Principal Financial Group Inc. Acquires 2,825 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Principal Financial Group Inc. raised its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 2.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 112,847 shares of the company's stock after buying an additional 2,825 shares during the period. Principal Financial Group Inc. owned about 0.08% of Charter Communications worth $41,588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. ST Germain D J Co. Inc. lifted its position 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 valued at $31,000 after buying an additional 77 shares during the last quarter. Generali Asset Management SPA SGR purchased a new position in Charter Communications during the 4th quarter worth approximately $36,000. Brown Brothers Harriman & Co. raised its position in Charter Communications by 37.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock worth $36,000 after buying an additional 29 shares during the last quarter. NBC Securities Inc. purchased a new position in shares of Charter Communications during the 1st quarter valued at approximately $47,000. Finally, Private Trust Co. NA increased its holdings in shares of 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 purchasing an additional 66 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Price Performance

CHTR traded down $10.82 during trading on Wednesday, hitting $400.85. 296,258 shares of the stock traded hands, compared to its average volume of 1,265,109. The business has a 50 day moving average price of $400.98 and a 200 day moving average price of $370.20. The company has a market cap of $56.26 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 0.44 and a beta of 1.08. 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, Inc. has a twelve month low of $287.19 and a twelve 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). The company had revenue of $13.74 billion for the quarter, compared to the consensus estimate of $13.67 billion. Charter Communications had a return on equity of 27.70% and a net margin of 9.42%. Charter Communications's revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the company earned $7.55 EPS. Equities research analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CHTR has been the topic of several recent research reports. UBS Group lifted their target price on shares of Charter Communications from $400.00 to $425.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 18th. 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. Loop Capital upgraded shares of Charter Communications from a "hold" rating to a "buy" rating and boosted their price target for the stock from $430.00 to $510.00 in a research note on Monday, May 19th. Wolfe Research raised shares of Charter Communications from an "underperform" rating to a "peer perform" rating in a report on Friday, June 20th. Finally, Wells Fargo & Company increased their price target 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. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $421.26.

Charter Communications 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.