Allianz Asset Management GmbH Buys 148,569 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Allianz Asset Management GmbH increased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 42.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 500,947 shares of the company's stock after acquiring an additional 148,569 shares during the quarter. Allianz Asset Management GmbH owned about 0.36% of Charter Communications worth $184,614,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CHTR. Avantax Advisory Services Inc. boosted its holdings in shares of Charter Communications by 36.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 1,083 shares of the company's stock valued at $371,000 after acquiring an additional 289 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in Charter Communications by 8.2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,293 shares of the company's stock valued at $443,000 after purchasing an additional 98 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of Charter Communications by 1,188.2% in the fourth quarter. Teacher Retirement System of Texas now owns 8,077 shares of the company's stock valued at $2,769,000 after buying an additional 7,450 shares during the last quarter. Mizuho Securities USA LLC grew its holdings in shares of Charter Communications by 45.6% in the fourth quarter. Mizuho Securities USA LLC now owns 9,164 shares of the company's stock valued at $3,141,000 after purchasing an additional 2,870 shares during the period. Finally, American Century Companies Inc. boosted its stake in Charter Communications by 10.2% during the fourth quarter. American Century Companies Inc. now owns 13,919 shares of the company's stock worth $4,771,000 after buying an additional 1,286 shares during the period. Institutional investors own 81.76% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on CHTR shares. Barclays raised their price objective on shares of Charter Communications from $320.00 to $341.00 and gave the stock an "underweight" rating in a report on Monday, July 14th. Morgan Stanley boosted their target price on shares of Charter Communications from $385.00 to $415.00 and gave the stock an "equal weight" rating in a research report on Monday, April 28th. Royal Bank Of Canada boosted their target price on shares of Charter Communications from $385.00 to $395.00 and gave the stock a "sector perform" rating in a research report on Monday, April 28th. Sanford C. Bernstein lowered shares of Charter Communications from an "outperform" rating to a "market perform" rating and set a $410.00 price objective on the stock. in a research report on Monday, June 2nd. Finally, Raymond James Financial raised shares of Charter Communications from an "underperform" rating to a "market perform" rating in a research note on Monday, May 19th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $422.37.

Charter Communications Stock Up 1.8%

Shares of Charter Communications stock traded up $6.81 during trading on Monday, hitting $388.89. 1,367,245 shares of the stock traded hands, compared to its average volume of 1,267,416. The stock has a market cap of $54.58 billion, a P/E ratio of 10.85, a PEG ratio of 0.42 and a beta of 1.08. 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, Inc. has a twelve month low of $304.76 and a twelve month high of $437.06. The company has a fifty day moving average price of $400.15 and a two-hundred day moving average price of $372.74.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its 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 analyst estimates of $13.67 billion. Charter Communications had a net margin of 9.42% and a return on equity of 27.70%. The company's quarterly revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the company posted $7.55 EPS. Equities research analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

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.