Principal Financial Group Inc. Has $41.59 Million Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Principal Financial Group Inc. increased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 2.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,847 shares of the company's stock after acquiring an additional 2,825 shares during the quarter. Principal Financial Group Inc. owned 0.08% of Charter Communications worth $41,588,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CHTR. ST Germain D J Co. Inc. lifted its holdings in shares of Charter Communications by 1,283.3% in the first quarter. ST Germain D J Co. Inc. now owns 83 shares of the company's stock valued at $31,000 after purchasing an additional 77 shares in the last quarter. Generali Asset Management SPA SGR acquired a new position in Charter Communications during the fourth quarter valued at $36,000. Brown Brothers Harriman & Co. lifted its stake in Charter Communications by 37.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock worth $36,000 after acquiring an additional 29 shares in the last quarter. NBC Securities Inc. acquired a new stake in Charter Communications during the 1st quarter worth about $47,000. Finally, Private Trust Co. NA grew its stake in Charter Communications by 69.5% during the 1st quarter. Private Trust Co. NA now owns 161 shares of the company's stock valued at $59,000 after acquiring an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Loop Capital upgraded shares of Charter Communications from a "hold" rating to a "buy" rating and raised their price target for the stock from $430.00 to $510.00 in a report on Monday, May 19th. Sanford C. Bernstein downgraded shares of Charter Communications from an "outperform" rating to a "market perform" rating and set a $410.00 price target on the stock. in a research note on Monday, June 2nd. Bank of America increased their price objective on Charter Communications from $450.00 to $500.00 and gave the stock a "buy" rating in a report on Tuesday, July 1st. Raymond James Financial upgraded Charter Communications from an "underperform" rating to a "market perform" rating in a research note on Monday, May 19th. Finally, Wall Street Zen raised Charter Communications from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $421.26.

Charter Communications Stock Performance

CHTR stock traded down $8.65 on Monday, reaching $408.32. 1,316,190 shares of the company were exchanged, compared to its average volume of 1,270,008. The firm has a market capitalization of $57.31 billion, a PE ratio of 11.40, a PEG 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's fifty day moving average price is $399.84 and its 200 day moving average price is $369.51. The company has a debt-to-equity ratio of 4.54, a current ratio of 0.36 and a quick ratio of 0.36.

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 the consensus estimate of $13.67 billion. Charter Communications had a net margin of 9.42% and a return on equity of 27.70%. The firm's quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the business posted $7.55 EPS. On average, research analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current fiscal 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.