US Bancorp DE Acquires 423 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

US Bancorp DE boosted its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 5.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,793 shares of the company’s stock after purchasing an additional 423 shares during the period. US Bancorp DE’s holdings in Charter Communications were worth $2,671,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of Charter Communications by 27.7% during the third quarter. FMR LLC now owns 1,064,948 shares of the company’s stock worth $345,128,000 after buying an additional 230,817 shares in the last quarter. Fernbridge Capital Management LP acquired a new stake in Charter Communications during the 3rd quarter worth $48,200,000. Franklin Resources Inc. grew its holdings in Charter Communications by 4.9% during the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after acquiring an additional 148,003 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Charter Communications during the fourth quarter worth $33,485,000. Finally, Empirical Asset Management LLC bought a new position in shares of Charter Communications during the fourth quarter worth $21,338,000. Institutional investors own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

CHTR has been the topic of a number of recent analyst reports. KeyCorp raised shares of 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. Barclays lifted their price target on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Benchmark reissued a “buy” rating and set a $450.00 price target on shares of Charter Communications in a research report on Friday, January 31st. Royal Bank of Canada boosted their price objective on shares of Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a research report on Monday, February 3rd. Finally, BNP Paribas raised shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective on the stock in a research report on Tuesday, November 26th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, Charter Communications currently has a consensus rating of “Hold” and an average price target of $384.42.

Charter Communications Trading Up 1.2 %

Shares of NASDAQ:CHTR opened at $382.94 on Friday. The company’s 50-day moving average price is $354.19 and its two-hundred day moving average price is $354.32. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27. The stock has a market capitalization of $54.45 billion, a PE ratio of 10.95, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, February 7th. The company reported $10.10 EPS for the quarter, topping the consensus estimate 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 in the previous year, the firm posted $7.07 EPS. On average, equities analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

About Charter Communications

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.