MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $8.05 Million Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 47.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 21,837 shares of the company's stock after acquiring an additional 7,054 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Charter Communications were worth $8,048,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. raised its position in 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 acquiring an additional 29 shares during the period. Jones Financial Companies Lllp raised its position in Charter Communications by 3.4% during the fourth quarter. Jones Financial Companies Lllp now owns 904 shares of the company's stock worth $310,000 after acquiring an additional 30 shares during the period. Quadrant Capital Group LLC raised its position in Charter Communications by 4.2% during the fourth quarter. Quadrant Capital Group LLC now owns 740 shares of the company's stock worth $254,000 after acquiring an additional 30 shares during the period. EverSource Wealth Advisors LLC raised its position in Charter Communications by 5.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 622 shares of the company's stock worth $213,000 after acquiring an additional 34 shares during the period. Finally, Keybank National Association OH raised its position in Charter Communications by 2.6% during the fourth quarter. Keybank National Association OH now owns 1,392 shares of the company's stock worth $477,000 after acquiring an additional 35 shares during the period. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Stock Down 2.1%

CHTR stock traded down $8.18 during midday trading on Friday, hitting $388.72. 1,311,141 shares of the company's stock were exchanged, compared to its average volume of 1,283,150. The stock has a market capitalization of $54.56 billion, a price-to-earnings ratio of 11.12, a price-to-earnings-growth ratio of 0.44 and a beta of 1.07. The firm has a 50 day moving average price of $382.40 and a 200-day moving average price of $368.25. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. Charter Communications, Inc. has a 12-month low of $273.59 and a 12-month high of $437.06.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The company reported $8.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $8.70 by ($0.28). Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. The company had revenue of $13.74 billion for the quarter, compared to analyst estimates of $13.67 billion. During the same quarter in the prior year, the firm earned $7.55 EPS. The company's revenue for the quarter was up .4% compared to the same quarter last year. On average, analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CHTR. Sanford C. Bernstein cut shares of Charter Communications from an "outperform" rating to a "market perform" rating and set a $410.00 price objective for the company. in a research report on Monday, June 2nd. Wall Street Zen upgraded shares of Charter Communications from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Loop Capital upgraded shares of Charter Communications from a "hold" rating to a "buy" rating and increased their target price for the company from $430.00 to $510.00 in a research report on Monday, May 19th. Morgan Stanley increased their target price on shares of Charter Communications from $385.00 to $415.00 and gave the company an "equal weight" rating in a research report on Monday, April 28th. Finally, Wells Fargo & Company increased their target price on shares of Charter Communications from $380.00 to $400.00 and gave the company an "equal weight" rating in a research report on Monday, April 28th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $409.42.

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.