Siemens Fonds Invest GmbH Raises Position in Charter Communications, Inc. (NASDAQ:CHTR)

Siemens Fonds Invest GmbH boosted its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 179.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,665 shares of the company's stock after acquiring an additional 10,068 shares during the period. Siemens Fonds Invest GmbH's holdings in Charter Communications were worth $5,369,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. grew its stake in 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 purchasing an additional 29 shares during the period. Jones Financial Companies Lllp grew its position in shares of Charter Communications by 3.4% in the 4th quarter. Jones Financial Companies Lllp now owns 904 shares of the company's stock worth $310,000 after buying an additional 30 shares during the period. Quadrant Capital Group LLC increased its stake in shares of Charter Communications by 4.2% in the 4th quarter. Quadrant Capital Group LLC now owns 740 shares of the company's stock worth $254,000 after acquiring an additional 30 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Charter Communications by 5.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 622 shares of the company's stock valued at $213,000 after acquiring an additional 34 shares during the period. Finally, Keybank National Association OH boosted its stake 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 in the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Stock Performance

Shares of NASDAQ CHTR traded down $3.18 during trading on Friday, reaching $392.63. 1,829,857 shares of the company traded hands, compared to its average volume of 1,275,552. The firm has a 50 day simple moving average of $375.39 and a 200-day simple moving average of $368.03. Charter Communications, Inc. has a 52-week low of $270.86 and a 52-week high of $437.06. The stock has a market capitalization of $55.11 billion, a PE ratio of 11.23, a P/E/G ratio of 0.44 and a beta of 1.11. 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 (EPS) 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 analysts' expectations of $13.67 billion. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. The company's revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $7.55 EPS. Equities research analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analyst Ratings Changes

CHTR has been the subject of a number of analyst reports. Royal Bank of Canada raised their target price on shares of Charter Communications from $385.00 to $395.00 and gave the company a "sector perform" rating in a research note on Monday, April 28th. Citigroup raised their price objective on Charter Communications from $425.00 to $445.00 and gave the company a "buy" rating in a research report on Monday, April 28th. Barclays lifted their price objective on Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a research note on Monday, February 3rd. Wells Fargo & Company increased their target price on Charter Communications from $380.00 to $400.00 and gave the stock an "equal weight" rating in a research note on Monday, April 28th. Finally, Raymond James raised Charter Communications from an "underperform" rating to a "market perform" rating in a research report on Monday, May 19th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, Charter Communications 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.