Desjardins Global Asset Management Inc. Acquires 2,594 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Desjardins Global Asset Management Inc. increased its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 467.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,149 shares of the company’s stock after acquiring an additional 2,594 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Charter Communications were worth $1,224,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CHTR. Fairfield Bush & CO. bought a new position in Charter Communications in the 1st quarter valued at $94,000. American Century Companies Inc. boosted its position in shares of Charter Communications by 10.6% in the 1st quarter. American Century Companies Inc. now owns 3,363 shares of the company’s stock worth $1,834,000 after purchasing an additional 322 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Charter Communications by 12,010.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,211 shares of the company’s stock worth $660,000 after purchasing an additional 1,201 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Charter Communications by 4.5% in the 1st quarter. Cetera Investment Advisers now owns 860 shares of the company’s stock worth $469,000 after purchasing an additional 37 shares during the last quarter. Finally, Moors & Cabot Inc. boosted its position in shares of Charter Communications by 19.4% in the 1st quarter. Moors & Cabot Inc. now owns 727 shares of the company’s stock worth $397,000 after purchasing an additional 118 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on CHTR shares. JPMorgan Chase & Co. reduced their price target on Charter Communications from $370.00 to $335.00 and set a “neutral” rating on the stock in a research report on Monday, April 1st. Rosenblatt Securities reduced their price target on Charter Communications from $334.00 to $297.00 and set a “neutral” rating on the stock in a research report on Monday. Pivotal Research reduced their price target on Charter Communications from $500.00 to $450.00 and set a “buy” rating on the stock in a research report on Monday, February 5th. Deutsche Bank Aktiengesellschaft reduced their price target on Charter Communications from $375.00 to $320.00 and set a “hold” rating on the stock in a research report on Tuesday. Finally, Wells Fargo & Company dropped their price objective on Charter Communications from $340.00 to $290.00 and set an “equal weight” rating on the stock in a research note on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Charter Communications has a consensus rating of “Hold” and an average price target of $380.80.

Charter Communications Stock Performance

CHTR opened at $257.57 on Wednesday. The business’s 50-day moving average price is $285.75 and its two-hundred day moving average price is $356.67. Charter Communications, Inc. has a 1 year low of $254.31 and a 1 year high of $458.30. The company has a market capitalization of $37.41 billion, a price-to-earnings ratio of 8.58, a P/E/G ratio of 0.43 and a beta of 0.96. The company has a debt-to-equity ratio of 6.51, a current ratio of 0.31 and a quick ratio of 0.31.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, February 2nd. The company reported $7.07 earnings per share for the quarter, missing the consensus estimate of $8.76 by ($1.69). The company had revenue of $13.71 billion during the quarter, compared to the consensus estimate of $13.70 billion. Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. Charter Communications’s revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the business earned $7.69 EPS. Equities analysts expect that Charter Communications, Inc. will post 32.58 EPS for the current fiscal year.

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.