National Bank of Canada FI Has $42.24 Million Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

National Bank of Canada FI lifted its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 955.7% during the 4th quarter, Holdings Channel reports. The fund owned 107,883 shares of the company’s stock after acquiring an additional 97,664 shares during the quarter. National Bank of Canada FI’s holdings in Charter Communications were worth $42,237,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pzena Investment Management LLC raised its holdings in Charter Communications by 21.0% during the 3rd quarter. Pzena Investment Management LLC now owns 1,459,148 shares of the company’s stock worth $641,762,000 after buying an additional 253,324 shares during the period. Morgan Stanley increased its position in shares of Charter Communications by 15.8% in the third quarter. Morgan Stanley now owns 1,186,738 shares of the company’s stock worth $521,952,000 after purchasing an additional 161,830 shares during the period. Parnassus Investments LLC bought a new position in Charter Communications in the third quarter valued at about $508,684,000. Northern Trust Corp raised its position in Charter Communications by 2.2% in the third quarter. Northern Trust Corp now owns 1,048,544 shares of the company’s stock valued at $461,171,000 after purchasing an additional 22,494 shares during the last quarter. Finally, Allen Investment Management LLC grew its position in shares of Charter Communications by 25.4% in the 3rd quarter. Allen Investment Management LLC now owns 873,714 shares of the company’s stock valued at $384,277,000 after buying an additional 177,224 shares during the last quarter. 81.76% of the stock is owned by institutional investors.

Charter Communications Stock Performance

NASDAQ:CHTR traded up $7.06 during mid-day trading on Monday, reaching $272.99. 1,639,211 shares of the stock were exchanged, compared to its average volume of 1,572,281. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $458.30. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 6.28. The stock has a market capitalization of $39.32 billion, a P/E ratio of 8.60, a P/E/G ratio of 1.07 and a beta of 0.97. The company has a 50 day simple moving average of $277.79 and a 200-day simple moving average of $340.06.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, April 26th. The company reported $7.55 earnings per share for the quarter, missing the consensus estimate of $7.78 by ($0.23). The firm had revenue of $13.68 billion during the quarter, compared to analysts’ expectations of $13.75 billion. Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. The firm’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm earned $6.65 EPS. Analysts anticipate that Charter Communications, Inc. will post 32.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CHTR has been the subject of a number of recent research reports. Barclays decreased their price objective on Charter Communications from $280.00 to $250.00 and set an “underweight” rating for the company in a report on Tuesday, April 2nd. Benchmark decreased their price objective on Charter Communications from $490.00 to $440.00 and set a “buy” rating on the stock in a report on Monday, February 5th. Sanford C. Bernstein raised shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 price objective for the company in a research note on Monday, March 18th. Bank of America lowered their price objective on shares of Charter Communications from $315.00 to $300.00 and set a “neutral” rating for the company in a report on Monday, April 29th. Finally, Rosenblatt Securities dropped their price target on Charter Communications from $297.00 to $292.00 and set a “neutral” rating on the stock in a research report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $356.47.

About Charter Communications

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.