Amundi grew its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 62.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 288,559 shares of the company's stock after acquiring an additional 110,410 shares during the period. Amundi owned about 0.20% of Charter Communications worth $100,799,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in Charter Communications in the 3rd quarter worth $28,000. Avior Wealth Management LLC increased its stake in shares of Charter Communications by 104.7% during the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock worth $30,000 after purchasing an additional 45 shares in the last quarter. Sierra Ocean LLC purchased a new stake in shares of Charter Communications during the fourth quarter worth about $32,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Charter Communications during the 4th quarter worth about $45,000. Finally, Union Bancaire Privee UBP SA purchased a new position in Charter Communications in the 4th quarter valued at about $55,000. 81.76% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of brokerages have commented on CHTR. Barclays increased their target price on Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a report on Monday, February 3rd. Citigroup initiated coverage on Charter Communications in a report on Friday. They issued a "buy" rating and a $425.00 price objective on the stock. Royal Bank of Canada upped 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. Benchmark reissued a "buy" rating and issued a $450.00 price target on shares of Charter Communications in a research note on Friday, January 31st. Finally, KeyCorp raised shares of Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 price objective for the company in a research note on Thursday, December 12th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $388.37.
View Our Latest Report on CHTR
Charter Communications Trading Up 1.8 %
Shares of Charter Communications stock traded up $6.10 on Friday, reaching $351.50. The company had a trading volume of 1,210,956 shares, compared to its average volume of 1,195,891. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market cap of $49.98 billion, a PE ratio of 10.05, a PEG ratio of 0.44 and a beta of 1.13. The firm's 50 day moving average price is $355.73 and its two-hundred day moving average price is $354.79. 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 quarterly earnings results on Friday, February 7th. The company reported $10.10 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 quarter in the previous year, the business earned $7.07 EPS. Sell-side analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.
About Charter Communications
(
Free Report)
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.
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