Charter Communications, Inc. (NASDAQ:CHTR) Shares Purchased by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 13.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,245 shares of the company’s stock after acquiring an additional 3,056 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Charter Communications were worth $9,007,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Franklin Resources Inc. grew its stake in shares of Charter Communications by 4.9% during 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 in the last quarter. Geode Capital Management LLC grew its stake in shares of Charter Communications by 0.6% during the third quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company’s stock valued at $785,744,000 after acquiring an additional 13,430 shares in the last quarter. FMR LLC grew its stake 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 valued at $345,128,000 after acquiring an additional 230,817 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Charter Communications by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 847,921 shares of the company’s stock valued at $290,642,000 after acquiring an additional 23,225 shares in the last quarter. Finally, First Pacific Advisors LP grew its stake in shares of Charter Communications by 0.6% during the fourth quarter. First Pacific Advisors LP now owns 614,122 shares of the company’s stock valued at $210,503,000 after acquiring an additional 3,490 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Price Performance

Shares of NASDAQ:CHTR opened at $351.50 on Friday. The firm’s 50 day moving average is $355.59 and its two-hundred day moving average is $354.76. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27. The firm has a market capitalization of $49.98 billion, a P/E ratio of 10.05, a PEG ratio of 0.44 and a beta of 1.13. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, February 7th. The company reported $10.10 EPS for the quarter, beating 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 period last year, the company earned $7.07 EPS. 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 several recent analyst reports. Royal Bank of Canada raised their target price on Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a research note on Monday, February 3rd. Barclays increased 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 reaffirmed a “buy” rating and set a $450.00 price target on shares of Charter Communications in a research report on Friday, January 31st. BNP Paribas raised shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price target on the stock in a research report on Tuesday, November 26th. Finally, 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. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Charter Communications currently has an average rating of “Hold” and an average price target of $388.37.

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.