Proficio Capital Partners LLC Acquires New Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Proficio Capital Partners LLC acquired a new position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 97,689 shares of the company's stock, valued at approximately $33,485,000. Proficio Capital Partners LLC owned 0.07% of Charter Communications at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Reston Wealth Management LLC acquired a new position in shares of Charter Communications during the third quarter worth about $26,000. Ashton Thomas Securities LLC acquired a new position in Charter Communications during the 3rd quarter worth approximately $28,000. Avior Wealth Management LLC boosted its holdings in Charter Communications by 104.7% in the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock worth $30,000 after acquiring an additional 45 shares during the period. Sierra Ocean LLC purchased a new position in Charter Communications in the 4th quarter worth approximately $32,000. Finally, Wingate Wealth Advisors Inc. acquired a new stake in Charter Communications in the fourth quarter valued at approximately $45,000. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Stock Performance

CHTR traded down $1.09 during trading on Tuesday, reaching $369.58. 931,646 shares of the company were exchanged, compared to its average volume of 1,113,559. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The firm has a 50 day moving average of $352.71 and a 200 day moving average of $353.84. The stock has a market cap of $52.55 billion, a P/E ratio of 10.57, a PEG ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings results on Friday, February 7th. The company reported $10.10 EPS for the quarter, topping the consensus estimate of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same quarter last year, the company earned $7.07 earnings per share. On average, sell-side analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on CHTR shares. Wells Fargo & Company upped their target price on shares of Charter Communications from $350.00 to $400.00 and gave the company an "equal weight" rating in a research note on Monday, November 4th. Benchmark restated a "buy" rating and set a $450.00 target price on shares of Charter Communications in a research note on Friday, January 31st. JPMorgan Chase & Co. boosted their price target on Charter Communications from $385.00 to $400.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th. Morgan Stanley raised their price objective on Charter Communications from $360.00 to $415.00 and gave the company an "equal weight" rating in a research note on Monday, November 4th. Finally, Bank of America raised Charter Communications from a "neutral" rating to a "buy" rating and upped their target price for the company from $385.00 to $450.00 in a research report on Monday, November 4th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Charter Communications currently has a consensus rating of "Hold" and an average target price of $384.42.

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.