Charter Communications, Inc. (NASDAQ:CHTR) Shares Purchased by iA Global Asset Management Inc.

iA Global Asset Management Inc. grew its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 5.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,326 shares of the company's stock after acquiring an additional 776 shares during the period. iA Global Asset Management Inc.'s holdings in Charter Communications were worth $5,253,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Avior Wealth Management LLC increased its holdings in Charter Communications by 104.7% during the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock worth $30,000 after purchasing an additional 45 shares during the period. Sierra Ocean LLC bought a new position in shares of Charter Communications during the 4th quarter worth $32,000. Generali Asset Management SPA SGR purchased a new position in shares of Charter Communications during the fourth quarter valued at $36,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Charter Communications during the fourth quarter valued at $45,000. Finally, Union Bancaire Privee UBP SA bought a new stake in shares of Charter Communications in the fourth quarter valued at about $55,000. 81.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CHTR shares. BNP Paribas upgraded shares of Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 target price on the stock in a report on Tuesday, November 26th. Citigroup initiated coverage on shares of Charter Communications in a research note on Friday, March 14th. They set a "buy" rating and a $425.00 price objective on the stock. KeyCorp raised shares of 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. Barclays increased their target price on Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a research report on Monday, February 3rd. Finally, Benchmark reiterated a "buy" rating and issued a $450.00 price target on shares of Charter Communications in a report on Friday, January 31st. Four equities 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 company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $389.39.

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Charter Communications Stock Performance

Shares of NASDAQ CHTR traded up $7.51 during midday trading on Tuesday, reaching $375.01. The company had a trading volume of 979,241 shares, compared to its average volume of 1,195,247. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27. The business's 50-day simple moving average is $357.33 and its 200 day simple moving average is $355.42. 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 cap of $53.32 billion, a P/E ratio of 10.73, a P/E/G ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) 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 period last year, the business posted $7.07 earnings per share. On average, 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.