Nordea Investment Management AB Has $3.35 Million Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Nordea Investment Management AB grew its position in Charter Communications, Inc. (NASDAQ:CHTR) by 14.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,757 shares of the company’s stock after purchasing an additional 1,197 shares during the quarter. Nordea Investment Management AB’s holdings in Charter Communications were worth $3,349,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Savant Capital LLC boosted its position in shares of Charter Communications by 1.7% in the second quarter. Savant Capital LLC now owns 1,859 shares of the company’s stock valued at $556,000 after acquiring an additional 31 shares during the period. US Bancorp DE raised its stake in Charter Communications by 0.4% in the 3rd quarter. US Bancorp DE now owns 7,370 shares of the company’s stock worth $2,388,000 after purchasing an additional 31 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in Charter Communications by 3.1% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 1,051 shares of the company’s stock valued at $314,000 after purchasing an additional 32 shares during the period. Grove Bank & Trust grew its position in shares of 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 purchasing an additional 34 shares in the last quarter. Finally, CVA Family Office LLC increased its holdings in shares of Charter Communications by 31.3% during the third quarter. CVA Family Office LLC now owns 147 shares of the company’s stock worth $48,000 after purchasing an additional 35 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CHTR. Benchmark increased their price target on Charter Communications from $440.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Wells Fargo & Company increased their target price on Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Pivotal Research boosted their price target on Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Finally, Morgan Stanley boosted their target price on shares of Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $384.42.

Charter Communications Price Performance

Shares of CHTR opened at $334.89 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. The stock has a market cap of $47.62 billion, a PE ratio of 10.49, a PEG ratio of 0.60 and a beta of 1.10. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27. The business has a 50-day simple moving average of $374.78 and a two-hundred day simple moving average of $347.30.

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