Principal Financial Group Inc. Sells 3,301 Shares of Charter Communications, Inc. $CHTR

Principal Financial Group Inc. lowered its position in Charter Communications, Inc. (NASDAQ:CHTR) by 3.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,550 shares of the company’s stock after selling 3,301 shares during the period. Principal Financial Group Inc.’s holdings in Charter Communications were worth $28,762,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CHTR. AQR Capital Management LLC grew its position in shares of Charter Communications by 129.1% during the 1st quarter. AQR Capital Management LLC now owns 11,875 shares of the company’s stock valued at $4,356,000 after acquiring an additional 6,691 shares during the period. Integrated Wealth Concepts LLC raised its holdings in shares of Charter Communications by 16.3% in the 1st quarter. Integrated Wealth Concepts LLC now owns 913 shares of the company’s stock valued at $336,000 after acquiring an additional 128 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Charter Communications by 48.1% during the 1st quarter. Jones Financial Companies Lllp now owns 1,339 shares of the company’s stock worth $493,000 after acquiring an additional 435 shares during the last quarter. Geneos Wealth Management Inc. grew its position in Charter Communications by 141.0% during the first quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock valued at $35,000 after acquiring an additional 55 shares during the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of Charter Communications by 451.1% during the first quarter. Acadian Asset Management LLC now owns 733 shares of the company’s stock valued at $270,000 after buying an additional 600 shares during the last quarter. Institutional investors own 81.76% of the company’s stock.

Charter Communications Price Performance

Shares of NASDAQ:CHTR opened at $231.14 on Friday. The company has a market capitalization of $29.91 billion, a P/E ratio of 6.37, a P/E/G ratio of 0.35 and a beta of 1.05. Charter Communications, Inc. has a 1-year low of $180.38 and a 1-year high of $437.06. The firm’s 50 day simple moving average is $204.20 and its two-hundred day simple moving average is $238.14. The company has a debt-to-equity ratio of 4.65, a current ratio of 0.39 and a quick ratio of 0.37.

Charter Communications (NASDAQ:CHTR) last issued its earnings results 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 firm had revenue of $13.60 billion during the quarter, compared to the consensus estimate of $13.73 billion. Charter Communications had a return on equity of 24.63% and a net margin of 9.10%.The company’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $10.10 EPS. Research analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CHTR. Barclays reduced their price target on shares of Charter Communications from $275.00 to $200.00 and set an “underweight” rating on the stock in a research report on Monday, November 3rd. Benchmark raised their target price 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. TD Cowen boosted their target price on shares of Charter Communications from $428.00 to $437.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Deutsche Bank Aktiengesellschaft reduced their price objective on Charter Communications from $275.00 to $235.00 and set a “hold” rating for the company in a research report on Tuesday. Finally, Williams Trading set a $437.00 price target on Charter Communications in a research note on Monday. Six analysts have rated the stock with a Buy rating, nine have issued a Hold rating and seven have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $335.67.

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.