Charter Communications, Inc. (NASDAQ:CHTR) Shares Acquired by Deseret Mutual Benefit Administrators

Deseret Mutual Benefit Administrators boosted its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 5.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,284 shares of the company’s stock after acquiring an additional 65 shares during the period. Deseret Mutual Benefit Administrators’ holdings in Charter Communications were worth $440,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. PYA Waltman Capital LLC lifted its holdings in shares of Charter Communications by 1.9% in the fourth quarter. PYA Waltman Capital LLC now owns 17,000 shares of the company’s stock valued at $5,827,000 after purchasing an additional 315 shares in the last quarter. Allianz Asset Management GmbH raised its position in shares of Charter Communications by 3.0% during the 4th quarter. Allianz Asset Management GmbH now owns 352,378 shares of the company’s stock worth $120,785,000 after purchasing an additional 10,247 shares during the last quarter. Centricity Wealth Management LLC purchased a new stake in Charter Communications in the 4th quarter valued at approximately $231,000. Handelsbanken Fonder AB grew its holdings in Charter Communications by 3.7% during the 4th quarter. Handelsbanken Fonder AB now owns 18,487 shares of the company’s stock valued at $6,337,000 after buying an additional 656 shares during the last quarter. Finally, Private Advisor Group LLC increased its position in Charter Communications by 1.1% during the fourth quarter. Private Advisor Group LLC now owns 5,746 shares of the company’s stock worth $1,969,000 after buying an additional 64 shares in the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Stock Performance

Charter Communications stock opened at $361.04 on Friday. The company has a market cap of $51.34 billion, a price-to-earnings ratio of 10.33, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month 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 stock’s 50-day moving average is $352.53 and its 200-day moving average is $353.65.

Charter Communications (NASDAQ:CHTR) last posted 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 business earned $7.07 EPS. Equities analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analyst Ratings Changes

CHTR has been the topic of several recent research reports. Barclays upped their price objective on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. Pivotal Research upped their target price on shares of Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 4th. Morgan Stanley lifted their price target on shares of Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. JPMorgan Chase & Co. upped their price objective on shares of Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Finally, Royal Bank of Canada lifted their target price on shares of Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research note on Monday, February 3rd. 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 company’s stock. Based on data from MarketBeat.com, Charter Communications currently has an average rating of “Hold” and an average target price of $384.42.

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.