Charter Communications Inc (CHTR) Position Raised by DNB Asset Management AS

DNB Asset Management AS increased its holdings in shares of Charter Communications Inc (NASDAQ:CHTR) by 1,950.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 414,377 shares of the company’s stock after acquiring an additional 394,169 shares during the period. Charter Communications comprises 1.6% of DNB Asset Management AS’s portfolio, making the stock its 9th biggest position. DNB Asset Management AS owned about 0.18% of Charter Communications worth $143,752,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CHTR. Longview Partners Guernsey LTD bought a new stake in shares of Charter Communications during the 4th quarter worth approximately $846,691,000. Norges Bank bought a new stake in Charter Communications during the 4th quarter valued at $360,022,000. Senator Investment Group LP bought a new stake in Charter Communications during the 3rd quarter valued at $236,263,000. Rehmann Capital Advisory Group raised its position in Charter Communications by 34,636.6% during the 3rd quarter. Rehmann Capital Advisory Group now owns 347,713 shares of the company’s stock valued at $1,067,000 after purchasing an additional 346,712 shares in the last quarter. Finally, Marshall Wace North America L.P. bought a new stake in Charter Communications during the 3rd quarter valued at $104,551,000. 74.90% of the stock is owned by hedge funds and other institutional investors.

Shares of CHTR stock opened at $354.35 on Thursday. Charter Communications Inc has a 1-year low of $250.10 and a 1-year high of $368.02. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 1.57. The firm has a market cap of $79.90 billion, a P/E ratio of 67.88, a price-to-earnings-growth ratio of 1.23 and a beta of 1.40.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Thursday, January 31st. The company reported $1.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.49 by ($0.20). The firm had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $11.15 billion. Charter Communications had a net margin of 2.82% and a return on equity of 2.70%. On average, equities research analysts forecast that Charter Communications Inc will post 7.57 earnings per share for the current fiscal year.

CHTR has been the subject of a number of research analyst reports. BidaskClub lowered Charter Communications from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 27th. Zacks Investment Research lowered Charter Communications from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Nomura started coverage on Charter Communications in a research note on Wednesday, January 16th. They set a “neutral” rating and a $330.00 target price on the stock. TD Securities started coverage on Charter Communications in a research note on Wednesday, January 16th. They set a “buy” rating and a $385.00 target price on the stock. Finally, Credit Suisse Group restated a “neutral” rating and set a $345.00 target price (up from $294.00) on shares of Charter Communications in a research note on Friday, February 1st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $359.18.

In other Charter Communications news, EVP Richard R. Dykhouse sold 11,000 shares of the business’s stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of $340.72, for a total transaction of $3,747,920.00. Following the sale, the executive vice president now owns 16,610 shares in the company, valued at approximately $5,659,359.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Kevin D. Howard sold 14,197 shares of the business’s stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $343.18, for a total value of $4,872,126.46. Following the sale, the chief accounting officer now owns 3,059 shares in the company, valued at approximately $1,049,787.62. The disclosure for this sale can be found here. In the last quarter, insiders have sold 57,233 shares of company stock worth $19,544,909. Company insiders own 0.84% of the company’s stock.

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About Charter Communications

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.

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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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