KLP Kapitalforvaltning AS Purchases Shares of 31,824 Charter Communications, Inc. (NASDAQ:CHTR)

KLP Kapitalforvaltning AS acquired a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 31,824 shares of the company’s stock, valued at approximately $10,908,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CHTR. FMR LLC boosted its stake in Charter Communications by 27.7% in the 3rd quarter. FMR LLC now owns 1,064,948 shares of the company’s stock valued at $345,128,000 after purchasing an additional 230,817 shares during the period. Fernbridge Capital Management LP acquired a new stake in shares of Charter Communications during the third quarter worth $48,200,000. Franklin Resources Inc. boosted its position in shares of Charter Communications by 4.9% in the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock valued at $1,052,868,000 after acquiring an additional 148,003 shares during the period. Amundi grew its stake in shares of Charter Communications by 62.0% in the fourth quarter. Amundi now owns 288,559 shares of the company’s stock valued at $100,799,000 after acquiring an additional 110,410 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in Charter Communications during the fourth quarter worth about $33,485,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. StockNews.com upgraded shares of Charter Communications from a “hold” rating to a “buy” rating in a research report on Tuesday, March 18th. Citigroup started coverage on Charter Communications in a research note on Friday, March 14th. They set a “buy” rating and a $425.00 price objective on the stock. Royal Bank of Canada upped their target price on Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a research report on Monday, February 3rd. KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target on the stock in a research report on Thursday, December 12th. Finally, BNP Paribas raised shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective for the company in a research report on Tuesday, November 26th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Charter Communications has an average rating of “Hold” and an average target price of $389.39.

Charter Communications Stock Up 1.0 %

NASDAQ:CHTR opened at $367.50 on Tuesday. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market cap of $52.26 billion, a PE ratio of 10.51, a P/E/G ratio of 0.44 and a beta of 1.13. The firm’s 50 day simple moving average is $357.33 and its 200 day simple moving average is $355.42.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, February 7th. The company reported $10.10 EPS for the quarter, topping analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same quarter last year, the firm earned $7.07 EPS. On average, research analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share 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.