grows Stock Holdings in Charter Communications, Inc. $CHTR

Key Points

• Assenagon Asset Management S.A. increased its stake in Charter Communications by 229.2% in Q4 to 138,972 shares (worth about $29.01 million), representing roughly 0.11% of the company.
• Charter reported Q4 EPS of $10.34 vs. $10.40 expected and revenue of $13.60 billion (down 2.3% year-over-year); the company has a market cap of $27.72 billion, a P/E of 6.03 and a high debt-to-equity ratio of 4.65.
• Analyst sentiment is mixed: MarketBeat shows a consensus "Hold" with an average price target of $335.11, and broker targets ranging roughly from $220 to $437 (6 Buy / 10 Hold / 6 Sell).

Assenagon Asset Management S.A. increased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 229.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,972 shares of the company's stock after purchasing an additional 96,754 shares during the period. Assenagon Asset Management S.A. owned 0.11% of Charter Communications worth $29,010,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Webster Bank N. A. purchased a new position in shares of Charter Communications during the third quarter worth about $28,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Charter Communications in the third quarter valued at approximately $30,000. Geneos Wealth Management Inc. increased its stake in Charter Communications by 141.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company's stock valued at $35,000 after buying an additional 55 shares during the period. Mather Group LLC. purchased a new position in Charter Communications during the third quarter worth about $38,000. Finally, Root Financial Partners LLC purchased a new position in shares of Charter Communications during the 3rd quarter worth approximately $38,000. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Stock Up 0.6%

CHTR opened at $218.91 on Thursday. Charter Communications, Inc. has a 1 year low of $180.38 and a 1 year high of $437.06. The firm has a 50 day moving average price of $218.10 and a 200 day moving average price of $225.91. The company has a debt-to-equity ratio of 4.65, a quick ratio of 0.39 and a current ratio of 0.39. The company has a market cap of $27.72 billion, a PE ratio of 6.03, a price-to-earnings-growth ratio of 0.34 and a beta of 1.02.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings results on Friday, January 30th. The company reported $10.34 earnings per share for the quarter, missing analysts' consensus estimates of $10.40 by ($0.06). Charter Communications had a net margin of 9.10% and a return on equity of 24.63%. The business had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.73 billion. During the same period last year, the firm earned $10.10 earnings per share. The company's quarterly revenue was down 2.3% on a year-over-year basis. Sell-side analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on CHTR. TD Cowen raised their price objective on shares of Charter Communications from $428.00 to $437.00 and gave the company a "buy" rating in a research note on Monday, February 2nd. Sanford C. Bernstein set a $220.00 target price on Charter Communications in a research note on Wednesday, January 28th. New Street Research decreased their price target on shares of Charter Communications from $479.00 to $328.00 and set a "buy" rating on the stock in a research note on Thursday, February 5th. Deutsche Bank Aktiengesellschaft lowered their price objective on Charter Communications from $275.00 to $235.00 and set a "hold" rating for the company in a research report on Tuesday, February 3rd. Finally, KeyCorp restated a "sector weight" rating on shares of Charter Communications in a report on Monday, January 26th. Six equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $335.11.

Charter Communications Company Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter's service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company's consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.

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