CIBC Asset Management Inc Raises Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

CIBC Asset Management Inc increased its holdings in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,249 shares of the company's stock after purchasing an additional 1,224 shares during the period. CIBC Asset Management Inc's holdings in Charter Communications were worth $13,796,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in CHTR. Assenagon Asset Management S.A. lifted its stake in Charter Communications by 12,597.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 249,756 shares of the company's stock worth $80,941,000 after purchasing an additional 247,789 shares in the last quarter. FMR LLC lifted its position in shares of Charter Communications by 27.7% in the third quarter. FMR LLC now owns 1,064,948 shares of the company's stock worth $345,128,000 after buying an additional 230,817 shares in the last quarter. Fernbridge Capital Management LP purchased a new stake in shares of Charter Communications in the third quarter worth about $48,200,000. Franklin Resources Inc. lifted its position in shares of 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 buying an additional 148,003 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Charter Communications during the 3rd quarter worth approximately $244,720,000. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Stock Down 0.5 %

NASDAQ CHTR traded down $1.97 during trading on Friday, reaching $361.04. 614,200 shares of the company's stock traded hands, compared to its average volume of 1,112,568. 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 firm has a market cap of $51.34 billion, a price-to-earnings ratio of 10.33, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11. The company's 50 day simple moving average is $352.53 and its two-hundred day simple moving average is $353.62. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, beating 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 quarter last year, the business earned $7.07 EPS. As a group, sell-side analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Analyst Ratings Changes

CHTR has been the topic of several recent research reports. Pivotal Research upped their price objective on Charter Communications from $435.00 to $525.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Bank of America raised shares of Charter Communications from a "neutral" rating to a "buy" rating and upped their price target for the company from $385.00 to $450.00 in a research note on Monday, November 4th. Benchmark restated a "buy" rating and set a $450.00 target price 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 for the company in a research note on Thursday, December 12th. Finally, Royal Bank of Canada increased their price target on Charter Communications from $380.00 to $385.00 and gave the company a "sector perform" rating in a report on Monday, February 3rd. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus 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.