Inceptionr LLC Invests $1 Million in Charter Communications, Inc. (NASDAQ:CHTR)

Inceptionr LLC acquired a new stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,925 shares of the company's stock, valued at approximately $1,003,000.

Several other institutional investors and hedge funds have also made changes to their positions in CHTR. Raymond James Financial Inc. purchased a new position in Charter Communications during the fourth quarter worth about $14,870,000. Proficio Capital Partners LLC acquired a new stake in Charter Communications during the fourth quarter worth about $33,485,000. Assetmark Inc. grew its stake in shares of Charter Communications by 8.8% in the fourth quarter. Assetmark Inc. now owns 5,232 shares of the company's stock valued at $1,793,000 after buying an additional 423 shares in the last quarter. Keybank National Association OH grew its stake in shares of Charter Communications by 2.6% in the fourth quarter. Keybank National Association OH now owns 1,392 shares of the company's stock valued at $477,000 after buying an additional 35 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI grew its stake in shares of Charter Communications by 35.5% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 981 shares of the company's stock valued at $337,000 after buying an additional 257 shares in the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. BNP Paribas upgraded Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 target price for the company in a research note on Tuesday, November 26th. Barclays raised their price objective on Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a research note on Monday, February 3rd. Benchmark reaffirmed a "buy" rating and set a $450.00 target price on shares of Charter Communications in a report on Friday, January 31st. Royal Bank of Canada increased their target price on Charter Communications from $380.00 to $385.00 and gave the stock a "sector perform" rating in a report on Monday, February 3rd. Finally, KeyCorp raised Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 price target on the stock in a report on Thursday, December 12th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $384.42.

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Charter Communications Price Performance

Shares of CHTR stock traded down $3.42 during mid-day trading on Friday, hitting $379.52. 1,581,626 shares of the stock traded hands, compared to its average volume of 1,140,182. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27. The firm has a market cap of $53.97 billion, a price-to-earnings ratio of 10.86, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. The company's 50-day simple moving average is $354.80 and its 200-day simple moving average is $354.54. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31.

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

Charter Communications Company Profile

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.