Charter Communications, Inc. (NASDAQ:CHTR) Shares Bought by APG Asset Management N.V.

APG Asset Management N.V. boosted its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 5.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 61,412 shares of the company’s stock after acquiring an additional 3,336 shares during the quarter. APG Asset Management N.V.’s holdings in Charter Communications were worth $17,131,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. CVA Family Office LLC boosted its holdings in shares of Charter Communications by 5,500.0% in the second quarter. CVA Family Office LLC now owns 112 shares of the company’s stock valued at $33,000 after acquiring an additional 110 shares in the last quarter. New Covenant Trust Company N.A. bought a new position in Charter Communications during the 1st quarter valued at $34,000. Riverview Trust Co bought a new stake in shares of Charter Communications in the 1st quarter worth $40,000. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Charter Communications by 109.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 159 shares of the company’s stock valued at $48,000 after buying an additional 83 shares during the period. Finally, Beach Investment Counsel Inc. PA bought a new position in Charter Communications during the second quarter valued at about $50,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CHTR shares. Wolfe Research lowered shares of Charter Communications from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 31st. Barclays raised their target price on shares of Charter Communications from $250.00 to $300.00 and gave the stock an “underweight” rating in a report on Monday, July 29th. TD Cowen upped their price target on Charter Communications from $488.00 to $525.00 and gave the company a “buy” rating in a report on Monday, July 29th. Raymond James cut Charter Communications from a “market perform” rating to an “underperform” rating in a report on Monday, July 29th. Finally, Bank of America increased their price target on Charter Communications from $360.00 to $385.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $359.94.

Charter Communications Price Performance

CHTR opened at $326.22 on Friday. The stock has a fifty day moving average price of $344.58 and a 200 day moving average price of $303.55. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 5.84. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $458.30. The stock has a market cap of $46.99 billion, a price-to-earnings ratio of 10.55, a PEG ratio of 0.61 and a beta of 1.05.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, July 26th. The company reported $8.49 EPS for the quarter, beating the consensus estimate of $7.98 by $0.51. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. The business had revenue of $13.69 billion during the quarter, compared to analysts’ expectations of $13.59 billion. During the same quarter in the previous year, the business posted $8.05 EPS. The firm’s quarterly revenue was up .2% compared to the same quarter last year. Analysts forecast that Charter Communications, Inc. will post 32.52 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.