CIBC Private Wealth Group LLC lifted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 175.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,475 shares of the company's stock after purchasing an additional 3,486 shares during the period. CIBC Private Wealth Group LLC's holdings in Charter Communications were worth $1,913,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. Schroder Investment Management Group raised its position in Charter Communications by 99.1% during the fourth quarter. Schroder Investment Management Group now owns 93,771 shares of the company's stock worth $32,180,000 after acquiring an additional 46,671 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Charter Communications by 130.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company's stock valued at $369,566,000 after buying an additional 609,554 shares during the last quarter. Allstate Corp bought a new position in shares of Charter Communications during the 4th quarter worth approximately $941,000. Brown Brothers Harriman & Co. increased its holdings in shares of Charter Communications by 37.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock worth $36,000 after acquiring an additional 29 shares during the last quarter. Finally, DnB Asset Management AS raised its stake in Charter Communications by 3.9% in the 4th quarter. DnB Asset Management AS now owns 17,369 shares of the company's stock valued at $5,954,000 after acquiring an additional 644 shares during the period. Institutional investors and hedge funds own 81.76% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on CHTR shares. Royal Bank of Canada lifted their price objective on shares of 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 upped their price target 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. Benchmark reissued a "buy" rating and set a $450.00 price target on shares of Charter Communications in a report on Friday, January 31st. Citigroup began coverage on Charter Communications in a report on Friday, March 14th. They issued a "buy" rating and a $425.00 price objective on the stock. Finally, StockNews.com downgraded Charter Communications from a "buy" rating to a "hold" rating in a report on Friday. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $393.18.
Check Out Our Latest Research Report on CHTR
Charter Communications Price Performance
Shares of CHTR traded down $5.40 during midday trading on Monday, hitting $332.89. The company's stock had a trading volume of 1,522,839 shares, compared to its average volume of 1,231,914. The company's fifty day simple moving average is $359.87 and its two-hundred day simple moving average is $357.76. The stock has a market capitalization of $47.25 billion, a price-to-earnings ratio of 9.52, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. The company has a quick ratio of 0.31, a current 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 EPS for the quarter, topping 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 in the previous year, the company earned $7.07 earnings per share. As a group, equities analysts expect 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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