Principal Financial Group Inc. Boosts Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Principal Financial Group Inc. increased its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 2.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,103 shares of the company’s stock after buying an additional 2,495 shares during the period. Principal Financial Group Inc. owned about 0.08% of Charter Communications worth $36,330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in CHTR. Reston Wealth Management LLC acquired a new stake in shares of Charter Communications in the third quarter valued at about $26,000. Ashton Thomas Securities LLC purchased a new position in Charter Communications in the 3rd quarter valued at about $28,000. 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 last quarter. CVA Family Office LLC increased its stake in Charter Communications by 31.3% during the 3rd quarter. CVA Family Office LLC now owns 147 shares of the company’s stock worth $48,000 after buying an additional 35 shares in the last quarter. Finally, Capital Advisors Ltd. LLC raised its holdings in shares of Charter Communications by 28.7% during the third quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock valued at $51,000 after acquiring an additional 35 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

CHTR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Wolfe Research lowered shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 target price for the company. in a report on Monday, September 30th. Benchmark increased their target price on shares of Charter Communications from $440.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Citigroup upgraded shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price target on the stock in a research report on Wednesday, September 11th. Finally, Morgan Stanley increased their price objective on shares of Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” 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 issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $384.42.

Charter Communications Price Performance

Shares of CHTR opened at $349.46 on Tuesday. The firm has a 50-day simple moving average of $369.85 and a two-hundred day simple moving average of $341.03. The stock has a market cap of $49.69 billion, a PE ratio of 10.94, a P/E/G ratio of 0.60 and a beta of 1.08. 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 5.24, a current ratio of 0.34 and a quick ratio of 0.34.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, beating the consensus estimate of $8.55 by $0.27. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The firm had revenue of $13.80 billion during the quarter, compared to the consensus estimate of $13.66 billion. During the same quarter last year, the firm earned $8.25 EPS. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. As a group, analysts forecast that Charter Communications, Inc. will post 32.87 EPS for the current year.

Charter Communications Company 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.