KBC Group NV Boosts Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

KBC Group NV increased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 4.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,382 shares of the company's stock after purchasing an additional 668 shares during the period. KBC Group NV's holdings in Charter Communications were worth $5,300,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ST Germain D J Co. Inc. grew its stake in shares of Charter Communications by 1,283.3% during the first quarter. ST Germain D J Co. Inc. now owns 83 shares of the company's stock worth $31,000 after purchasing an additional 77 shares in the last quarter. Generali Asset Management SPA SGR acquired a new position in shares of Charter Communications during the fourth quarter worth $36,000. Brown Brothers Harriman & Co. grew its stake in shares of Charter Communications by 37.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock worth $36,000 after purchasing an additional 29 shares in the last quarter. NBC Securities Inc. acquired a new position in shares of Charter Communications during the first quarter worth $47,000. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in Charter Communications by 29.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the company's stock valued at $97,000 after acquiring an additional 60 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on CHTR. Raymond James Financial upgraded shares of Charter Communications from an "underperform" rating to a "market perform" rating in a research note on Monday, May 19th. Citigroup upped their price objective on shares of Charter Communications from $425.00 to $445.00 and gave the company a "buy" rating in a research note on Monday, April 28th. Bank of America upped their price objective on shares of Charter Communications from $450.00 to $500.00 and gave the company a "buy" rating in a research note on Tuesday. Wells Fargo & Company upped 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 note on Monday, April 28th. Finally, UBS Group upped their price objective on shares of Charter Communications from $400.00 to $425.00 and gave the company a "neutral" rating in a research note on Wednesday, June 18th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Charter Communications currently has an average rating of "Hold" and an average target price of $421.26.

Charter Communications Stock Performance

NASDAQ CHTR traded up $3.99 during trading hours on Friday, hitting $416.25. 516,681 shares of the stock were exchanged, compared to its average volume of 1,268,153. The company has a market cap of $58.42 billion, a price-to-earnings ratio of 11.62, a price-to-earnings-growth ratio of 0.45 and a beta of 1.08. Charter Communications, Inc. has a 12-month low of $286.66 and a 12-month high of $437.06. The stock has a 50-day moving average of $399.84 and a 200 day moving average of $369.32. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 4.54.

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 (EPS) for the quarter, missing the consensus estimate of $8.70 by ($0.28). The firm had revenue of $13.74 billion for the quarter, compared to analysts' expectations of $13.67 billion. Charter Communications had a return on equity of 27.70% and a net margin of 9.42%. The company's revenue for the quarter was up .4% on a year-over-year basis. During the same period in the prior year, the company earned $7.55 earnings per share. As a group, equities research analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Charter Communications Company Profile

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.