MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Reduces Stake in Charter Communications, Inc. (NASDAQ:CHTR)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lowered its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 32.1% in the 4th quarter, HoldingsChannel reports. The firm owned 14,783 shares of the company’s stock after selling 7,004 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Charter Communications were worth $5,073,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Reston Wealth Management LLC bought a new stake in Charter Communications in the 3rd quarter valued at about $26,000. Ashton Thomas Securities LLC bought a new stake in shares of Charter Communications in the third quarter valued at approximately $28,000. Avior Wealth Management LLC lifted its stake in shares of Charter Communications by 104.7% during the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after buying an additional 45 shares in the last quarter. Grove Bank & Trust boosted its holdings in Charter Communications by 39.1% in the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after buying an additional 34 shares during the period. Finally, CVA Family Office LLC grew its stake in Charter Communications by 31.3% in the 3rd quarter. CVA Family Office LLC now owns 147 shares of the company’s stock valued at $48,000 after buying an additional 35 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

Charter Communications Trading Up 2.0 %

Shares of CHTR stock opened at $359.96 on Friday. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27. The company has a market cap of $51.19 billion, a price-to-earnings ratio of 11.27, a PEG ratio of 0.51 and a beta of 1.10. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a 50 day simple moving average of $367.54 and a 200-day simple moving average of $350.47.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.55 by $0.27. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The business had revenue of $13.80 billion during the quarter, compared to analyst estimates of $13.66 billion. During the same period in the prior year, the business earned $8.25 earnings per share. The business’s revenue was up 1.6% compared to the same quarter last year. On average, equities research analysts expect that Charter Communications, Inc. will post 34.62 EPS for the current fiscal year.

Analyst Ratings Changes

CHTR has been the topic of a number of analyst reports. 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 research note on Tuesday, November 26th. Barclays upped their price target on Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a research report on Monday, November 4th. KeyCorp upgraded shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective for the company in a research report on Thursday, December 12th. JPMorgan Chase & Co. upped their target price on shares of Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Finally, Pivotal Research raised their price target 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. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $383.89.

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.