Munich Reinsurance Co Stock Corp in Munich Makes New $3.37 Million Investment in Charter Communications, Inc. $CHTR

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

Other institutional investors and hedge funds also recently made changes to their positions in the company. Atlantic Union Bankshares Corp acquired a new stake in Charter Communications in the 2nd quarter worth approximately $25,000. Webster Bank N. A. acquired a new position in Charter Communications during the third quarter valued at approximately $28,000. Heritage Wealth Advisors acquired a new position in Charter Communications during the second quarter valued at approximately $29,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of Charter Communications in the third quarter valued at approximately $30,000. Finally, Geneos Wealth Management Inc. raised its position in shares of Charter Communications by 141.0% in the first 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.

Wall Street Analyst Weigh In

CHTR has been the subject of several recent analyst reports. Royal Bank Of Canada decreased their price objective on shares of Charter Communications from $265.00 to $240.00 and set a “sector perform” rating for the company in a report on Friday, January 16th. BNP Paribas Exane dropped their target price on shares of Charter Communications from $160.00 to $150.00 and set an “underperform” rating on the stock in a report on Tuesday, February 24th. Benchmark boosted their target price on shares of Charter Communications from $425.00 to $455.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. UBS Group set a $425.00 price target on shares of Charter Communications in a report on Thursday, January 29th. Finally, Wells Fargo & Company raised their price target on Charter Communications from $180.00 to $200.00 and gave the company an “underweight” rating in a research report on Monday, February 2nd. Six research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $335.11.

Charter Communications Trading Up 1.0%

Shares of Charter Communications stock opened at $232.24 on Friday. Charter Communications, Inc. has a 1 year low of $180.38 and a 1 year high of $437.06. The company’s fifty day simple moving average is $215.56 and its 200-day simple moving average is $230.35. The company 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 current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 4.65.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, January 30th. The company reported $10.34 EPS for the quarter, missing the consensus estimate of $10.40 by ($0.06). Charter Communications had a net margin of 9.10% and a return on equity of 24.63%. The company had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.73 billion. During the same quarter in the previous year, the company earned $10.10 earnings per share. Charter Communications’s revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, sell-side analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current year.

Charter Communications Profile

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.