Cibc World Markets Corp Buys 2,017 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Cibc World Markets Corp raised its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,032 shares of the company's stock after purchasing an additional 2,017 shares during the period. Cibc World Markets Corp's holdings in Charter Communications were worth $22,977,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Lind Value II ApS purchased a new stake in Charter Communications in the fourth quarter valued at approximately $9,743,000. Oddo BHF Asset Management Sas bought a new position in shares of Charter Communications in the 3rd quarter worth $1,345,000. Worldquant Millennium Advisors LLC raised its position in shares of Charter Communications by 193.8% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 40,092 shares of the company's stock valued at $12,993,000 after buying an additional 26,446 shares in the last quarter. Caprock Group LLC lifted its holdings in shares of Charter Communications by 39.7% during the 4th quarter. Caprock Group LLC now owns 3,517 shares of the company's stock worth $1,206,000 after acquiring an additional 999 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in Charter Communications by 4.9% in the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company's stock worth $1,052,868,000 after acquiring an additional 148,003 shares in the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

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Charter Communications Trading Up 0.3 %

NASDAQ CHTR traded up $1.23 during trading on Friday, hitting $363.81. The company had a trading volume of 1,569,789 shares, compared to its average volume of 1,194,443. The company's fifty day moving average is $356.16 and its 200-day moving average is $354.82. The company has a market cap of $51.73 billion, a price-to-earnings ratio of 10.41, a price-to-earnings-growth 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. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its earnings results on Friday, February 7th. The company reported $10.10 earnings per share 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 prior year, the business posted $7.07 EPS. On average, sell-side analysts predict 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 weighed in on the company. Benchmark restated a "buy" rating and set a $450.00 price target on shares of Charter Communications in a research report on Friday, January 31st. KeyCorp raised Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 price objective on the stock in a report on Thursday, December 12th. Citigroup initiated coverage on Charter Communications in a research note on Friday, March 14th. They issued a "buy" rating and a $425.00 target price for the company. Royal Bank of Canada lifted their price target on shares of Charter Communications from $380.00 to $385.00 and gave the stock a "sector perform" rating in a research note on Monday, February 3rd. Finally, Barclays upped their price objective on shares of Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a research note on Monday, February 3rd. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Charter Communications currently has an average rating of "Hold" and an average price target of $389.39.

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.