Royal Bank of Canada Has $35.97 Million Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Royal Bank of Canada grew its holdings in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 17.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,949 shares of the company's stock after acquiring an additional 15,686 shares during the period. Royal Bank of Canada owned 0.07% of Charter Communications worth $35,973,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Rafferty Asset Management LLC boosted its holdings in shares of Charter Communications by 4.5% during the 4th quarter. Rafferty Asset Management LLC now owns 44,955 shares of the company's stock worth $15,409,000 after buying an additional 1,941 shares during the period. ProShare Advisors LLC raised its stake in shares of Charter Communications by 20.3% in the 4th quarter. ProShare Advisors LLC now owns 175,759 shares of the company's stock valued at $60,245,000 after buying an additional 29,712 shares in the last quarter. Quantinno Capital Management LP raised its stake in shares of Charter Communications by 29.9% in the 4th quarter. Quantinno Capital Management LP now owns 17,657 shares of the company's stock valued at $6,052,000 after buying an additional 4,068 shares in the last quarter. Mufg Securities Americas Inc. acquired a new stake in shares of Charter Communications during the 4th quarter worth about $489,000. Finally, Man Group plc increased its position in shares of Charter Communications by 236.4% during the 4th quarter. Man Group plc now owns 61,132 shares of the company's stock worth $20,954,000 after purchasing an additional 42,959 shares in the last quarter. 81.76% of the stock is owned by institutional investors.

Charter Communications Price Performance

NASDAQ CHTR opened at $409.93 on Friday. The company has a market capitalization of $57.54 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11. Charter Communications, Inc. has a 12-month low of $266.06 and a 12-month high of $437.06. The firm's 50 day moving average is $370.88 and its 200-day moving average is $367.66. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its earnings results on Friday, April 25th. The company reported $8.42 earnings per share for the quarter, missing analysts' consensus estimates 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 return on equity of 29.01% and a net margin of 9.23%. Charter Communications's quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $7.55 earnings per share. Equities research analysts anticipate 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 recent analyst reports. Loop Capital upgraded shares of Charter Communications from a "hold" rating to a "buy" rating and increased their target price for the stock from $430.00 to $510.00 in a research report on Monday. Barclays raised their target price on shares of Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a research note on Monday, February 3rd. Royal Bank of Canada lifted their price objective on shares of Charter Communications from $385.00 to $395.00 and gave the stock a "sector perform" rating in a research note on Monday, April 28th. Raymond James raised shares of Charter Communications from an "underperform" rating to a "market perform" rating in a research note on Monday. Finally, Morgan Stanley raised their target price on shares of Charter Communications from $385.00 to $415.00 and gave the stock an "equal weight" rating in a report on Monday, April 28th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $409.39.

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.

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