Charter Communications, Inc. (NASDAQ:CHTR) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 847,921 shares of the company's stock after buying an additional 23,225 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.60% of Charter Communications worth $290,642,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in Charter Communications during the third quarter worth $28,000. Avior Wealth Management LLC raised its holdings 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 buying an additional 45 shares during the period. Sierra Ocean LLC acquired a new stake in shares of Charter Communications during the fourth quarter worth about $32,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Charter Communications in the fourth quarter valued at approximately $45,000. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Charter Communications in the fourth quarter valued at approximately $55,000. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Stock Performance

Shares of CHTR traded down $3.42 during mid-day trading on Friday, reaching $379.52. 1,581,626 shares of the company's stock were exchanged, compared to its average volume of 1,140,182. The business's fifty day simple moving average is $354.80 and its 200-day simple moving average is $354.54. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27. The stock has a market capitalization of $53.97 billion, a PE ratio of 10.86, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31.

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Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its quarterly earnings data on Friday, February 7th. The company reported $10.10 EPS for the quarter, beating analysts' consensus estimates 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 period last year, the firm earned $7.07 EPS. On average, equities research analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CHTR shares. Royal Bank of Canada increased their target price on shares of Charter Communications from $380.00 to $385.00 and gave the stock a "sector perform" rating in a report on Monday, February 3rd. KeyCorp upgraded Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 price objective on the stock in a research note on Thursday, December 12th. Barclays boosted their target price on Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a research note on Monday, February 3rd. BNP Paribas raised Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 price target on the stock in a research report on Tuesday, November 26th. Finally, Benchmark reissued a "buy" rating and set a $450.00 price objective on shares of Charter Communications in a research report on Friday, January 31st. 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, the stock has an average 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.