Fiduciary Alliance LLC Invests $1.29 Million in Charter Communications, Inc. (NASDAQ:CHTR)

Fiduciary Alliance LLC purchased a new position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,748 shares of the company's stock, valued at approximately $1,285,000.

Several other large investors have also recently made changes to their positions in the company. Oddo BHF Asset Management Sas purchased a new stake in shares of Charter Communications during the 3rd quarter valued at approximately $1,345,000. Worldquant Millennium Advisors LLC raised its position in Charter Communications by 193.8% in the third quarter. Worldquant Millennium Advisors LLC now owns 40,092 shares of the company's stock valued at $12,993,000 after purchasing an additional 26,446 shares during the period. Franklin Resources Inc. lifted its stake in shares of Charter Communications by 4.9% in the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company's stock valued at $1,052,868,000 after purchasing an additional 148,003 shares during the last quarter. Cornerstone Capital Inc. grew its holdings in shares of Charter Communications by 40.7% during the 3rd quarter. Cornerstone Capital Inc. now owns 37,860 shares of the company's stock worth $12,270,000 after purchasing an additional 10,950 shares during the period. Finally, National Pension Service increased its position in shares of Charter Communications by 8.1% during the 3rd quarter. National Pension Service now owns 172,013 shares of the company's stock worth $55,746,000 after purchasing an additional 12,915 shares during the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CHTR has been the topic of several recent analyst reports. Royal Bank of Canada upped their price objective on shares of Charter Communications from $345.00 to $390.00 and gave the stock a "sector perform" rating in a report on Monday, November 4th. Pivotal Research raised their price target on Charter Communications from $435.00 to $525.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. Morgan Stanley boosted their price objective on Charter Communications from $360.00 to $415.00 and gave the company an "equal weight" rating in a report on Monday, November 4th. Wells Fargo & Company raised their target price on Charter Communications from $350.00 to $400.00 and gave the company an "equal weight" rating in a report on Monday, November 4th. Finally, KeyCorp raised shares of Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 price target on the stock in a research report on Thursday, December 12th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $384.42.

Charter Communications Stock Up 2.5 %

Shares of NASDAQ:CHTR traded up $8.45 during trading on Tuesday, hitting $346.29. 1,094,108 shares of the company were exchanged, compared to its average volume of 1,053,692. The firm's 50 day moving average price is $374.02 and its 200-day moving average price is $348.40. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a market capitalization of $49.24 billion, a P/E ratio of 10.85, a PEG ratio of 0.60 and a beta of 1.10.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.55 by $0.27. The company had revenue of $13.80 billion during the quarter, compared to the consensus estimate of $13.66 billion. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. Charter Communications's revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $8.25 earnings per share. On average, research analysts predict that Charter Communications, Inc. will post 32.87 earnings per share 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.