Allianz Asset Management GmbH Purchases 10,247 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Allianz Asset Management GmbH raised its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 352,378 shares of the company’s stock after acquiring an additional 10,247 shares during the quarter. Allianz Asset Management GmbH owned about 0.25% of Charter Communications worth $120,785,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Reston Wealth Management LLC bought a new position in Charter Communications in the 3rd quarter valued at about $26,000. Ashton Thomas Securities LLC bought a new position in Charter Communications in the 3rd quarter valued at about $28,000. Avior Wealth Management LLC raised its holdings in Charter Communications by 104.7% in the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after acquiring an additional 45 shares during the period. Sierra Ocean LLC bought a new position in Charter Communications in the 4th quarter valued at about $32,000. Finally, Wingate Wealth Advisors Inc. bought a new position in Charter Communications in the 4th quarter valued at about $45,000. 81.76% of the stock is owned by institutional investors.

Charter Communications Stock Performance

NASDAQ CHTR opened at $363.01 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The firm has a market capitalization of $51.62 billion, a price-to-earnings ratio of 10.38, a P/E/G ratio of 0.44 and a beta of 1.11. The firm’s 50 day simple moving average is $352.91 and its 200 day simple moving average is $353.66. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, beating analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same period last year, the company earned $7.07 EPS. As a group, research analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Wells Fargo & Company increased their price target on shares of Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Royal Bank of Canada raised their target price on shares of Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Pivotal Research raised their target price on shares of Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 4th. KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price on the stock in a report on Thursday, December 12th. Finally, Barclays raised their target price on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $384.42.

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.