Charter Communications, Inc. (NASDAQ:CHTR) Shares Purchased by KBC Group NV

KBC Group NV grew its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 4.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,382 shares of the company's stock after buying an additional 668 shares during the period. KBC Group NV's holdings in Charter Communications were worth $5,300,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. SVB Wealth LLC purchased a new stake in shares of Charter Communications during the 4th quarter worth about $260,000. US Bancorp DE grew its holdings in shares of Charter Communications by 5.7% during the 4th quarter. US Bancorp DE now owns 7,793 shares of the company's stock worth $2,671,000 after purchasing an additional 423 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Charter Communications by 28.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 377 shares of the company's stock worth $129,000 after purchasing an additional 83 shares during the period. Norden Group LLC grew its holdings in shares of Charter Communications by 7.7% during the 4th quarter. Norden Group LLC now owns 683 shares of the company's stock worth $234,000 after purchasing an additional 49 shares during the period. Finally, Jones Financial Companies Lllp grew its holdings in shares of Charter Communications by 3.4% during the 4th quarter. Jones Financial Companies Lllp now owns 904 shares of the company's stock worth $310,000 after purchasing an additional 30 shares during the period. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Stock Performance

Shares of CHTR stock traded up $3.99 on Friday, hitting $416.25. 516,681 shares of the stock traded hands, compared to its average volume of 1,269,823. The company has a debt-to-equity ratio of 4.54, a current ratio of 0.36 and a quick ratio of 0.36. The company has a market capitalization of $58.43 billion, a PE ratio of 11.62, a PEG ratio of 0.45 and a beta of 1.08. Charter Communications, Inc. has a 1-year low of $286.66 and a 1-year high of $437.06. The company's fifty day moving average is $399.84 and its 200 day moving average is $369.39.

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 analyst estimates of $13.67 billion. Charter Communications had a net margin of 9.42% and a return on equity of 27.70%. The business's revenue was up .4% on a year-over-year basis. During the same period in the prior year, the company posted $7.55 earnings per share. On average, equities research analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CHTR has been the subject of a number of analyst reports. Citigroup upped their price target on Charter Communications from $425.00 to $445.00 and gave the stock a "buy" rating in a report on Monday, April 28th. Wells Fargo & Company upped their price target on Charter Communications from $380.00 to $400.00 and gave the stock an "equal weight" rating in a report on Monday, April 28th. Raymond James Financial upgraded Charter Communications from an "underperform" rating to a "market perform" rating in a report on Monday, May 19th. Loop Capital upgraded Charter Communications from a "hold" rating to a "buy" rating and upped their price target for the stock from $430.00 to $510.00 in a report on Monday, May 19th. Finally, BNP Paribas restated an "underperform" rating and issued a $290.00 price target on shares of Charter Communications in a report on Thursday, April 10th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $421.26.

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.