Advisors Asset Management Inc. Boosts Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Advisors Asset Management Inc. grew its holdings in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 2.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 42,583 shares of the company's stock after buying an additional 996 shares during the quarter. Advisors Asset Management Inc.'s holdings in Charter Communications were worth $14,596,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Avior Wealth Management LLC lifted its stake in shares of Charter Communications by 104.7% in the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock valued at $30,000 after purchasing an additional 45 shares during the period. Sierra Ocean LLC purchased a new position in shares of Charter Communications in the 4th quarter valued at approximately $32,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Charter Communications in the 4th quarter valued at approximately $45,000. Union Bancaire Privee UBP SA purchased a new position in shares of Charter Communications in the 4th quarter valued at approximately $55,000. Finally, BankPlus Trust Department purchased a new position in shares of Charter Communications in the 4th quarter valued at approximately $71,000. Hedge funds and other institutional investors own 81.76% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CHTR. KeyCorp upgraded Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 target price for the company in a research note on Thursday, December 12th. StockNews.com raised Charter Communications from a "hold" rating to a "buy" rating in a research report on Tuesday. Citigroup began coverage on Charter Communications in a research report on Friday, March 14th. They set a "buy" rating and a $425.00 price objective for the company. Barclays raised their price objective on Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada raised their price objective on Charter Communications from $380.00 to $385.00 and gave the company a "sector perform" rating in a research report on Monday, February 3rd. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $389.39.

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Charter Communications Stock Performance

NASDAQ CHTR traded up $1.23 on Friday, hitting $363.81. 1,569,789 shares of the company traded hands, compared to its average volume of 1,194,285. The company has a market capitalization of $51.73 billion, a price-to-earnings ratio of 10.41, a P/E/G ratio of 0.44 and a beta of 1.13. 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 business's 50 day moving average price is $356.74 and its 200-day moving average price is $354.94. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, beating the consensus estimate 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 quarter in the prior year, the firm earned $7.07 EPS. Equities analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current 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.