Capco Asset Management LLC decreased its holdings in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,072 shares of the company's stock after selling 2,447 shares during the quarter. Charter Communications comprises approximately 8.2% of Capco Asset Management LLC's portfolio, making the stock its 5th biggest position. Capco Asset Management LLC owned 0.07% of Charter Communications worth $36,358,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the stock. Avior Wealth Management LLC lifted its holdings 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 valued at $30,000 after purchasing an additional 45 shares in the last quarter. Sierra Ocean LLC bought a new position in shares of Charter Communications in the 4th quarter worth approximately $32,000. Generali Asset Management SPA SGR bought a new stake in shares of Charter Communications during the 4th quarter valued at $36,000. Wingate Wealth Advisors Inc. purchased a new position in Charter Communications during the fourth quarter valued at $45,000. Finally, Union Bancaire Privee UBP SA bought a new stake in Charter Communications during the fourth quarter valued at about $55,000. 81.76% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
CHTR has been the topic of several recent analyst reports. StockNews.com downgraded shares of Charter Communications from a "buy" rating to a "hold" rating in a research report on Wednesday. BNP Paribas upgraded Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 price objective on the stock in a research report on Tuesday, November 26th. Royal Bank of Canada increased their target price on Charter Communications from $380.00 to $385.00 and gave the stock a "sector perform" rating in a research report on Monday, February 3rd. Barclays boosted their price target on Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a report on Monday, February 3rd. Finally, Benchmark reaffirmed a "buy" rating and set a $450.00 price objective on shares of Charter Communications in a report on Friday, January 31st. Four analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $389.39.
Read Our Latest Stock Report on Charter Communications
Charter Communications Price Performance
CHTR traded up $9.76 during trading on Wednesday, reaching $384.77. 1,371,619 shares of the stock were exchanged, compared to its average volume of 1,195,069. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. The business's 50 day moving average price is $357.91 and its two-hundred day moving average price is $355.75. The company has a market capitalization of $54.71 billion, a price-to-earnings ratio of 11.01, a P/E/G ratio of 0.44 and a beta of 1.13.
Charter Communications (NASDAQ:CHTR - Get Free Report) last released its 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 period in the previous year, the company posted $7.07 earnings per share. As a group, equities research analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current year.
Charter Communications Profile
(
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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