Charter Communications, Inc. $CHTR Stock Purchased by Danske Bank A S

Danske Bank A S increased its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 187.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,142,949 shares of the company's stock after purchasing an additional 745,256 shares during the period. Danske Bank A S owned 0.96% of Charter Communications worth $128,145,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Aberdeen Group plc lifted its stake in shares of Charter Communications by 43.5% during the 3rd quarter. Aberdeen Group plc now owns 10,695 shares of the company's stock worth $1,123,000 after purchasing an additional 3,243 shares during the last quarter. Allworth Financial LP grew its stake in Charter Communications by 2,979.3% in the third quarter. Allworth Financial LP now owns 67,652 shares of the company's stock valued at $7,503,000 after purchasing an additional 65,455 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Charter Communications by 507.4% in the third quarter. Russell Investments Group Ltd. now owns 767,841 shares of the company's stock valued at $85,154,000 after purchasing an additional 641,422 shares during the last quarter. Eurizon Capital SGR S.p.A. raised its holdings in Charter Communications by 769.1% in the third quarter. Eurizon Capital SGR S.p.A. now owns 61,460 shares of the company's stock worth $6,816,000 after purchasing an additional 54,388 shares in the last quarter. Finally, CENTRAL TRUST Co raised its holdings in Charter Communications by 38,158.2% in the third quarter. CENTRAL TRUST Co now owns 25,633 shares of the company's stock worth $2,843,000 after purchasing an additional 25,566 shares in the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Stock Up 4.3%

Shares of CHTR stock traded up $5.73 during trading hours on Friday, reaching $138.39. 2,969,752 shares of the company's stock were exchanged, compared to its average volume of 2,980,229. Charter Communications, Inc. has a 1 year low of $101.11 and a 1 year high of $254.11. The stock has a market cap of $15.84 billion, a PE ratio of 14.31, a PEG ratio of 0.70 and a beta of 0.73. The company has a current ratio of 0.37, a quick ratio of 0.36 and a debt-to-equity ratio of 3.58. The stock's fifty day moving average price is $118.93 and its two-hundred day moving average price is $161.90.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its quarterly earnings data on Friday, November 6th. The company reported ($20.50) earnings per share (EPS) for the quarter, missing the consensus estimate of $8.94 by ($29.44). The company had revenue of $14.92 billion for the quarter, compared to analyst estimates of $13.50 billion. Charter Communications had a net margin of 2.50% and a return on equity of 27.11%. The business's revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the company earned $8.34 EPS. Research analysts predict that Charter Communications, Inc. will post 35.30 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on CHTR shares. Wells Fargo & Company raised their price target on shares of Charter Communications from $101.00 to $103.00 and gave the company an "underweight" rating in a report on Monday, November 9th. Citigroup boosted their price objective on shares of Charter Communications from $140.00 to $150.00 and gave the stock a "buy" rating in a research note on Tuesday, November 10th. Weiss Ratings lowered shares of Charter Communications from a "sell (d+)" rating to a "sell (d)" rating in a research note on Friday, October 2nd. Royal Bank Of Canada decreased their target price on shares of Charter Communications from $160.00 to $150.00 and set a "sector perform" rating for the company in a research report on Monday, July 27th. Finally, The Goldman Sachs Group lowered their target price on shares of Charter Communications from $120.00 to $110.00 and set a "sell" rating for the company in a research note on Friday, September 25th. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and eight have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average target price of $193.41.

Charter Communications Profile

Charter Communications, Inc. provides broadband, video, voice and mobile services in the United States, primarily under its Spectrum brand. Its residential offerings include high-speed internet, television and home phone services, while its business services include connectivity, communications and managed solutions for organizations. The company also offers Spectrum Mobile, a wireless service that complements its broadband business. Charter serves customers across a broad U.S. footprint, including communities where it provides services over its cable network.

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