Charter Communications, Inc. (NASDAQ:CHTR) Shares Bought by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB lifted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 18.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,540 shares of the company’s stock after buying an additional 720 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Charter Communications were worth $1,556,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Chemistry Wealth Management LLC raised its stake in shares of Charter Communications by 4.8% in the 4th quarter. Chemistry Wealth Management LLC now owns 660 shares of the company’s stock valued at $226,000 after purchasing an additional 30 shares in the last quarter. US Bancorp DE increased its holdings in Charter Communications by 0.4% in the third quarter. US Bancorp DE now owns 7,370 shares of the company’s stock valued at $2,388,000 after buying an additional 31 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its stake in Charter Communications by 3.1% during the second quarter. B. Riley Wealth Advisors Inc. now owns 1,051 shares of the company’s stock valued at $314,000 after buying an additional 32 shares in the last quarter. Grove Bank & Trust lifted its holdings in Charter Communications by 39.1% during 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 last quarter. Finally, CVA Family Office LLC grew its position in shares of Charter Communications by 31.3% in the 3rd quarter. CVA Family Office LLC now owns 147 shares of the company’s stock worth $48,000 after acquiring an additional 35 shares in the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CHTR has been the subject of several recent research reports. Barclays boosted their target price on shares of Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research note on Monday. Morgan Stanley increased their price objective on shares of Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Royal Bank of Canada lifted 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. Deutsche Bank Aktiengesellschaft increased their price target on Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. boosted their price objective on Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Charter Communications currently has an average rating of “Hold” and an average target price of $384.42.

Charter Communications Stock Performance

Shares of NASDAQ CHTR opened at $340.26 on Wednesday. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.34 and a current ratio of 0.31. The stock has a fifty day moving average price of $362.42 and a two-hundred day moving average price of $353.26. The firm has a market cap of $48.38 billion, a P/E ratio of 9.73, a PEG ratio of 0.46 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) 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. Research analysts forecast that Charter Communications, Inc. will post 36.73 EPS for the current fiscal year.

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.