Munich Reinsurance Co Stock Corp in Munich Buys Shares of 12,230 Charter Communications, Inc. $CHTR

Munich Reinsurance Co Stock Corp in Munich bought a new stake in Charter Communications, Inc. (NASDAQ:CHTR) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,230 shares of the company’s stock, valued at approximately $3,365,000.

Several other hedge funds and other institutional investors have also modified their holdings of CHTR. Atlantic Union Bankshares Corp acquired a new position in Charter Communications during the second quarter valued at $25,000. Webster Bank N. A. acquired a new stake in Charter Communications during the 3rd quarter worth about $28,000. Heritage Wealth Advisors purchased a new position in Charter Communications during the 2nd quarter valued at about $29,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Charter Communications in the 3rd quarter valued at about $30,000. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Charter Communications by 141.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock valued at $35,000 after purchasing an additional 55 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Trading Up 1.0%

Shares of NASDAQ CHTR opened at $232.24 on Friday. The business has a 50 day simple moving average of $215.56 and a 200 day simple moving average of $230.35. Charter Communications, Inc. has a 52 week low of $180.38 and a 52 week high of $437.06. The stock has a market cap of $29.41 billion, a price-to-earnings ratio of 6.40, a PEG ratio of 0.37 and a beta of 1.02. The company has a debt-to-equity ratio of 4.65, a quick ratio of 0.39 and a current ratio of 0.39.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, January 30th. The company reported $10.34 earnings per share for the quarter, missing the consensus estimate of $10.40 by ($0.06). The business had revenue of $13.60 billion for the quarter, compared to the consensus estimate of $13.73 billion. Charter Communications had a net margin of 9.10% and a return on equity of 24.63%. Charter Communications’s revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the business posted $10.10 EPS. On average, research analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CHTR has been the subject of several research reports. Benchmark raised their price target on shares of Charter Communications from $425.00 to $455.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Royal Bank Of Canada dropped their price objective on shares of Charter Communications from $265.00 to $240.00 and set a “sector perform” rating on the stock in a research note on Friday, January 16th. Williams Trading set a $437.00 target price on shares of Charter Communications in a research report on Monday, February 2nd. The Goldman Sachs Group decreased their target price on shares of Charter Communications from $210.00 to $185.00 and set a “sell” rating for the company in a research note on Monday, February 2nd. Finally, Sanford C. Bernstein set a $220.00 price target on shares of Charter Communications in a report on Wednesday, January 28th. Six investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat.com, Charter Communications currently has a consensus rating of “Hold” and an average target price of $335.11.

About Charter Communications

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.