Charter Communications, Inc. (NASDAQ:CHTR) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 2.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. ST Germain D J Co. Inc. lifted its holdings in shares of Charter Communications by 1,283.3% in the 1st quarter. ST Germain D J Co. Inc. now owns 83 shares of the company's stock worth $31,000 after acquiring an additional 77 shares during the last quarter. Generali Asset Management SPA SGR purchased a new stake in shares of Charter Communications in the fourth quarter worth approximately $36,000. Brown Brothers Harriman & Co. raised its holdings in shares of Charter Communications by 37.7% in the fourth 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 period. NBC Securities Inc. purchased a new stake in shares of Charter Communications in the first quarter worth approximately $47,000. Finally, Private Trust Co. NA raised its holdings in shares of Charter Communications by 69.5% in the first quarter. Private Trust Co. NA now owns 161 shares of the company's stock worth $59,000 after buying an additional 66 shares during the period. Institutional investors own 81.76% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CHTR shares. Loop Capital upgraded Charter Communications from a "hold" rating to a "buy" rating and increased their price target for the stock from $430.00 to $510.00 in a report on Monday, May 19th. Wolfe Research raised shares of Charter Communications from an "underperform" rating to a "peer perform" rating in a research note on Friday, June 20th. Morgan Stanley raised their price target on shares of Charter Communications from $385.00 to $415.00 and gave the stock an "equal weight" rating in a research note on Monday, April 28th. UBS Group raised their price target 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. Finally, Wells Fargo & Company raised their price target on shares of Charter Communications from $380.00 to $400.00 and gave the stock an "equal weight" rating in a research note on Monday, April 28th. 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 Down 0.5%

Shares of Charter Communications stock traded down $1.98 on Thursday, reaching $401.58. The stock had a trading volume of 927,165 shares, compared to its average volume of 1,270,071. The company has a 50 day moving average price of $401.21 and a 200 day moving average price of $370.43. 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, Inc. has a 1 year low of $287.63 and a 1 year high of $437.06. The stock has a market capitalization of $56.37 billion, a P/E ratio of 11.21, a P/E/G ratio of 0.45 and a beta of 1.08.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued 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 return on equity of 27.70% and a net margin of 9.42%. The firm had revenue of $13.74 billion during the quarter, compared to analysts' expectations of $13.67 billion. During the same period in the previous year, the firm earned $7.55 EPS. The firm's quarterly revenue was up .4% on a year-over-year basis. As a group, equities research analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current year.

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.