Royal London Asset Management Ltd. Boosts Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Royal London Asset Management Ltd. grew its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 3.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 66,956 shares of the company’s stock after purchasing an additional 2,027 shares during the period. Royal London Asset Management Ltd.’s holdings in Charter Communications were worth $22,951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Harvest Fund Management Co. Ltd grew its position in shares of Charter Communications by 27.3% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 8,369 shares of the company’s stock valued at $2,869,000 after purchasing an additional 1,794 shares in the last quarter. Xponance Inc. grew its position in shares of Charter Communications by 2.4% in the fourth quarter. Xponance Inc. now owns 13,397 shares of the company’s stock valued at $4,592,000 after purchasing an additional 318 shares in the last quarter. Generali Asset Management SPA SGR purchased a new stake in shares of Charter Communications in the fourth quarter valued at approximately $36,000. Advisors Asset Management Inc. grew its position in shares of Charter Communications by 2.4% in the fourth quarter. Advisors Asset Management Inc. now owns 42,583 shares of the company’s stock valued at $14,596,000 after purchasing an additional 996 shares in the last quarter. Finally, Kennondale Capital Management LLC acquired a new position in Charter Communications in the fourth quarter valued at approximately $254,000. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CHTR has been the topic of a number of recent analyst reports. Royal Bank of Canada upped their price objective on Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. StockNews.com upgraded Charter Communications from a “hold” rating to a “buy” rating in a report on Tuesday. Barclays upped their price objective on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. BNP Paribas upgraded Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective on the stock in a report on Tuesday, November 26th. Finally, KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective on the stock in a report on Thursday, December 12th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $389.39.

Charter Communications Stock Up 0.3 %

Charter Communications stock opened at $363.81 on Friday. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27. The stock’s fifty day simple moving average is $356.74 and its 200-day simple moving average is $354.94. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The firm has a market capitalization of $51.73 billion, a P/E ratio of 10.41, a P/E/G ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same quarter last year, the company earned $7.07 EPS. As a group, equities analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Charter Communications Company 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.