Harvest Fund Management Co. Ltd Purchases 1,794 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Harvest Fund Management Co. Ltd grew its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 27.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,369 shares of the company's stock after purchasing an additional 1,794 shares during the period. Harvest Fund Management Co. Ltd's holdings in Charter Communications were worth $2,869,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Avior Wealth Management LLC boosted its holdings in 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 buying an additional 45 shares in the last quarter. Sierra Ocean LLC acquired a new stake in shares of Charter Communications during the 4th quarter valued at $32,000. Generali Asset Management SPA SGR bought a new stake in shares of Charter Communications during the 4th quarter worth $36,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Charter Communications in the 4th quarter worth $45,000. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Charter Communications during the fourth quarter worth $55,000. Institutional investors and hedge funds own 81.76% of the company's stock.

Analysts Set New Price Targets

CHTR has been the subject of a number of recent analyst reports. 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 research report on Monday, February 3rd. Barclays raised their target price on shares of Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a report on Monday, February 3rd. BNP Paribas upgraded shares of Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 price target on the stock in a report on Tuesday, November 26th. Citigroup assumed coverage on shares of Charter Communications in a research note on Friday, March 14th. They issued a "buy" rating and a $425.00 price objective for the company. Finally, StockNews.com raised shares of Charter Communications from a "hold" rating to a "buy" rating in a research note on Tuesday, March 18th. 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 a consensus rating of "Hold" and an average price target of $389.39.

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Charter Communications Stock Up 1.0 %

NASDAQ CHTR traded up $3.69 during trading on Monday, reaching $367.50. The company's stock had a trading volume of 1,488,231 shares, compared to its average volume of 1,195,901. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The stock has a market capitalization of $52.26 billion, a PE ratio of 10.51, a PEG ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27. The business has a 50-day moving average price of $356.74 and a 200-day moving average price of $355.16.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released 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 period last year, the firm posted $7.07 earnings per share. On average, research analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

About Charter Communications

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.